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Sembmarine

Oil price coming down and slow down on electronic sector sales hence, it is week to watch us company"s results

krisluke      ( Date: 19-Apr-2011 21:43) Posted: O& M: DBS expects sector to post net earnings growth of 23%yoy in 1Q11 with Cosco and SMM to lead growth this quarter. Cosco (Buy TP$3.16) is expected to grow 88% on higher shipbuilding sales and margin recovery. SembMarine’s (Buy TP$6.63) growth is expected to come from high margin projects which will boost EBIT margins to 20% vs 1Q10 margins of 11.7%... House highlights impressive order wins for offshore yards amounting to $6.2b in 1Q almost meeting 2010 full year wins of $6.3b. Earnings upside is expected to come from higher order wins from KepCorp (Buy TP$14.63) and Cosco, better than expected EBIT margins and faster than expected recognition of projects secured in 4Q10… Small caps in sector likely to bottom but recovery from new deliveries likely to be capped. Ezion (Buy TP$1.09) is top pick in sub-sector with 2 new liftboats in 1Q11. Other cos covered are SembcorpInd (Buy TP$6.10), YZJ (Buy TP$2.60), CH Offshore (Hold TP$0.60), Swiber (Hold TP$0.83) and Mermaid Maritime (Hold TP$0.46)

 

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Oops!! I made a mistake on the date yesterday. EGM and AGM is schedule on wednesday from 1100hrs at jurong shipyard Tanjong kling. Any interested to attend the warming  Question and answer session with the Top management .

I think i should attend keppel corp AGM on thursday. WHY ? becos keppel corp meeting HAPPEN in the TOWN. WoW!!!

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_70CEA1FDBFD7F68F48257863002DC30B/$file/Notice-EGM.pdf?openelement

rotijai      ( Date: 18-Apr-2011 23:49) Posted: so soon? i dont think it's this week krisluke      ( Date: 18-Apr-2011 23:48) Posted: This  thursday, Sembmar will be having the EGM follows by AGM at jurong shipyard. Any here wish/ intend to attend? I would prefer to attend the keppelcorp AGM becos the environment is better and some more, it happens in the town. I think sembmar will announce the 1st Q earning report 2011 date  on this week. Or is it announced. Any here has any idea.

 

O& M: DBS expects sector to post net earnings growth of 23%yoy in 1Q11 with Cosco and SMM to lead growth this quarter. Cosco (Buy TP$3.16) is expected to grow 88% on higher shipbuilding sales and margin recovery. SembMarine’s (Buy TP$6.63) growth is expected to come from high margin projects which will boost EBIT margins to 20% vs 1Q10 margins of 11.7%...

House highlights impressive order wins for offshore yards amounting to $6.2b in 1Q almost meeting 2010 full year wins of $6.3b. Earnings upside is expected to come from higher order wins from KepCorp (Buy TP$14.63) and Cosco, better than expected EBIT margins and faster than expected recognition of projects secured in 4Q10…

Small caps in sector likely to bottom but recovery from new deliveries likely to be capped. Ezion (Buy TP$1.09) is top pick in sub-sector with 2 new liftboats in 1Q11. Other cos covered are SembcorpInd (Buy TP$6.10), YZJ (Buy TP$2.60), CH Offshore (Hold TP$0.60), Swiber (Hold TP$0.83) and Mermaid Maritime (Hold TP$0.46)

 

9 may - result

 

anyone can confirm when Semb Marine will announce 1Q result?This week?

 

master krisluke, are u looking at noble ? :P

krisluke      ( Date: 18-Apr-2011 23:23) Posted: Dj got to hold 12036 points for the rest of the shorten week.... WHY becos GOOD FRIDAY this week   Tmr ready to short, I mean commodities counters       USD gaining strength.

 

so soon? i dont think it's this week

krisluke      ( Date: 18-Apr-2011 23:48) Posted: This  thursday, Sembmar will be having the EGM follows by AGM at jurong shipyard. Any here wish/ intend to attend? I would prefer to attend the keppelcorp AGM becos the environment is better and some more, it happens in the town. I think sembmar will announce the 1st Q earning report 2011 date  on this week. Or is it announced. Any here has any idea.

