MODEC: Up 10% in 2 Days; Possibly 75% Upside Left
Following the announcement that it had won a further order for an FPSO from Petrobras, MODEC is up 10% in the last two days. We had flagged...
208 Views
Modec Price Momentum Strong, 230% of Market Cap in Orders Incoming by Year End - 8x PE Is Too Cheap
Modec is up about 22% in one and a half months rebounding close to its recent peak following SMBC initiating on the stock with a buy. The company's...
207 Views
StubWorld - Set-Up & Unwind Extremes: Japan Post, Mitsui Engineer, Iljin Holdings
This week I briefly look at recent (& ongoing) bifurcations in Japan Post Holdings Co Ltd (6178 JP), Mitsui Engineer & Shipbuild (7003...
419 Views
The Week That Was in NorthAsia@Smartkarma: Rights Offering, Kosmetics, Gaming & Samsung
As usual, we weren't short of interesting Japan/Korea stories last week. Hyundai Heavy Group issued a massive right offering, and also Toshiba-WD...
186 Views
MODEC Visit Confirms Improvement in Order Outlook
A discussion with Modec Inc (6269 JP) yesterday lead us to believe that positive news flow on orders for FPSOs is likely to pick up going forward...
352 Views