Swiber

I extract the following report from DBS Research ;

Two Investment themes for Oil and Gas companies :-
1) The first investment thesis for 2010 is for builders to
outperform asset owners/operators, due to the
resurgence in orders. The picks are Swiber Holdings
(+40% to S$1.24), PEC (+26% to S$0.88) and Sembcorp
Marine (+20% to TP: S$4.26). Swiber has been
upgraded to BUY, with revised target price of S$1.24, in
anticipation of the seasonal offshore field development
order flow in 1Q 2010. PEC, with S$500m order
pipeline, is expected to see more downstream EPC
contracts award in onshore Middle East in 1H 2010.

Chart wise , lookout for break above 91.5c to retest 96.5c again ... stay long