Republished from SGX website with permission

Singapore Exchange lists 35 Offshore Supply Vessel (OSV) players. These companies provide support services to offshore drilling rigs, pipe laying and oil-producing assets - including production platforms as well as floating production, storage and offloading (FPSO) units - used in the exploration and production (E&P) of oil and gas (O&G).

OSV stocks are heavily dependent on the fortunes of the crude market. They are widely viewed as one of the key beneficiaries of a rebound in oil prices. A robust demand for oil leads to an increase in planned E&P activities, resulting in higher demand for rigs, platforms and FPSOs, which in turn boosts the OSV market.

Crude, which has gained more than 20% since the start of the year, continues to hover near four-year highs, on fears of a supply crunch following a disruption in oil exports from Iran and declining production in Venezuela.

While Saudi Arabia and Russia have agreed to boost output, concerns linger over whether OPEC and its allied producers will be able to offset the supply losses.

Further boosting prices was Hurricane Michael, which shut some oil fields in the Gulf of Mexico. West Texas Intermediate (WTI) for November delivery traded above US$74 a barrel on the New York Mercantile Exchange yesterday.

The 10 largest OSV stocks on SGX have a combined market capitalisation of nearly S$2 billion.

In the July-September 2018 quarter, the five largest OSV stocks that posted the strongest rebound from their 52-week lows were:

• Vallianz Holdings (28.6%),
• Mermaid Maritime (21.4%),
• Sinwa (21.1%),
• Dyna-Mac Holdings (18.0%), and
• PACC Offshore Services (17.4%).

Sinwa storeSinwa warehouse: Delivering fresh produce and everything else needed by ships and offshore assets. NextInsight file photo
These five stocks have averaged a 21.3% price gain from their respective 12-month troughs.

The table below details the 10 largest OSV players in terms of market capitalisation, sorted by percentage price gain vs their respective 52-week lows. 

OSV 9.18

Watch video of investors' visit to Sinwa's new warehouse in Joo Koon Circle --> 

Share Prices

Counter NameLastChange
AEM Holdings0.890-0.010
Alliance Mineral0.188-0.001
Anchor Resources0.010-
Avi-Tech Electronics0.270-0.005
Best World Int.1.360-
China Sunsine1.160-0.010
CSE Global0.475-0.005
Food Empire0.520-
Geo Energy0.1510.003
Golden Energy0.199-
GSS Energy0.071-
ISDN Holdings0.2350.005
KSH Holdings0.450-0.015
Moya Asia0.077-0.001
Nordic Group0.2750.005
Oxley Holdings0.300-0.005
REX International0.062-0.001
Sing Holdings0.380-
Sino Grandness0.057-0.002
Straco Corp.0.760-
Sunningdale Tech1.300-0.010
Sunpower Group0.4550.005
The Trendlines0.079-
Tiong Seng0.2300.010
Uni-Asia Group1.1400.020
XMH Holdings0.163-
Yangzijiang Shipbldg1.3800.010

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