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Sembmarine
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krisluke
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02-Aug-2011 23:54
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Review of Sembmar TWO closest rivals dividends payroll. Keppel corp = 17 cents dividend (alredi pay) ST Eng = 3 cents dividend, payable on 2 september 2011(tax exempted!!!!!!) Sembcorp marine = 5 cents dividend, payable on 31 August 2011 |
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krisluke
Supreme |
02-Aug-2011 23:49
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ST Engineering : Delivers Steady Profit Growth in 1H2011ST Engineering Delivers Steady Profit Growth in 1H2011 Singapore, 2 August 2011 - Singapore Technologies Engineering Ltd (ST Engineering) today announced steady profit growth for first half 2011. Compared with 1H2010, revenue increased by 6% to $3.1b, while both profit before tax (PBT) and net profit grew by 11% to $305.0m and $241.6m respectively. Compared to 2Q2010, second quarter's revenue was comparable, PBT grew 6% or $9.3m to $166.9m and net profit increased 5% or $6.5m to $130.5m. Notwithstanding an unfavourable impact of a weakened US dollar, Aerospace sector achieved higher PBT, mainly due to favourable sales mix and higher contribution from associates. Electronics sector's performance was steady with comparable revenue and PBT. Land Systems sector recorded lower PBT as a result of lower project deliveries and higher operating expenses, while Marine sector recorded higher PBT as a result of higher shiprepair activities. Commercial sales accounted for 62% or $925m of the turnover for the second quarter. As at June 2011, the Group's cash and cash equivalents, and short-term investments totalled $1.47b while advance payments from customers stood at $1.5b. The Group maintained a healthy order book of $10.8b, of which about $2.3b is expected to be delivered in the second half of 2011. Earnings per share was 4.29 cents, representing a 4% growth compared to 2Q2010. During the quarter, the Aerospace sector announced new maintenance projects of over $260m, and a 20-year logistics support contract with Alenia Aermacchi for 12 M346 aircraft, with a first year's contract value of about $50m. Electronics sector announced the securing of $58m worth of Intelligent Transportation Systems and Info-Security contracts, and was awarded a S$68m contract to supply Army Gunnery Tactical & Driving Simulation Systems to the Ministry of Defence. Marine sector won a shipbuilding contract worth about $171m to build four offshore supply vessels in addition to numerous newbuild, repair and conversion contracts. " The Group registered 6% revenue growth for 1H2011 over 1H2010. PBT and Net Profit grew stronger at 11%. The Group's order book as at end June was a healthy $10.8b. The Board of Directors has approved the payment of an interim ordinary dividend of 3 cents per share, payable on 2 September 2011. Barring unforeseen circumstances, the Group expects to achieve comparable revenue and higher PBT for FY2011 over FY2010." ~ TAN Pheng Hock, President & CEO, ST Engineering 2Q2011 vs 1Q2011Compared to 1Q2011, 2Q2011 turnover decreased by 5% or $83m to $1,484m while PBT increased by 21% or $28.9m to $166.9m and net profit increased by 18% or $19.4m to $130.5m. Interim DividendThe Board of Directors approved an interim ordinary dividend of 3 cents per share for the financial year ending 31 December 2011. This is payable on 2 September 2011. Prospects Barring unforeseen circumstances, the Group expects to achieve comparable revenue and higher PBT in 2H2011 compared to that of 1H2011. For FY2011, the Group expects to achieve comparable revenue and higher PBT compared to that of FY2010. ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenues of $5.98b in FY2010 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 24 countries and 45 cities.www.stengg.com. Media Contact: Lina Poa SVP, Corporate Communications ST Engineering Tel: (65) 6722 1883 Fax: (65) 6720 2293 Email: linapoa@stengg.com |
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krisluke
Supreme |
02-Aug-2011 23:34
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It could be a one day affair of absorbing POOR earning report perhaps can look for some buying opportunity at $5.23
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krisluke
Supreme |
02-Aug-2011 23:15
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![]() Anyway, a mixture of good and bad news from smm this month. Market reacted negatively before actual EQ2 was out... ... Let see which local brokerage make the down grade call tomorrow... ... Back to $5.30.. ... the support...
