Collage Rexonic

SOME OIL & GAS stocks have been among the biggest gainers in the recent stock market rebound.

  30 Sept 2015 closing 16 Oct 2015 closing % gain
AusGroup 11.3 c 15.6 c 38.1%
Baker Tech 18.9 c 20.5 c 8.5%
China Aviation Oil 62.5 c 71 c 13.6%
Ezra 11. 6 c 12.8 c 10.3%
Ezion

64.5 c 75.5 c 17.1%
GSS Energy

7.8 c 10.6 c 35.9%
IEV
 
4.2 c 6.4 c 52.4%
Kris Energy

35 c 35 c --
Nam Cheong

15.9 c 17.7 c 11.3%
Pacc Offshore
 
32 c 38 c 18.8%
REX

8.3 c 15.1 c 81.9%
Swissco

23.5 c 27.5 c 17.0%

The oil situation is very complex and all sorts of data come out frequently, sending investor sentiment up and down. 

To quote the Wall Street Journal of Oct 16 on a positive sign for higher oil prices: "...the number of working U.S. oil rigs had fallen by 10 to 595 in the latest week, the seventh consecutive week of declines.

"Some view this as a proxy for estimating what might happen to production, and a sharp fall in the rig count during the year’s collapse in oil prices has led many to speculate that production declines are on the way."

At least for now, there is a big relief rally for some oil-related stocks on the Singapore Exchange.

In our compilation, the biggest gainers since the start of this month (Oct) are REX International (81.9%) and IEV (52.4%).

Another stock, Baker Tech, rose 8.5%. Notably, the manufacturer and provider of specialised equipment and services for the oil & gas industry has a strong balance sheet as at end-June 2015, comprising S$172.9 million cash (no borrowings) and $8.3 million corporate bonds.

These two assets alone translate into 17.9 cents a share. In comparison, its stock traded recently at 20.5 cents, implying a sharp undervaluation of its operating business.

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Counter NameLastChange
AEM Holdings2.290-0.070
Best World2.4600.020
Boustead Singapore0.945-0.015
Broadway Ind0.125-0.003
China Aviation Oil (S)0.905-0.005
China Sunsine0.400-0.010
ComfortDelGro1.450-0.010
Delfi Limited0.895-0.005
Food Empire1.280-0.040
Fortress Minerals0.305-0.015
Geo Energy Res0.300-0.005
Hong Leong Finance2.480-0.010
Hongkong Land (USD)2.830-0.020
InnoTek0.520-0.015
ISDN Holdings0.3000.005
ISOTeam0.042-0.001
IX Biopharma0.040-0.005
KSH Holdings0.2550.005
Leader Env0.050-
Ley Choon0.0440.001
Marco Polo Marine0.067-0.002
Mermaid Maritime0.136-0.003
Nordic Group0.310-0.005
Oxley Holdings0.089-
REX International0.1380.003
Riverstone0.790-0.005
Southern Alliance Mining0.445-
Straco Corp.0.4950.010
Sunpower Group0.205-0.005
The Trendlines0.069-
Totm Technologies0.022-
Uni-Asia Group0.825-
Wilmar Intl3.4000.020
Yangzijiang Shipbldg1.740-0.030
 

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