Kreuz Holdings (5RK.SG) +11.1% at more than four-week high of $0.45 in active trade, drawing strength from current interest in parent Swiber Holdings (AK3.SG), last +3.9% at six-week high of $1.06, according to Dow Jones.

As latter tipped by analysts to clinch new contracts in near term, sentiment likely rubbing off on Catalist-listed Kreuz. Any contract win by Swiber could be positive for sub-sea services provider as it counts parent as main customer.

Kreuz one of better performers among new Singapore listings this year, +50% to date from $0.27 IPO price, but newsflow on company has been thin since July listing, save for release of 2Q10 results last month. Orderbook quotes suggest stock may test $0.47.