Singapore Stock Picking

SeeHS managed to hold above its support at 21 cents last few days (EOD). Next resistances are 23 - 23.5 cents, 25.5 cents ......

Corporate profile :

Established in 1971, See Hup Seng Limited is a leading provider of corrosion prevention services to the marine, oil and gas, construction and infrastructure industries in Singapore. The Group also has a 51%-owned subsidiary, TAT Petroleum Pte Ltd ("TAT Petroleum") which is a strategic value-added distributor that offers comprehensive supply chain management of refined petroleum products in Asia Pacific for diverse sectors such as vehicular, agriculture, coating, pharmaceutical, plastic and electronics industries.

Over the years, the Group's corrosion prevention business has successfully moved up the value chain to establish a strong niche in specialised tank coating services, and large-scale plant operations that are supported by two fully-equipped facilities in Singapore. See Hup Seng's status as a resident contractor for premier shipyards in Singapore attests to its strong track record of delivering quality, efficient and reliable corrosion prevention services.

As a master distributor of ExxonMobil in the Asia Pacific region, TAT Petroleum offers value-added solutions in supply chain management to its major supplier and customers. Its comprehensive services range from the blending and packaging of refined petroleum products into pails, drums or intermediate bulk containers bearing the ExxonMobil brand, to storage and distribution of these products to designated locations. TAT Petroleum is also one of only three distributors of ExxonMobil in the world that has an approved clean-room facility for packaging medicine white oil. Headquartered in Singapore, TAT Petroleum also has offices in Indonesia, China (Guangzhou) and Hong Kong.

See Hup Seng Limited became a public corporation in November 1998. Its shares are listed on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST).