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Sembmarine
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krisluke
Supreme |
18-Jul-2011 22:51
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Resistance to watch $5.38 Short term support $5.29/30 Support $5.23  crude oil dipped 2 percents liao... ...
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krisluke
Supreme |
16-Jul-2011 13:10
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2008 = estimate market price around $1.30 [error] 2009 instead of 2008... .... In addition, the company's share option scheme provides the opportunity for employees to participate in the ownership of the company. Qns ? ? ? monthly buy in at affordable lot, says 10% of the basic salary OR, warrant strike price date till maturity? ?? ANS : I prefer monthly buy in becos there will be constantly pump in of fresh cash into the equity thus making the stock less volatile. Warrant maturity will result in volatile swing of the price.
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krisluke
Supreme |
16-Jul-2011 13:03
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And they must be in an super WELL PAID CAREER 
1 lot multiply by $5.xx = $ five thousands ++ dollars liao... .... Well, any sj blogger from sembmar still holding sembmar at penny times? ??? WOW!! !! RICH becomes RICHER liao
2001 = estimate market price less than $1.00 2007 = Estimated market price $6.xx 2008 = estimate market price around $1.30 2011 = estimated market price $6.00 So, within 10 years, with 2 trade in between, easily holding up to 100 lots liao.
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krisluke
Supreme |
16-Jul-2011 12:56
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BUT.... .... It also provided an opportunities to constantly profit from those scheme.... WHY ? ??? I knew there will alway be demand from another parties wanted to exercise the shares Some extracts from their homepage... .... In addition, the company's share option scheme provides the opportunity for employees to participate in the ownership of the company. |
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krisluke
Supreme |
16-Jul-2011 07:43
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Anyone has a bad romance with sembmar OR lady gaga ? ?? |
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krisluke
Supreme |
16-Jul-2011 00:04
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Local house target price. DMG: $6.30, Buy Kim Eng: $6.66, Buy Lim and Tan: no target price, maintain Buy CIMB indepth Comments Catching up. This could mark the end of the order drought for SMM after a quiet 2Q11 with the last rig contract (US$428m) secured in March from Noble. YTD orders have reached S$2.1bn (42% of our S$5bn target) with options for eight jack-up rigs worth about S$2bn.There are more. Enquiries for platforms remain high in the market and the current platform contract is in addition to a US$1bn topside PTTEP contract which SMM is still in the running for with Saipem (refer to our report dated 3 May 11). Statoil has also indicated that it is likely to contract up to six Cat-D semi-subs in the next 12 months after ordering the first four rigs from Songa Offshore recently (to be built by Daewoo Shipbuilding at US$565m per rig). We believe the remaining two (estimated at US$1bn in total) could be awarded to Sembmarine by end-2011 as it is one of the qualifying yards against DSME.Still hopeful on Brazil. Although Petrobras’s capex plans for its remaining 21 drillships have changed from pure ownership to chartering from drilling contractors, their local-content requirement is unchanged and SMM remains one of the final bidders along with Keppel Corp. We continue to expect an award of these drillships by end-2011/early 2012. |
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krisluke
Supreme |
15-Jul-2011 23:53
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3 local brokerage house, namely cimb, iocbc and dbsv submitted their analysis (FA) on sembmar today.... Anyone here has coverage from credit sussie and dmg. Please post in this thread... APPRECIATED :)) Sembcorp Marine: LOI to build S$600m platform becomes effective Summary: Sembcorp Marine (SMM) announced yesterday that its wholly-owned subsidiary SMOE has secured a contract close to S$600m from PTTEP International for the engineering, procurement, construction, transportation, installation, offshore hook-up and commissioning of an integrated Processing and Living Quarters platform. According to Upstream, SMOE and Saipem had earlier been awarded a letter of intent (LOI) for this large central processing platform, in which platform fabrication work is expected to take place in SMOE’s Batam facility and Saipem’s Karimun yard in Indonesia. The platform will be installed at a water depth of 150m in Block M9 in offshore Myanmar, and construction is expected to start in Oct 2011 with offshore completion in Nov 2013. We will be obtaining more details on the split of work between SMOE and Saipem, but assuming a 50-50 split, this would boost SMM’s new order wins to about S$1.8b YTD, forming 40% of our full year estimate. Maintain BUY with S$6.30 fair value estimate. (iocbc) dbsv> > > SembCorp Marine has secured contract worth US$600m for an integrated processing and living quarters platform from PTTEP International. The contract value is bigger than expected, and will boost YTD order wins / outstanding order backlog to around S$2.1bn/S$5.8bn respectively, with book-to-bill of 1.5x. No change to numbers, TP of S$6.63 and BUY recommendation. cimb> > > Sembcorp Marine. Order drought is finally over for Sembmarine as it clinched a S$600m contract from PTTEP International, Yangon. This could mark the end of order drought for Sembmarine after a quiet 2Q11 as order wins climbed to S$2.1bn (42% of our S$5bn target) with unexercised options of about S$2bn. Enquiries and order pipeline for production platforms are strong including a potential US$1bn contract from PTTEP. Maintain OUTPERFORM TP S$6.80.
