STX OSV CHART - Has broke above 1.30, now at 1.32..... Possible to accumulate fom 1.30 to 1.32 level.....

Next resistance at 1.35 to clear....... results strong, recent high at 1.58…  DBSV: 2Q11 results for STX OSV were above expectations on strong
margins; sustainable through 2H. We expect order wins to feature strongly in 2H, which could be re-rating drivers. FY11F earnings were raised by 17% on positive forward guidance by management. Maintain BUY, TP S$1.90 (Prev S$ 1.86). We continue to like the stock for its market leading position and relatively large market share for large AHTS and PSVs, and strong track record.