MODEC: +8% on 2Q Earnings Surge, Gross Margin Recovery and Large Revenue Bump Should Continue
Modec Inc (6269 JP) announced excellent 2Q results yesterday as revenue improved sequentially from JPY46,784m to JPY66,059m (+41.2%) and gross...
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MODEC:Â Starting Breakout as Presalt Potential Is Realised After 180 Million Years
Modec Inc (6269 JP) is gaining, up 7.1%, following the release of 1Q numbers which were reasonable but unexceptional. Revenue was up 5.7% QoQ which...
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MODEC Could Be Our Favourite Pick for 2018
We mentioned previously that MODEC's FY results left us with a slightly negative impression due to a miss at the OP line and what looked like...
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MODEC Rally Points with Laggard Potential
MODEC base support that was just surpassed shows medium term upside potential but will be tactically stretched near the 3,200 immediate projection....
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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...
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