$宏华集团(00196)$ reading the report of macquraire and barclays, they believe the visibility of earning is deteriorating due to not much big order awarded and the offshore wont even get an jack up order till 2015 due to difficult entry and the whole business is cyclical. Are they being too pessmistic or generalized by a single experience in 2009 to 2011..
So do they totally unestimate the growth of oil and dngineering services for 2013 ,2014 and 2015..
Still it is under my stake for 100% ..