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Sembmarine

4.030 liao

4.10 ai lai bo? lai lai lai quick

very soon $4.70... huat arrhhhhhhhhhhhh......hahahah!

krisluke ( Date: 05-Dec-2011 23:58) Posted:

Do notice that the LS volume is higher than the RS... ...

Should be $4.70.

The following technical analysis was taken from :

http://marketwizardsllp.blogspot.com

SembMar - Attempt To Breakout

SembMar attempts to breakout from the downtrend line today. However, the degree of penetration is not large enough to consider a successful violation yet. We shall watch and see if there is any follow up rally the next 1~2 days. If it is able to violate the downtrend line decisively, this will be the first foray toward a possible inverted head and shoulder pattern.

Warrant Strategy: Call - 4.30 - 03/02/2012 - OY1W - Macquarie Bank - SEMBCORP MARINE MBL ECW120203

Pivot: 3.65

Our preference: Long positions above 3.65 with targets @ 4.2 & 4.35 in extension.

Alternative scenario: Below 3.65 look for further downside with 3.47 & 3.25 as targets.

Comment: the RSI is bullish and calls for further upside.

Key levels
5
4.35
4.2
3.94 last
3.65
3.47
3.25

Click to view chart in actual size.

will it fall back below 3.80?

Market is weak today and prone to profit takings

SembMarine: Citi maintains Buy with $4.76 TP. House has takeaways from Meetings with Mgt. Note that Mgt was upbeat and believes the strength of the cycle remains intact despite concerns over slowing economic growth.

SMM is particularly positive on the deep-water segment and opined that recent rebound in day rates has improved prospects significantly. Possibility of a stronger-than-expected orderbook scenario in 2012 is not ruled out, underpinned by fixed platforms, FPSOs and semi-subs.

Continue to like SMM for its strong execution and growing footprint in the value chain (rigs/FPSOs/fixed platform). SMM is currently trading below mid-cycle valuations, believe growing demand for production equipment and the on-going rig replacement cycle will \continue to support sector fundamentals.

Caution is best strategy at the moment. Even with DOW's jump last night, do not be surprised to see some counters retreat still. Even if miss the boat now, be assured can fall lower than this later.

bryansng ( Date: 29-Nov-2011 07:33) Posted:

Im still waiting it to go lower before entering. Maybe im wrong, but i think the current px is yet to be deemed lowest.

tiancai007 ( Date: 28-Nov-2011 22:44) Posted:

I long this. Was very worried when the px went down to 3.67. No reason why crude oil future and general mkt up but this one only went up 2cts. BBs trying to push down the px today. Open at 3.75 but then shot down to 3.67. 20 mins b4 closing shoot up to 3.74. I think BB trying to accumulate. Tomrrow can see a gap up...

Im still waiting it to go lower before entering. Maybe im wrong, but i think the current px is yet to be deemed lowest.

tiancai007 ( Date: 28-Nov-2011 22:44) Posted:

I long this. Was very worried when the px went down to 3.67. No reason why crude oil future and general mkt up but this one only went up 2cts. BBs trying to push down the px today. Open at 3.75 but then shot down to 3.67. 20 mins b4 closing shoot up to 3.74. I think BB trying to accumulate. Tomrrow can see a gap up...

Sembcorp Marine up on higher crude futures

Shares of Singapore’s oil rig builder Sembcorp Marine (SCMN.SI) rose as much as 3.3% on Monday, boosted by hopes it could benefit from a jump in U.S. crude oil futures, traders said.

At 9:50 a.m., shares of Sembcorp Marine, the world’s second-largest rig maker, were 2.7% higher at $3.75 with more than 1 million shares changing hands.

U.S. crude futures rose more than US$1.50 ($1.96) per barrel in early Asian trade on Monday on optimism about euro zone debt after Germany and France explored radical methods of securing deeper and more rapid fiscal integration among the bloc.

Its larger rival, Keppel Corp (KPLM.SI), was 1.6% higher at $9.05.

Traders said Sembcorp Marine is outperforming Keppel in early trading on Monday as it has fallen more than the latter so far this month.

Keppel shares have fallen 4.6% since the start of November, while Sembcorp Marine has lost 11.4% in the same period.

“Rising oil prices will benefit rig builders. Moreover if concerns over the global economy and euro zone problems ease up, this will also help boost demand for oil drilling and rigs,” said a local trader.