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Sembmarine

yiming2000
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01-May-2012 10:13

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Rotijai - thanks for your comment. If 10 lots of Sembcorp Marine is 1%, then we are talking about $5 million to play games in the stock market without touching our condo and nest-egg.

10 lots is all I've got. I've got to make it or die. Please help.

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rotijai
Supreme

30-Apr-2012 11:45

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if really wanna trade and gain experience..

i suggest u play small, with capital of 10-20k

if just wanna invest n collect div.. just wait for market drop to a price u find it attractive and then jump in hold for a longer period (months-years)

the way u play now is like trading and 10 lots can be quite scary

*unless 10 lots if like less than 1% of ur capital (excluding the $ tat u cannot touch)

yiming2000 ( Date: 30-Apr-2012 11:11) Posted:

Dumped Sembcorp Marine at 5.08. Lost nearly $2,000. But will collect $2,000 dividend to offset this loss.

Good experience.

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yiming2000
Senior

30-Apr-2012 11:11

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Dumped Sembcorp Marine at 5.08. Lost nearly $2,000. But will collect $2,000 dividend to offset this loss.

Good experience.

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yiming2000
Senior

28-Apr-2012 04:42

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Rutheone1905 - Thanks for the advice. But I feel safe following guys like you who have a sense where the thin ice is on the frozen pond.

I have lined up a lot of reits and waiting for entry points. As for Sembcorp Marine, I bought 10,000 at 5.26 to get the $2000 dividend.

My plan was to hold it even if it sinks below 5.06 and wipe out the dividends because this is a good stock.

Now that it is at 5.10 and I'm almost wiped out, I'm having a change of heart and want to bail out next Monday (April 30). I will take this as a lesson and fight another day. The Euro crisis is too close for comfort with Spain acting up and the Sarkozy as well as the Greek elections all set to drive the market downwards. A perfect storm could sink Sembcorp Marine back down to 3.76.

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rutheone1905
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27-Apr-2012 11:12

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My personal experience, if u r new u can buy blue chips with good dividends n hold to collect dividend. Some reits are really good.

The trend now, becos of crisis come more frequently, ppl buy n sell very frequently. However alot of ppl really dont know what they are doing n lost alot of $$$.

You must play shares using softwares and formula and NOT base on forum, research firm(follow them u lost big time), frenz insider info etc.

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yiming2000
Senior

27-Apr-2012 10:47

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I can hold. I thought I could buy to collect dividend. Looks like everyone has the same idea and has dumped stock after ex-date.

Is this how it works? I am a newbie.

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muffin
Member

26-Apr-2012 16:23

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If can hold than it is possible.

Worst case= Collect dividend 10years..how about that? Smiley

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yiming2000
Senior

26-Apr-2012 12:18

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Hey Muffin, I hope The Edge is right. I bought this stock at 5.32 and it's been falling.

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muffin
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26-Apr-2012 10:34

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Sembcorp Marine ($5.33) — Consolidating gains

WRITTEN BY THE EDGE

MONDAY, 23 APRIL 2012 10:50

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muffin
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25-Apr-2012 17:48

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Congratulation to all Keppel and Semcorp Marine shareholders....although XD both keppel and sembcorp run back up quite substantially. Smiley

Watch out for tomolo...i guess will have a few more run up for both counters. Keeping my finger cross!

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krisluke
Supreme

18-Apr-2012 23:49

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The rally yesterday managed to surpass 104.50 invalidating any intraday bearishness we were anticipating. Price now is heading towards an important swing high and horizontal resistance around 105.00 in addition to the descending trend line of the declining channel shown on image. Meanwhile, stochastic has entered overbought territory thus we still see a potential for downside pullback today.

The trading range for today is expected among the major support at 100.70 and the major resistance at 105.50.

The short-trend trend is to the upside with steady daily closing above 99.60, targeting 116.50.

