Post by roberto on May 3, 2015 14:40:22 GMT 7
Company Description (from SGX website):
Federal International (2000) Ltd, an investment holding company, designs, manufactures, assembles, distributes, and provides flowline control products and services for the oil and gas, petrochemical, and refinery industries in Singapore. The company’s Trading segment is involved in the supply of assembly and distribution of flowline control products; distribution of oilfield drilling equipment for use on onshore and offshore rigs and drilling platforms; and provision of fire protection and detection systems, as well as offers electrical products for marine, coal mining, oil and gas, petrochemical, and pharmaceutical industries. Its Manufacturing/Design/Research and Development segment researches, develops, designs, and manufactures high pressure and temperature valves, and related oilfield products. The company’s Marine Logistics segment charters vessels to the offshore oil and gas, and other related industries. Its Energy and Utilities segment procures and constructs projects; and provides electricity, steam, condensate, LNG, and CNG, as well as wastewater treatment services. The company’s Resources segment sells and mines coal and other natural resources. The company also offers management and consultancy services for environmental-related projects; supplies raw water and treated industrial tap water; provides project consultancy services; purchases and sells tugboats; and undertakes build-operate-own and build-operate-transfer projects in the power utilities sector. In addition, it engineers, procures, constructs, manages, trades in, and markets commodities; designs, manufactures, and assembles valves; deals oilfield engineering materials; and operates as a hardware merchant. The company operates in China, Indonesia, Malaysia, Singapore, Thailand, the United States, the United Kingdom, the United Arab Emirates, Vietnam, Oman, and internationally. Federal International (2000) Ltd was founded in 1974 and is based in Singapore.
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Could I get opinions on this counter pls? The recent run up from 1.x cents to recent high of 4.x cents has been fast and furious. Some may say it's too fast and too furious. What I see on the short term (3 months) chart seems to be distribution; big players getting out at high volumes above 3.5 cents. Also, potentially a double-top formation, along with declining volumes, doesn't look too promising on the upside.
Interestingly, if you zoom out to the weekly chart, there's a big gap (4.5-5 cents) sometime in Mar 2014. I'm no expert in gap theory, so just throwing the idea out here.
My take for now is that even though the uptrend has been strong, it's probably not sustainable unless there is some juicy news during the coming results.
Federal International (2000) Ltd, an investment holding company, designs, manufactures, assembles, distributes, and provides flowline control products and services for the oil and gas, petrochemical, and refinery industries in Singapore. The company’s Trading segment is involved in the supply of assembly and distribution of flowline control products; distribution of oilfield drilling equipment for use on onshore and offshore rigs and drilling platforms; and provision of fire protection and detection systems, as well as offers electrical products for marine, coal mining, oil and gas, petrochemical, and pharmaceutical industries. Its Manufacturing/Design/Research and Development segment researches, develops, designs, and manufactures high pressure and temperature valves, and related oilfield products. The company’s Marine Logistics segment charters vessels to the offshore oil and gas, and other related industries. Its Energy and Utilities segment procures and constructs projects; and provides electricity, steam, condensate, LNG, and CNG, as well as wastewater treatment services. The company’s Resources segment sells and mines coal and other natural resources. The company also offers management and consultancy services for environmental-related projects; supplies raw water and treated industrial tap water; provides project consultancy services; purchases and sells tugboats; and undertakes build-operate-own and build-operate-transfer projects in the power utilities sector. In addition, it engineers, procures, constructs, manages, trades in, and markets commodities; designs, manufactures, and assembles valves; deals oilfield engineering materials; and operates as a hardware merchant. The company operates in China, Indonesia, Malaysia, Singapore, Thailand, the United States, the United Kingdom, the United Arab Emirates, Vietnam, Oman, and internationally. Federal International (2000) Ltd was founded in 1974 and is based in Singapore.
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Could I get opinions on this counter pls? The recent run up from 1.x cents to recent high of 4.x cents has been fast and furious. Some may say it's too fast and too furious. What I see on the short term (3 months) chart seems to be distribution; big players getting out at high volumes above 3.5 cents. Also, potentially a double-top formation, along with declining volumes, doesn't look too promising on the upside.
Interestingly, if you zoom out to the weekly chart, there's a big gap (4.5-5 cents) sometime in Mar 2014. I'm no expert in gap theory, so just throwing the idea out here.
My take for now is that even though the uptrend has been strong, it's probably not sustainable unless there is some juicy news during the coming results.