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krisluke
Supreme |
02-Aug-2011 23:09
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The board of directors propose a dividend of 5 cents payable on 31 august 2011
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krisluke
Supreme |
02-Aug-2011 22:57
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yes. it is the currency of malaysia. i got this info from malaysia weblink :))
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Gaecia
Elite |
02-Aug-2011 22:26
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Aug 2, 2011Sembcorp Marine Q2 profit drops 15% to $149.7 millionREDUCED revenues from rig-building sent net profit for the second quarter down 15 per cent at Sembcorp Marine. Earnings for the three months to June 30 were $149.7 million, down from $176.1 million a year ago and well under the $188 million forecast from a Bloomberg poll of two analysts. Gross profit margins improved thanks to a different product mix, more efficient operations and better productivity, said the firm in a statement. But revenue was down 24.3 per cent to $831.3 million, as turnover from rig-building dropped 45.8 per cent to $399.7 million. SembMarine said the fall was due to the timing in recognition of projects. Earnings per share for the quarter were 7.2 cents, from 8.51 cents a year ago, while net asset value per share at June 30 was $1.056, down from $1.251 at Dec 31. Net profit for the first half fell 7.6 per cent to $300.4 million on a 32.4 per cent plunge in revenue to $1.66 billion. News source - The Straits Times, SPH website. http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_697629.html |
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sureesh40
Senior |
02-Aug-2011 08:13
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What is RM147 million, what currency is this, malaysian ringgit?
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rotijai
Supreme |
02-Aug-2011 00:26
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master krisluke, does tat mean sembcorp marine secures two jackups contracts from noble? and where do u find the proposed 10 cents dvd ?
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krisluke
Supreme |
02-Aug-2011 00:06
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Scale Model of Tuas View Extension New Yard |
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krisluke
Supreme |
01-Aug-2011 23:50
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formation resulting in P. Punggol Barat and P. Punggol Timor.
Precious map of singapore and neighbouring island |
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krisluke
Supreme |
01-Aug-2011 23:41
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LNG... ... It reminds me of the subsidiary yard of sembcorp marine.... ... Keppel corp and " ST EngMar" don't seem so INTERESTED in LNG Vessel and their subsidiary rarely deal with LNG/LPG vessel. Keppel Corp is more bind and famous for OILY vessel/rig " ST EngMar" is more bind to medium class vessel supporting for OILY vessel/rig , they don't own the such huge yard capacity olso |
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krisluke
Supreme |
01-Aug-2011 23:30
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About 80% of Singapore's electricity is currently generated from natural gas as fuel. It is expected that electricity will increasingly be generated from gas-fired, combined-cycle power plants. Currently, natural gas is imported from Malaysia and Indonesia via pipelines. As Singapore's demand for gas is expected to exceed supply in the near future, it is necessary to import liquefied natural gas (LNG) to meet the growing demand for natural gas. In 2006, the Singapore Government announced its plan to import LNG and build the nation’s first LNG receiving terminal to fulfil the rising demand and to diversify its sources of natural gas. The LNG receiving terminal will have an initial capacity of 3.5 million tonnes per annum (Mtpa), with provision for expansion to 6 Mtpa or more if required. The LNG receiving terminal will be located at an approximately 30-hectare site on the south western part of Jurong Island. Please click here for more information. |
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krisluke
Supreme |
01-Aug-2011 22:32
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krisluke
Supreme |
01-Aug-2011 22:26
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![]() We have to watch plate cutting ceremony and delivery of vessel (second half 2014) to surf the wave... ... Any insider here WORK in Jurong SHipyard.... |
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krisluke
Supreme |
01-Aug-2011 22:20
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ZUG, Switzerland, Aug. 1, 2011 /NEWS.GNOM.ES/ — Noble Corporation (NYSE: NE) today announced that the Company has exercised options with Sembcorp Marine’s subsidiary Jurong Shipyard for the construction of two additional high-specification heavy duty, harsh environment JU3000N jackup drilling rigs. This order will bring to six the total number of new jackup rigs the Company will have under construction with the Jurong Shipyard. David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation, stated, “We continue to see a growing interest from clients for the advanced features of the JU3000N jackup design. Opportunities for these units are evident in several offshore regions, including the North Sea, Middle East and Asia. This latest rig order reflects our continuing commitment to expand our ownership of