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Swiber Holdings: Massively Undervalued

ByBL
Published 05/16/2013, 07:37 AM
Updated 07/09/2023, 06:31 AM

Swiber Holdings Limited (SW7.SG) is an integrated construction and support services provider that offers a range of offshore engineering, procurement, installation and construction (EPIC) services, and marine support solutions across the Pacific and the Middle East. Its segments include Swiber Offshore Construction Services, Newcruz Offshore Marine Services and Kreuz Offshore Subsea Services. This stock is listed in Singapore Exchange.

Today I bought Swiber at $0.625.

Swiber is trading below book value, it has a price to book value of 0.73. Normally when a stock is trading below book value, it is a sign that the share price is either reaching rock bottom or it is going to go bankrupt. I believe that this stock is reaching rock bottom as the company is sitting generating good profits and order books.

One of the director Mr Chee Neng Yeo has bought 303,000 Swiber shares recently at 0.6100. The nominal amount is not very huge but I am glad that one of the director is on our side.

Medium term chart for Swiber is up. We would like to ride on this uptrend.

Swiber-profits

Swiber-order-book

Swiber-chart

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