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Sembmarine
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JUNWEI9756
Supreme |
19-Aug-2011 18:56
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this is a bet we have to take.. cannot blindly follow their buy back.. but take it as a guideline :D
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iPunter
Supreme |
19-Aug-2011 18:41
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Buying back in a market downtrend will most likely result in " rugi" ... Can be very " pengsan" ... 
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susan66
Master |
19-Aug-2011 18:29
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Agree, last week also share buy back twice but only up 1 day and drop the next day. Every rebound people will short again, no strength. I shorted $4.20 when it close low but next day rebound. Today drop like nobody's business especially after it breaks $4.00. What a good profit! 
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JUNWEI9756
Supreme |
19-Aug-2011 18:09
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it is not to lift up the price. this means that the company thinks that their share price are cheap enough to buy back...
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JUNWEI9756
Supreme |
19-Aug-2011 18:07
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meaning sembmarine is better ? haha
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wisann
Senior |
19-Aug-2011 17:57
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Looking at current market condition, I don't think this will lift up the price anyway. Example is the buy back share that they did on 8th August, the next day, this counter still tanked. Any thoughts? |
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niuyear
Supreme |
19-Aug-2011 17:31
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Share Prices
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JUNWEI9756
Supreme |
19-Aug-2011 17:28
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Agree Agree !!! Sifu which one do you prefer ? Sembcorp or Sembmarine ?
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niuyear
Supreme |
19-Aug-2011 17:22
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Buy back, is the only sensible thing to do LOL!!!.......they buy, i buy,
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JUNWEI9756
Supreme |
19-Aug-2011 17:19
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Sembmarine finally bought back their own shares today.. | |||||||||||||||||||
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krisluke
Supreme |
18-Aug-2011 20:45
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SembMar: HSBC maintains O/w on grp with $6.05 TP. House positive on offshore spend despite global environment. Forecast US$75-80b average annual O& M spend in 2011-13 with roughly a qtr of this in E& P equipment capex. Existing order backlog for offshore rigs will add around 15% to current global fleet, inadequate in house view to support medium-term E& P plans of oil Co's. A tight rig market is further exacerbated by a large ageing rig fleet under pressure of growing asset value divergence from newer premium rigs. Add that recent stock slide unwarranted. SMM has fallen 22% since 1 Aug vs STI down 11% due to mkt volatility, fears of a US recession and oil prices falling 12% to US$112/bbl. Ytd orders are in line with expectation and mgt outlook on shallow and mid water E& P capex bullish. Note that while grp’s share price has a high correlation to oil prices, E& P projects in shallow and mid water are unlikely to slow unless crude falls on a sustained basis well below (unlikely) US$75/barrel. House forecasts and $6.05 TP are unchanged. Value grp on a 10-yr DCF estimate and order outlook does not factor in any new Petrobras contracts. |
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krisluke
Supreme |
18-Aug-2011 20:42
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SG Rig Builders: Citi has sector report. Note that earnings intact despite rising headwinds. After a period of resilience, O& M sector outperformance has started to reverse sharply amid growing concerns over likelihood of a double-dip recession. Sell-down has brought valuations back closer to Aug 08 levels, and could provide a floor to the share prices in the near term. See risks to E& P capex spend in 2012 and rig demand to moderate however, expect sector earnings will remain intact and valuations look inexpensive. Oil prices at current levels remain conducive for E& P investments. Fundamentally, house does not expect a repeat of a Lehmanstyle systemic collapse to occur. Add that SG rig builders better positioned currently vs 08-09 downturn for following reasons: i) back end loaded payments with yards financing the working capital ii) better quality customers with lesser proportion of speculators iii) Day rates have bottomed and currently on an uptrend vs the peak levels witnessed in 2008. House maintain 2011 orderbook estimates but cut sector order win 2012-13E forecasts by 14-25%. Still prefer Keppel and believe it is better positioned than many regional yards in the event of a sharp slowdown given i) higher margin prospects ii) stronger backlog iii) lower downside from a valuation standpoint. |
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leslieehy
Member |
18-Aug-2011 10:30
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yes.. agree.. so fast lose steam.. looks like you are gna short it again? |
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susan66
Master |
18-Aug-2011 09:48
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Everyday up in the morning & afternoon drop back. Today same pattern, so fast lose steam. Looks like resistance at $4.28 is strong. 
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susan66
Master |
17-Aug-2011 12:23
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I see some married deals around $4.23 this morning, wonder it's pushing up or down. Support at $4.20 since yesterday close low. 
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krisluke
Supreme |
17-Aug-2011 00:08
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Hi bintang, I realise that my foc chartnexus does not show $6.xx price tag. So, the gaps for those previous post were inaccurate. 
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krisluke
Supreme |
16-Aug-2011 23:29
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Remember, last oct atwood First rig contract after years of drought season.. ... Seem like 3.86 gap and be filled and rebound from thereafter. let see 
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krisluke
Supreme |
16-Aug-2011 23:04
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Sembcorp Marine ($4.15) — Temporary bounce possible This counter was one of the best performers during the 2009 to 2011 run-up, more than quadrupling from its post-crisis low of $1.28 to its 2011 high of $5.69. Volume surged on the black morubozu line formed on Aug 10, a sign of selling.
Since stochastics and RSI are at their lowest levels this year, a temporary rebound is likely shortly. However, the downtrend looks set to continue subsequently. Some support appears at $3.60.
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krisluke
Supreme |
15-Aug-2011 21:27
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Tmr, semb XD liao. Do note, there was a gap up of 2 cents today... ... To make the pic looks simple, Resistance at $4.50 and short time support at $4.38 |
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krisluke
Supreme |
15-Aug-2011 21:00
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SEMB MAR CHART - Broke above last week high of 4.36 would be a positive... could signal a rebound back up slowly....4.50 would be a critical resistance to clear... if it crosses this level and stay above, more upside to come... Longer term investors can enter around this level to participate in any rebound.. |
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