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haha..
jackjames ( Date: 19-Mar-2009 11:17) Posted:
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not again please... they are cash rich, isn't it ?
limkt009 ( Date: 19-Mar-2009 11:15) Posted:
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Rights issue???
i tink bad news ba since it dw abit today.. maybe gt insider info
halt trading????
any news about this?
What's up? Tis one got lots of cash one what.
for chart lover...
solid move with solid dividends..
SINGAPORE: Conglomerate Sembcorp Industries' full-year net profit fell 3.6 per cent to S$507 million.
This was due mainly to lower contributions from its overseas units and weaker foreign currencies against the Singapore dollar.
Revenue for 2008 rose 15 per cent to S$9.9 billion.
In the fourth quarter, Sembcorp's net profits fell 33.6 per cent to some S$101 million.
This was largely because of an exceptional loss booked by its marine unit to cover unauthorised forex transactions by a finance director from the marine division in late 2007.
Sembcorp said it intends to recover the amount from Societe Generale, maintaining its position that the transactions were not valid.
Revenue for the three months ended December rose 6.6 per cent to S$2.7 billion.
Sembcorp's utilities division saw lower net profit contribution, thanks to the weakening of the British pound, and tighter margins from its United Kingdom market.
Group president and CEO of Sembcorp Industries, Tang Kin Fei, said: "Both our utilities and marine business had grown well. The utilities business increased its revenue by 20 per cent because of higher HSFO price. And our marine business had done very well, increasing revenue by 12 per cent."
Its marine arm added the most to the firm's profitability, contributing some S$291 million in profit, up 32 per cent from last year. This was a result of higher rig building margins, though they were offset by the weaker performance of Sembcorp's Cosco Shipyard Group.
For the year ahead, Sembcorp said business conditions will not be easy, with the global economic slowdown and tightening credit markets.
But it believes it can weather the difficult times through cost management and productivity improvements.
Mr Tang said: "Sembcorp's business strategy is to focus on businesses that give us stable and recurring income. This has served us well in the boom years, as well as in this difficult period. Our businesses are resilient."
Backed by healthy operating cash flows, Sembcorp said it is well-placed to capitalise on opportunities that may arise.
The firm is proposing a final dividend of 11 cents for the year.
The past 2 days gap ups worry me...
Gaps must be filled and recently, they tend to fill up quite quickly.
Might be a case of "Buy on Rumours, sell on news"
Good result.... loaded at 1.99 
results is out. DIV 11 cents tax-exempt. AGM 20 Apr ,Book closure 27 Apr, Payment 8 May
extracted from report in sgx website:
FY2009 Outlook
The global economic and financial environment is expected to remain very challenging for the rest of the year.
Contribution of our overseas companies may be affected by currency movements when their
profits are translated into Singapore dollars.
With a focus on cost management, productivity improvements and operational excellence,
Sembcorp remains committed to proactive and prudent management of its existing businesses
and should be able to weather the difficult times ahead.
Backed by healthy operating cash flows and a sound balance sheet, Sembcorp is also well-placed to capitalise on opportunities that may arise.
Highlights from Sembcorp’s FY2008 Financial Results
• Turnover of S$9.9 billion, up 15%
• PBT of S$906 million, up 11%
• PATMI of S$507 million, up 6% excl. tax write-back of S$48 million
• ROE at 18%
• EVA at S$511 million, up 22%
• Strong balance sheet and cash flow
- Net cash
- Operating cash flow of S$1.0 billion
• Proposing final tax exempt one-tier dividend of 11.0 cents per ordinary share
DATE OF RELEASE FOR SEMBCORP INDUSTRIES’ FULL YEAR 2008 FINANCIAL RESULTS
Singapore, February 11, 2009 – Sembcorp Industries wishes to announce that the Full Year 2008 financial results will be released on Thursday, February 26, 2009 after trading hours.
Singapore, February 11, 2009 – Sembcorp Industries wishes to announce that the Full Year 2008 financial results will be released on Thursday, February 26, 2009 after trading hours.
vested 2.19 today...
Besides it 62% stake in SembMar, the other part of SCI's is its Utilities business.
As of 3Q08, the revenue from the Utilities (S$3.494B) and Marine (S$3.444B) sectors are about equal and PATMI of S$170m and S$220 respectively.
AK_Francis ( Date: 02-Dec-2008 02:32) Posted:
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It got 58.4% in rig building, offshore n conversion 23.3%, repair 16.6% shipbuilding 0.1% n others 1.6%.
Now, marine fears of cancellation of order of building new ships or rigs. Ships owner rather to
prolong life of ships for maintenace n repair. Henceforth, ship building will be kena hit n ship maintenace agencies will get boost.
Stay away from ship n rigs building could be a much viable tot. AK view only.
raymondl ( Date: 01-Dec-2008 15:26) Posted:
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Does anyone know what happen to this counter? Need advice...
Allrite OK ooopp sorry I mean AK! Sell into strength. In time like this, no news means good news! Cheers!
Good new was rebound started. Bad new was i hv no more bullet and all my soldier injury badly , hopefully can recover back asap !
All blue chips up mah???. Do u believe STI will chiong all the ways????
over the weekends, u will see profit taking, under such buoyant markets.
u will pick up some kopi money, if u alert enough, today.
Hi,
Anyone knows why today up 30 cts, any good news?
Thks a lot for those constructive & valuable comments.