The fundamentals on Swiber and other stocks

Swiber's price closed above its year high, underlined by its improving fundamentals. A report by DBS:


We believe the time is right to buy Swiber as the contract
award season for offshore field development projects in
Southeast Asia begins. The expected new orders should
rejuvenate interest in the stock in 1Q10. After 2 years of
preparation efforts, we also expect to see new contracts
from the Middle East and South Asia from 2Q10. Among our
4 stock picks, Swiber shares offer the highest percentage
upside to target price and the forward PE of 5.9x is also
much more attractive compared to the 9.3x for the small
caps O&G sector.

Technically, it is also beautiful, with the price reaching a new high on high volumes after breaking up from a base formation formed over 6 months. Its historical high is 3.84, which means the stock has much more to go. Worth a CPF trade? Definitely. I will be purchasing 20,000 shares for long term when market opens tomorrow.