 

This  thursday, Sembmar will be having the EGM follows by AGM at jurong shipyard. Any here wish/ intend to attend?

I would prefer to attend the keppelcorp AGM becos the environment is better and some more, it happens in the town.

I think sembmar will announce the 1st Q earning report 2011 date  on this week. Or is it announced. Any here has any idea.

 

 

Singapore, April 15, 2011: Sembcorp Marine wishes to announce the winding up of an inactive subsidiary, SembMarine (Middle East) Pte Ltd (SMME) with immediate effect.

SMME, a joint venture company between Sembcorp Marine and Nasser Mohammed Al-Mukairish & Partners Company, which has been inactive since its incorporation, has been placed under Members' Voluntary Liquidation. Mr Leow Quek Shiong and Mr Leong Hon Mun Peter have been appointed as liquidators for the subsidiary. Likewise, the joint venture between the parties has also been dissolved.

The voluntary liquidation of SMME does not 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, 2011.

By Order of the Board
Tan Yah Sze
Joint Company Secretary

 

Sembmar... Pls wake up and announce some attrative contract... Is for the GOOD of everyone 

 

STI is lining up to report their earnings for the next few weeks.

First to kickoff is kepland and sgx tmr, follow by kepcorp on wed....

Sembmar? Will the earning report be good for this up coming earning report session? Let's see

Some of the other macro announcements this week to take note.

Mon 18 Apr: SG Non-oil Domestic Exports (Mar)
Tue 19 Apr: US Housing Starts (Mar), US Building Permits (Mar)
Wed 20 Apr: PRC Leading Economic Index (Feb), US Existing Home Sales (Mar)
Thu 21 Apr: US Leading Indicators (Mar), US Initial Jobless Claims

 

Dj got to hold 12036 points for the rest of the shorten week.... WHY becos GOOD FRIDAY this week   Tmr ready to short, I mean commodities counters       USD gaining strength.

 

Oh no. I think sembmar just got to hold tight tight on $5.76... Today fail the $5.86 resistance and face selling pressure when europe market open.

If $5.76 fail as the support, the next support seems would be $5.68... Then $5.56 liao.

My view, Trade happily as always...

 

still edging up....price so high how to buy. Hopefully it can come down a little before ex div date.....

 

aim for 5.7 to cover !

0372341      ( Date: 18-Apr-2011 15:55) Posted: Yes, this is a gap support. I like this stock, it is one of the strongest and  steadiest  performer this year. Immediate support now should be at 5.70 followed by 5.52 like you mentioned http://pick-the-winning-stock.blogspot.com/  krisluke      ( Date: 17-Apr-2011 20:34) Posted: techincal analysis : $5.52 is a strong support, My pick is $5.56 is a good enrty price, But do keep a watch on better opportunities as well.

 

Yes, this is a gap support. I like this stock, it is one of the strongest and  steadiest  performer this year. Immediate support now should be at 5.70 followed by 5.52 like you mentioned

http://pick-the-winning-stock.blogspot.com/ 

krisluke      ( Date: 17-Apr-2011 20:34) Posted: techincal analysis : $5.52 is a strong support, My pick is $5.56 is a good enrty price, But do keep a watch on better opportunities as well.

 

5.56, good price to enter.

rotijai      ( Date: 17-Apr-2011 20:39) Posted: thanks so much for the info ! krisluke      ( Date: 17-Apr-2011 20:34) Posted: techincal analysis : $5.52 is a strong support, My pick is $5.56 is a good enrty price, But do keep a watch on better opportunities as well.

 

thanks so much for the info !

krisluke      ( Date: 17-Apr-2011 20:34) Posted: techincal analysis : $5.52 is a strong support, My pick is $5.56 is a good enrty price, But do keep a watch on better opportunities as well.

 

techincal analysis : $5.52 is a strong support,

My pick is $5.56 is a good enrty price, But do keep a watch on better opportunities as well.