Kreuz Holdings (5RK.SG) +2.2% at $0.475, extending 31.0% rally since beginning of September, says Dow Jones.

Stock one of best performers for new Singapore listings this year, +72.2% to date since listing in July with $0.27 IPO price.

Interest partly underpinned by expectations parent Swiber (AK3.SG) could unveil new contracts, which in turn could benefit Kreuz as sub-sea services provider counts Swiber as key customer.

Swiber +12.5% since start of September.

"(The) stock appeals to traders, judging from frequent rallies this month," says AmFraser Securities strategist Najeeb Jarhom; "even on quiet days like today, the counter had managed to sustain its firm price levels." Citing technical indicators, Jarhom expects stock to test at least $0.515 in coming weeks.