【出版时间及名称】:2010年2月新加坡油田服务行业研究报告
【作者】:野村证券
【文件格式】:PDF
【页数】:64
【目录或简介】:
Contents
Executive summary 3
Investment thesis 3
Key investment highlights 3
Key investment concerns/risks 4
Top picks: Keppel Corp, SembMarine 5
Keppel Corp — reiterate BUY 5
SembCorp Marine — reiterate BUY 5
SembCorp Industries — maintain NEUTRAL 5
Cosco Corp — reiterate REDUCE 6
Yangzijiang Shipbuilding — reiterate REDUCE 6
Temporary pause in rig newbuild cycle, next phase: production
vessels 7
Deepwater — strong fundamentals, but weak newbuild visibility 7
Potential orders from specialised rigs, upgrades and FPSOs 10
A fair share for every established yard 13
Deep water still runs 17
Latest company views
Keppel Corp 21
SembCorp Marine 34
SembCorp Industries 42
Cosco Corp (Singapore) 50
Yangzijiang Shipbuilding 55