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krisluke
Supreme |
15-Jul-2011 23:45
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Price (14 Jul 11) S$5.20
Target price S$6.20 SembCorp Marine (SCMN.SI) Alert: S$600m Platform Order Win SMM announced that its subsidiary, SMOE, has secured a S$600m contract for an Integrated Processing and Living Quarters Platform from PTTEP International Ltd. Apart from engineering, procurement and construction work, SMM will also be responsible for the transportation, installation and commissioning of the platform in offshore Myanmar. Construction on the unit is expected to commence in Oct 11 and is scheduled for completion in Nov 13.
This contract win lifts ytd order wins to S$2.2bn (42% of our full-year expectations) and should be welcome by investors, considering the lack of contract newsflow emerging from SMM over the past quarter. Exposure to fixed platforms enhances SMM’s orderbook prospects and is one differentiating factors between SMM and KEP. We note, however, that margins for fixed platforms are generally lower. At this phase of the cycle, we believe fixed platforms will gradually contribute a much larger portion to SMM’s orderbook as compared to 2004-08 cycle. Our 2011E estimates are above consensus by 13%. SMM could rerate higher with the return in orderbook momentum. In our view, a stronger valuation re-rating will occur when SMM penetrates the drillship market and narrows the product gap with the larger Korean yards. |
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krisluke
Supreme |
15-Jul-2011 23:42
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PTTEP pens Sembcorp platform orderThailand's PTTEP has spent close to $500 million on a single platform at Singaporean yard group Sembcorp Marine. The company has ordered the integrated production and accommodation unit at Sembcorp's subsidiary SMOE, Sembcorp wrote in a statement today. PTTEP is splashing out close to S$600 million ($492.94 million) on the unit which is destined for work off Myanmar. SMOE will begin work on the platform in October this year with delivery slated for November 2013. " The new platform, featuring a 15,000 metric tonnes topside integrated with a 128-man living quarters module, jacket with piles of approximately 20,000 metric tonnes and a 100 metre flare boom, is bridged linked to a wellhead platform," Sembcorp wrote. When delivered it will be put to work on PTTEP's Block M9 in the Andaman Sea off Myanmar in water depths of 150 metres. There is no mention of any optional contracts in Sembcorp's release.
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krisluke
Supreme |
15-Jul-2011 23:36
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krisluke
Supreme |
15-Jul-2011 23:22
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RTTNews) – The Singapore stock market has finished higher now in back-to-back sessions, climbing more than a dozen points or 0.4 percent in that span. The Straits Times Index remained just below the 3,090-point plateau, and now investors are bracing for mild selling pressure when the market opens on Friday.
The global forecast for the Asian markets suggests consolidation on renewed concerns over the economy and the debt limit in the United States. Technology stocks are expected to see continued pressure, along with steel companies and airlines. The European and U.S. markets finished firmly in the red, and the Asian markets are expected to follow that lead. The STI finished flat on Thursday as gains from the plantation stocks were wiped out by losses from the properties and industrials. For the day, the index added 0.28 points or 0.01 percent to finish at 3,088.70 after trading between 3,078.57 and 3,101.98 on volume of 1.09 billion shares. There were 288 decliners and 169 gainers. Among the actives, Singapore Airlines added 0.28 percent, Global Logistic Properties gained 0.8 percent, Golden Agri-Resources collected 0.7 percent and Wilmar International jumped 1.1 percent, while Keppel Corp eased 0.28 percent, City Developments shed 0.8 percent, CapitaLand fell 0.7 percent, CapitaMalls Asia retreated 0.3 percent, Noble Group dropped 1.1 percent and Olam International was down 0.8 percent. The lead from Wall Street is fairly negative as stocks moved mostly lower on Thursday after failing to sustain an early upward move. The downturn came amid uncertainty about raising the debt limit as well as a fresh round of testimony from Federal Reserve Chairman Ben Bernanke. While comments from Bernanke contributed to the markets’ strength on Wednesday, the Fed Chief sought to clarify his remarks in testimony before Senate Banking Committee. Bernanke reiterated that the Fed is willing to deploy additional stimulus if conditions warrant, but he suggested that the central bank is not likely to take action in any time in the near future. “The situation is more complex,” Bernanke said. “Inflation is higher…We are uncertain about the near-term developments in the economy…We are not prepared at this point to take further action.” Traders also continued to express uncertainty about whether Democrats and Republicans can reach an agreement on raising the debt limit in order to avoid a default by the U.S. government. Amid the concerns about the debt limit debate, Moody’s has placed its “AAA” debt rating on the U.S. under review for a possible downgrade. |
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krisluke
Supreme |
15-Jul-2011 23:16
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Currently, the price action was resisted by bollinger band mid band which was $5.28.
