Shares of Singapore's Swiber Holdings Ltd rose as much as 9.7 percent on Wednesday to a three-week high after the offshore services firm said it had been awarded projects worth a total of $830 million in Asia and the Middle East.
By 0325 GMT, shares of Swiber were up 7.8 percent at S$0.555 with 8.6 million shares changing hands, about thrice the average volume traded over the past five sessions.
Swiber's contract wins increase its order book to $1.8 billion, CIMB Research said in a report.
Swiber will fare better this time in the face of the euro zone crisis and falling oil prices compared to the global financial crisis in 2008, due to secure earnings visibility till the end of 2013, CIMB said.
For Swiber's statement, click
1128 (0328 GMT) (Reporting by Leonard How in Singapore; email@example.com)