industry-leading offshore drilling technology, enabling us to address some of the most demanding well construction challenges around the world.” Total delivered costs for these latest two orders are estimated at approximately $245 million per rig, including project management, spares, and start-up costs, but excluding capitalized interest. Payment terms are consistent with the order of the four previous rigs placed with the Jurong Shipyard since December 2010: 20 percent of the construction price due at contract signing, 20 percent due at steel cutting, and the remainder due at rig delivery. The two latest orders are expected to be delivered from the shipyard during the third and fourth quarters of 2014, following which would be mobilization and acceptance testing by their respective future customers. The Friede & Goldman JU3000N design is an enhanced evolution of the JU2000E design and represents the latest generation of high-specification jackup drilling rig with greater capacities and capabilities than most existing units. The rigs, which are approximately 231 feet in length and 270 feet in breadth, will have the capability to operate in water depths up to 400 feet and drill to depths of 30,000 feet. The rigs will each have a seventy-five foot cantilever, 2.5 million pounds of hook load capacity, a high-capacity mud circulating system, and a 15,000 psi blowout preventer system. The units are capable of off-line pipe handling and offer accommodations for up to 150 people. In addition to six newbuild jackup projects, Noble has seven ultra-deepwater drillships under construction, three of which are scheduled to be delivered later this year. The Company continues to evaluate an option it has with Hyundai Heavy Industries Co. Ltd. for the construction of an additional ultra-deepwater drillship that expires on August 31, 2011, with delivery taking place in the second half of 2014. About Noble Noble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 78 offshore drilling units (including seven ultra-deepwater rigs and six jackup drilling rigs currently under construction), located worldwide, including in the Middle East, India, the U.S. Gulf of Mexico, Mexico, the Mediterranean, the North Sea, Brazil, West Africa and Asian Pacific. Noble’s shares are traded on the New York Stock Exchange under the symbol “NE”. Additional information on Noble Corporation is available via the worldwide web at http://www.noblecorp.com. Statements regarding newbuild costs, delivery dates, performance capabilities and specifications, payment terms, demand, and strategic intent, as well as any other statements that are not historical facts in this release, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to actions by third parties, corporate approvals, negotiation of and agreement on a final construction contract, governmental actions, litigation risks, operating hazards and delays, risks associated with construction outside of the U.S., factors affecting the level of activity in the oil and gas industry, supply and demand of drilling rigs, factors affecting dayrates and the duration of contracts, factors that affect time in the shipyard, weather conditions, the future prices of oil and gas and other factors detailed in the Company’s most recent Form 10-K, Form 10-Q’s and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. SOURCE Noble Corporation http://www.noblecorp.com ZUG, Switzerland, Aug. 1, 2011 /NEWS.GNOM.ES/ — Noble Corporation (NYSE: NE) today announced that the Company has exercised options with Sembcorp Marine’s subsidiary Jurong Shipyard for the construction of two additional high-specification heavy duty, harsh environment JU3000N jackup drilling rigs. This order will bring to six the total number of new jackup rigs the Company will have under construction with the Jurong Shipyard. David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation, stated, “We continue to see a growing interest from clients for the advanced features of the JU3000N jackup design. Opportunities for these units are evident in several offshore regions, including the North Sea, Middle East and Asia. This latest rig order reflects our continuing commitment to expand our ownership of industry-leading offshore drilling technology, enabling us to address some of the most demanding well construction challenges around the world.” Total delivered costs for these latest two orders are estimated at approximately $245 million per rig, including project management, spares, and start-up costs, but excluding capitalized interest. Payment terms are consistent with the order of the four previous rigs placed with the Jurong Shipyard since December 2010: 20 percent of the construction price due at contract signing, 20 percent due at steel cutting, and the remainder due at rig delivery. The two latest orders are expected to be delivered from the shipyard during the third and fourth quarters of 2014, following which would be mobilization and acceptance testing by their respective future customers. The Friede & Goldman JU3000N design is an enhanced evolution of the JU2000E design and represents the latest generation of high-specification jackup drilling rig with greater capacities and capabilities than most existing units. The rigs, which are approximately 231 feet in length and 270 feet in breadth, will have the capability to operate in water depths up to 400 feet and drill to depths of 30,000 feet. The rigs will each have a seventy-five foot cantilever, 2.5 million pounds of hook load capacity, a high-capacity mud circulating system, and a 