Support: 104.20, 103.90, 103.35, 102.75, 102.00
Resistance: 105.00, 105.50, 10620, 107.00, 107.70

Recommendation Based on the charts and explanations above our opinion is selling crude around 105.50 targeting 104.5 and 103.50. Stop loss above 106.25 might be appropriate.

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krisluke
Supreme

18-Apr-2012 23:33

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DJ MARKET TALK: CIMB Ramps Up Ex-Brazil Rig-Order Forecasts

18 Apr 2012 1:42pm

0543 GMT [Dow Jones]

STOCK CALL: It's not all about Brazil, CIMB says, turning more aggressive on FY12-14 order expectations for Keppel (BN4.SG) and SembMarine (S51.SG) after breakthrough discoveries in the North Sea continental, pre-salt discoveries in West Africa and the Gulf of Mexico's catch-up on permit issues.

" We expect orders in this cycle to be dominated by a more diversified mix of harsh-environment products that command higher values, ranging from accommodation rigs (US$300 million/unit) to heavy-duty and high-spec jack-ups (from US$450 million unit)." It notes Singapore yards' orders over the past decade were mainly benign-environment jack-ups, at US$150 million-US$200 million each, and semi-subs, at US$550 million/unit.

CIMB upgrades Keppel and SembMarine FY12-14 order expectations by 13%-57%, for about S$4.5 billion-S$5.5 billion a year. It keeps the O& M sector at Overweight. Among big caps, it tips Singapore rig-builders over Chinese shipbuilders, with Ezion (5ME.SG) remaining its top small/mid sector pick. It raises SembMarine's target to S$6.50 from S$6.32, raises Keppel's to S$15.10 from S$13.70 and keeps Ezion's at S$1.11, rating all three Outperform.

(leslie.shaffer@dowjones.com)

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krisluke
Supreme

18-Apr-2012 23:30

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Sembcorp Marine ST: bullish bias above 5.1.

2012-04-18 07:04:00

Update on supports and resistances.

Pivot: 5.1

Our preference: Long positions above 5.1 with targets @ 5.65 & 5.85 in extension.

Alternative scenario: Below 5.1 look for further downside with 4.95 & 4.85 as targets.

Comment: the RSI broke above a bearish trend line.

Key levels
6
5.85
5.65
5.36 last
5.1
4.95
4.85

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krisluke
Supreme

11-Apr-2012 18:46

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STOCKS NEWS SINGAPORE-UBS ups target, new orders for Sembcorp Marine

UBS Investment Research raised its target price on Sembcorp Marine Ltd, the world's second-largest rig builder, to S$6.15 from S$4.50 and maintained its buy rating.

Sembcorp Marine shares ended 0.8 percent lower at S$5.14, having risen 34 percent so far this year.

UBS said positive data, such as day rates, enquiry levels and tendering activity, signal stronger-than-expected order wins in 2012.

" 2012 looks likely to be a strong contracting year for Sembcorp Marine and accordingly we raise our estimate of new orders from S$3.3 billion to S$5 billion ($4 billion)," analyst Cheryl Lee said in a report.

This excludes orders from Brazilian oil rig company Sete Brasil, which are likely to be imminent and should add a further $4 billion to the order book, UBS said.

While UBS does not see a return of margins before the 2008 global financial crisis, the extent to which new competitors can take market share away from Sembcorp Marine is limited by issues such as impact of late delivery and rig downtime.

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krisluke
Supreme

06-Apr-2012 19:50

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The analysis report was alway sweeter for keppel corp than sembcorp marine as in ocbc case.

