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http://dimitric-trading.blogspot.sg/2012/08/iev-holdings-ltd.html
Showing posts with label IEV. Show all posts
Showing posts with label IEV. Show all posts
IEV Holdings Ltd
One counter that we have a position on is IEV Holdings. Pretty interesting where we open a position midday after noticing some trends and fitting into our model.
Company name: IEV Holdings Ltd
Company code: IEVH.SI
About: IEV Holdings Limited (IEV) offers a range of integrated engineering solutions (IES) to support the offshore oil and gas industry in the Asia Pacific region. The Company provides engineering services to companies in the offshore oil and gas sector, such as offshore platform operators and engineering, procurement, construction, installation and commissioning (EPCIC) contractors. It has operations in Malaysia, Indonesia and Vietnam and sales and representative agreements with its agents in Europe, United States, India and China to promote and market its MGC products and services. The Company’s IES is categorized into six main divisions: jacket and pipeline installation solutions (JPIS), structural integrity solutions (SIS), inspection, repair and maintenance solutions (IRMS), life extension solutions (LES), decommissioning solutions (DS) and rigless well intervention solutions (RWIS). In March 2012, it incorporated IEV Energy Investment Pte. Limited in Singapore.
Company name: IEV Holdings Ltd
Company code: IEVH.SI
About: IEV Holdings Limited (IEV) offers a range of integrated engineering solutions (IES) to support the offshore oil and gas industry in the Asia Pacific region. The Company provides engineering services to companies in the offshore oil and gas sector, such as offshore platform operators and engineering, procurement, construction, installation and commissioning (EPCIC) contractors. It has operations in Malaysia, Indonesia and Vietnam and sales and representative agreements with its agents in Europe, United States, India and China to promote and market its MGC products and services. The Company’s IES is categorized into six main divisions: jacket and pipeline installation solutions (JPIS), structural integrity solutions (SIS), inspection, repair and maintenance solutions (IRMS), life extension solutions (LES), decommissioning solutions (DS) and rigless well intervention solutions (RWIS). In March 2012, it incorporated IEV Energy Investment Pte. Limited in Singapore.
Possible good entry price: $0.565
Target price: $0.62
Cut price for us: $0.51
Estimated holding time: 1 month or less
Looking at its chart today, we manage to see that it has broken its 50d MA and stayed above today. Resistance was met at $0.585 and retracted to close at $0.57. Looking at its movement currently, it seems to have consolidated for more than a week and today it broke out but hit the resistance that could be seen 2 weeks back. Will we be expecting that it would be hitting $0.585 again and not break out from there? Hard to determine that while we look at the current European and US markets which is down close to 0.8% - 1% at the moment, we still think there's a good chance to hit our target price!
Your thoughts?
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