15,000 psi blowout preventer system. The units are capable of off-line pipe handling and offer accommodations for up to 150 people. In addition to six newbuild jackup projects, Noble has seven ultra-deepwater drillships under construction, three of which are scheduled to be delivered later this year. The Company continues to evaluate an option it has with Hyundai Heavy Industries Co. Ltd. for the construction of an additional ultra-deepwater drillship that expires on August 31, 2011, with delivery taking place in the second half of 2014. About Noble Noble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 78 offshore drilling units (including seven ultra-deepwater rigs and six jackup drilling rigs currently under construction), located worldwide, including in the Middle East, India, the U.S. Gulf of Mexico, Mexico, the Mediterranean, the North Sea, Brazil, West Africa and Asian Pacific. Noble’s shares are traded on the New York Stock Exchange under the symbol “NE”. Additional information on Noble Corporation is available via the worldwide web at http://www.noblecorp.com. Statements regarding newbuild costs, delivery dates, performance capabilities and specifications, payment terms, demand, and strategic intent, as well as any other statements that are not historical facts in this release, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to actions by third parties, corporate approvals, negotiation of and agreement on a final construction contract, governmental actions, litigation risks, operating hazards and delays, risks associated with construction outside of the U.S., factors affecting the level of activity in the oil and gas industry, supply and demand of drilling rigs, factors affecting dayrates and the duration of contracts, factors that affect time in the shipyard, weather conditions, the future prices of oil and gas and other factors detailed in the Company’s most recent Form 10-K, Form 10-Q’s and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. SOURCE Noble Corporation http://www.noblecorp.com |
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krisluke
Supreme |
01-Aug-2011 22:14
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![]() Anyone here subscribe to this commentary? ??
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krisluke
Supreme |
01-Aug-2011 22:10
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![]() Let watch the $5.45 aka two edged sword.
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krisluke
Supreme |
01-Aug-2011 22:06
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Sembcorp ups stakes in Indian yardSingapore-based Sembcorp Marine said today it has exercised its option to increase its share in Sembmarine Kakinada (SK) to become the largest single shareholder of the proposed joint venture yard. Sembcorp, through its subsidiary Sembawang Shipyard, will increase its current 19.9% stake to 40%, while the technical management and services agreement to operate the yard will be extended from five years to 10 years. Sembcorp first entered the agreement in 2009 with Kakinda Seaports in a bid to establish a hub in India for the growing South Asian market. Sembmarine Kakinda will be located between Vishakhapatnam and Chennai port, and aims to cater to offshore drilling units and merchant vessels operating along the eastern coast of India. The facility will provide offshore services including repairs and servicing, newbuilds, riser repairs and platform and module fabrication by the end of 2012
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krisluke
Supreme |
01-Aug-2011 22:04
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Noble orders two more jackups
US rig player Noble Corporation said today it has exercised options to build two additional high-specification jackups, and is mulling a further option to order its eighth newbuild ultra deep-water drillship. The order for the jackups, with Sembcorp Marine's subsidiary Jurong Shipyard, will tally up the number of jackup units Noble has on order from the yard to six. Estimated costs for the two latest units are around $245 million per rig, said Noble. The price tag includes project management, spares and start up costs but excludes capitalized interest. Like the first four rigs, Noble will pay for the units through installments. Twenty percent of the construction price is due at contract signing, 20% due at steel cutting, and the remainder due on delivery of the rigs. The two units are due for delivery in the third and fourth quarters of 2014. The Friede & Goldman JU3000N design is an enhanced evolution of the JU2000E design. The rigs, which will be around 231 feet in length and 270 feet in breadth, will have the capability to operate in water depths up to 400 feet and drill to depths of 30,000 feet. The units will each have a seventy-five foot cantilever, 2.5 million pounds of hook load capacity, a high-capacity mud circulating system, and a 15,000 psi blowout preventer system. They will be capable of off-line pipe handling and be able to accommodate up to 150 people. In addition to the six newbuild jackup projects, Noble has seven ultra-deepwater drillships under construction, three of which are scheduled to be delivered later this year. The company also said that it is still evaluating an option it has with Hyundai Heavy Industries for the construction of an additional ultra-deepwater drillship. The option is due to expire on 31 August. Delivery of the rig would be in the second half of 2014, if Noble goes ahead with the order. |
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