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krisluke
Supreme

06-Apr-2012 19:32

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Sembcorp Marine: Order backlog rising with another jackup contract (BUY, S$5.23, TP
S$6.00) - Flash
Jason Saw (6232 3871, jason.saw@sg.oskgroup.com)
Strong order momentum maintain BUY. Sembcorp Marine (SMM)’s subsidiary PPL Shipyard has secured a new US$218.5m contract from Gulf Drilling International to build a Pacific Class 400 jackup rig. The rig is expected to be completed in 1Q2013. New orders secured YTD has reached S$2.7b (including S$1b from Sete) and outstanding order book is now S$7.8b. The price of a Pacific Class 400 jackup rig has increased from around US$180-185m in 1Q11 to around US$210- 215m now, and we believe the price increase will be positive for margins. Maintain BUY on SMM with an unchanged TP of S$6.00. The stock is now trading at 17x FY12 P/E and 15x FY13F P/E. Jackup rigs still drawing interest from buyers. The unit is the second jackup rig secured by SMM this year. The first unit was secured from Safin in Jan 2012. Keppel has also recently secured one newbuild jackup for Perforadora Central. We continue to see interest in newbuild jackup rigs
and believe this is driven by higher charter rates and strong utilisation for newer rigs. Daily charter rates for premium jackup rigs like the KFELS B Class and Pacific Class are now ranging between US$140,000 to US$155,000 per day.

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krisluke
Supreme

06-Apr-2012 19:26

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Sembcorp Marine: Secures US$218.5m jack-up order
Sembcorp Marine (SMM) announced that PPL Shipyard has secured a US$218.5m contract to build a jack-up rig for Gulf Drilling International. The unit will come with accommodation for 150 persons, and be able to operate in water depths of up to 400ft and drill to a depth of up to 30,000ft. The rig is scheduled for delivery in 1Q13, and will be built based on PPL's Pacific Class 400 design. We note that Gulf Drilling had earlier ordered two KFELS B Class Bigfoot jack-ups from Keppel in May last year for US$393m which will be delivered in 3Q13 and 3Q14. The short delivery time for this latest rig by SMM should mean that construction of the rig has been underway. Besides semi-sub orders, jack-up work is still streaming in, attesting to the positive outlook of the industry. Meanwhile, SMM has clinched about S$2.7b worth of new orders this year, accounting for 31% of our S$8.7b full-year estimate (inclusive of Petrobras orders). Maintain HOLD with S$5.70 fair value estimate. (Low Pei Han)

CIMB Research raised its price target on Sembcorp Marine , the world’s second-largest rig builder, to $6.32 from $6.28 and maintained its outperform rating.

On Thursday, Sembcorp said its PPL Shipyard unit secured a $218.5 million contract to build a jack-up rig.

Sembcorp’s spare capacity had helped the yard to clinch the rig contract, which offers superior margins, CIMB said, adding that Sembcorp still had capacity for one or two more projects for 2013 delivery.

“We increase our non-Petrobras contract assumption to $2.5 billion from $2 billion in view of the recent rush in orders,” CIMB said in a report.

“We are expecting further frenzy in rig ordering in the next few months, especially for harsh-environment equipment and ultra-deepwater drilling rigs, which will benefit the builders.”

Sembcorp’s shares were flat at $5.2, while shares in rival Keppel Corp , the world’s largest rig builder, were also little changed. Sembcorp’s shares have gained 37% so far this year, while Keppel is up 17%.

Stock Name: SembMar
Company Name: SEMBCORP MARINE LTD

Research House: CIMB

Price Call: BUY

Target Price: 6.28

Target S$6.28

After a lull of more than two years, the semi-sub drilling rig trend could be revived as Seadrill led the market by placing a US$568m order with SembMarine. We believe all it takes is for one or two drillers to start placing orders before the rest follow suit.

Source: CIMB Daybreak - 03 April 2012, Full PDF Report

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krisluke
Supreme

03-Apr-2012 19:10

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Sembcorp Marine's Jurong Shipyard secures a US$568 million contract to build a harsh-environment ultra-deepwater

Tuesday, Apr 03, 2012

Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$568 million contract to build a harsh-environment ultra-deepwater semi-submersible rig from North Atlantic Drilling Limited, a 74 percent owned subsidiary of Seadrill Limited (“Seadrill”).

