Small Cap Offshore looking good

The offshore sector is looking good, with earnings expectations of up to 34% over the next 2 years, coupled with "efficiently priced" valuations of 7.8 times forward price-to-earnings ratio.

CIMB is bullish on the following counters:

Company	Price Target	Current PE
ASL Marine	0.85	8.7
Ezra	1.55	15.1
Swiber	0.84	10.0

Trading activity has increased lately, and I am very excited. ASL has gone 77% since Oct 2012, Ezra 36% since Nov 2012 and Swiber 21% since Nov 2012. ASL is in an established trend, whereas Ezra and Swiber are just breaking out into new uptrends. Watching closely.