Sembmar will require to clear $5.28 in order to see more upside... ... |
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krisluke
Supreme |
15-Jul-2011 23:06
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SembMarine: Could see some positive sentiment, after Co. secured an offshore contract worth close to $600m for construction of an integrated processing and living qtrs platform. Customer is a Myanmar subsidiary of Thailand's PTTEP. Construction will commence in Oct11 and completion should take place by Nov13. We note that while SMM's rig-building mkt has been relatively quiet over the past two mths in the current economic climate, gr[ continues to engage customers, resulting in specialised high-value contracts such as this, and Ytd grp has secured $2.18b worth of orders (42% of Citi’s FY11 estimates) and orderbook currently stands at an estimated $5.5b, underpinning earnings till 2013-14. Citi, RBS and Kim Eng maintain Buy recommendation and TP of $6.20, $7.00 and $6.66 respectively. |
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krisluke
Supreme |
15-Jul-2011 04:42
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Keppel Corp (BUY Target Price: S$13.00) Sembcorp Marine (BUY Target Price: S$6.30) Assuming China’s urbanisation strategy remains on track, we estimate that China may become the largest driver of oil prices over the decade, and we would increasingly look to the country’s forecasted economic growth for signals in the oil price. However, the influence of speculators in the oil market has increased over the years, and volatility in oil prices may be increasingly prevalent in the future. Despite this, we believe that oil prices are likely to remain above US$75/bbl which should sustain most capital expenditure in the sector, supposing the developed economies continue their fragile economic recoveries and China’s growth remains on track. We maintain our Overweight rating in the offshore oil and gas sector given its solid long-term fundamentals. Under our sector coverage, Keppel Corporation and Sembcorp Marine remain as our preferred picks. OCBC Investment Research |
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krisluke
Supreme |
15-Jul-2011 04:32
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$5.23 or $5.30.. ...
My pick is $5.23 as the immediate resistance turn support FOR $5.30
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krisluke
Supreme |
14-Jul-2011 23:34
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Sembcorp Marine lands $600 million deal for energy platform SEMBCORP Marine has landed a $600 million contract to build an offshore energy platform - one of the biggest single deals won by a local marine company.
The huge deal brought Sembcorp Marine's net order book to $5.82 billion, including $2.09 billion of new orders from this year. The new job was secured by Sembcorp unit SMOE, which specialises in building oil production platforms containing staff living quarters. It is SMOE's largest deal. It will be built in Singapore for the Yangon branch of PTTEP International, a Bangkok-based oil and gas producer, and installed at a depth of 150m in the Andaman Sea, off Myanmar. It will have living quarters for 128 men. Construction should start in October, with its completion, including installation, to be by November 2013.
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krisluke
Supreme |
14-Jul-2011 23:16
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lowchia
Veteran |
14-Jul-2011 22:35
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On Thursday, Sembmar re-test the critical support at $5.15 and closed at $5.20 with LOW volume of 1.77 million shares traded. A black candle stick with long lower shadow similar to a hammer affirms that the support at $5.15 remains intact and investors are buying on dip. Both RSI & MACD are bearish as RSI trend downwards. Important Resistance of Sembmar: $5.30 Immediate Support of Sembmar: $5.15 Currently prices are resisted by 20 days MA at $5.30. For the past 3 trading sessions.................... READ MORE |
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rotijai
Supreme |
14-Jul-2011 18:31
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master krisluke.. finally semb mar secured contracts :)
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catalyst
Senior |
12-Jul-2011 13:51
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Personally, I would wait to see 5.05 and go in. Coincidentally, it will be near the 200dMA. Should rebound off convincingly from that level. |
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