MODEC: 17% Price Jump as Results Beat, Guidance Is Lowballed
Modec Inc (6269 JP) reported strong 2018 results as operations for the year went smoothly and gross margin recovered to double digits in the fourth...
675 Views
Oil Majors Results: The Main Take-Aways. We Are Positive on Hess, Valero and Chevron
A number of the largest oil companies in the U.S. and Europe reported results last week including Exxon Mobil (XOM US) , Chevron Corp (CVX US) and...
574 Views
MODEC: Order Win in Mexico Is a Positive, Stock Rebounds 7% as MS Initiates with Buy
Modec Inc (6269 JP) has won an order for an FPSO in Mexico including a 15+5 year charter. The company was bidding against Bumi Armada (BAB MK) and...
606 Views
Modec: Petrobras Order Delays Negative but Orders from India and Mexico Could Support Backlog
Modec Inc (6269 JP) shares have steadily ground higher this year, up 13.9% YTD while Topix has fallen 5.3%. We visited the company to find...
506 Views
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...
319 Views