The new rig will be constructed based on the Moss Maritime CS60 design – an enhancement of the Moss Maritime CS50E MKII harsh-environment ultra-deepwater semi-submersible rigs West Pegasus and West Leo which were delivered by Jurong Shipyard to Seadrill in March 2011 and January 2012 respectively. Delivery is scheduled no later than the first quarter of 2015.

This new ultra-deepwater harsh-environment semi-submersible rig will be built for a water depth rating of 10,000 feet with a maximum drilling depth of 40,000 feet. It will be an N-Class compliant 6th generation rig capable of maintaining position dynamically in deepwater and with thruster assisted mooring in shallow water in the North Sea and the Barents Sea. The rig is also engineered and winterized to carry out year-round drilling operations in such areas.

Mr Don Lee, Jurong Shipyard’s Senior General Manager of Offshore Division, said: “We are very pleased to partner with North Atlantic Drilling in their drive to be the leading harsh-environment drilling company with high-quality premium drilling rigs. This Moss Maritime harsh-environment ultra-deepwater CS60 rig is an enhancement of the two Moss Maritime CS50E rigs that Jurong Shipyard recently delivered to Seadrill. In addition, we have successfully delivered to Seadrill four units of turnkey ExD Friede & Goldman Millennium Class ultra-deepwater semi-submersible rigs and a Gusto MSC CJ70 harsh-environment jack-up rig."

“With offshore drilling moving towards deeper waters and harsher environments, we are confident of leveraging on these emerging opportunities with our proven track record in the building of high-specification ultra-deepwater rigs. We are fully committed to the timely delivery of this Moss Maritime CS60 harsh-environment semi-submersible entrusted to us while meeting stringent quality, safety, health and environmental standards. We will continue to build on this strong partnership to achieve win-win synergy going forward.”

Mr Alf C. Thorkildsen, Chief Executive Officer in North Atlantic Management AS and Chairman of the Board of North Atlantic Drilling Ltd, said: “We are pleased to have entered into this arrangement with our proven and trusted partner Jurong Shipyard to grow our fleet of harsh-environment rigs. The combination of historical high oil prices and significant exploration successes for our customers in mature as well as frontier areas has increased the demand for quality high specification rigs. This environment has created a dynamic investment opportunity for our company to grow its activities and create further value for its shareholders.”

The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2012.

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krisluke
Supreme

03-Apr-2012 19:06

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SMM: officially announced that it secured a US$568m contract to build a harsh-environment ultra-deepwater semi-sub rig from North Atlantic Drilling, a 74%-owned subsidiary of Seadrill. Delivery is scheduled for 1Q15. The rig is capable of operating at a water depth rating of 10k ft with a max drilling depth of 40k ft.

This isn’t new news, as analysts had already talked about this order last wk, with the difference between the previously reported contract value of US$650m vs actual value of US$568m, due to exclusion of the value of the rig’s drilling pack.
Nevertheless, the pricing is still significantly better than the US$450-500m for typical semisubs, and reflective of the higher specs of the vessel.

Ytd, SMM has secured 4 contracts (1 jackup, 2 semis, 1 drillship) worth a combined $2.45b. Therefore at this yr’s 1Q mark, SMM has already secured 66% of last yr’s total order wins of $3.7b.

KE Research believes that the overall pricing environment has picked up. The house maintains at Buy with a recently upgraded TP of $6.21.

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lowchia
Veteran

01-Apr-2012 17:14

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On Friday, Sembmar re-test the support at $5.15 and closed at $5.28 with LOW volume of 7.59 million shares traded.

During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candle. During the past 50 bars, there have been 20 white candles and 23 black candles for a net of 3 black candles.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Sembmar: $5.43

Immediate Support of Sembmar: $5.15

Currently prices are supported by 50 days MA at $5.15.

Since 6/Feb, ............. READ MORE

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