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5.90
| Sembcorp started at Buy; $5.90 target |
| WRITTEN BY THE EDGE |
| THURSDAY, 16 DECEMBER 2010 10:38 |
BNP Paribas starts Sembcorp Industries (U96.SG) at Buy with a $5.90 sum-of-the-parts target price.
Expects the stock's performance to be driven by its unit SembMarine (S51.SG), which historically has a 90% price correlation with oil prices.
Says orders for SembMarine are likely to increase to $3.3 billion next year from the $1.25 billion trough in 2009, driven by a rig replacement cycle and better returns from its high-specification rigs. Adds Sembcorp's core utilities business and its defensive energy arm are complemented by its offshore and marine unit.
"We expect the impending capacity expansion for both the energy and water businesses to be completed by 2012-2013, which should help create a more balanced growth profile for the group, with the extended reach potentially creating synergies between its energy, environment and industrial park operations."
The shares are +1.0% at $5.00. /theedgesingapore/
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From 5.20
to 5.01
Disappointed......
Singapore shares ended lower Friday, tracking other regional markets and with investors booking profits on gains made earlier this week.
The benchmark 30-share Straits Times Index closed down 0.8%, or 24.78 points, at 3,185.42, falling below the psychologically important 3,200 level after spending two days above the mark. Still, the 30-STI ended the week up 0.4%.
Volume was lower at 1.18 billion shares compared with 1.51 billion shares Thursday. Losers outnumbered gainers 311 to 148.
“Penny stocks were in favor. This is usually the case when people are short on ideas,” a trader at a foreign brokerage said.
Most of the stocks that saw bigger declines Friday were those that had outperformed the market recently.
Sembcorp Industries fell 2.3% to $5.01, the biggest loser among index stocks . City Developments fell 1.2% to $12.80, giving up some of its recent gains.
Commodities stocks declined. Palm planter Golden Agri-Resources fell 2.5% to $0.770 while supply chain manager Noble Group declined 1.9% to $2.12 while rival Olam International shed 1.9% to $3.10.
Hmm...... corrected 
SembCorp breakout from its ascending triangle a few days ago, will it continue its bull run???
see my analysis on SembCorp
Abt company business.
Sembcorp video
Sembcorp Industries Ltd announced that the acquisition of The China Water Company Limited was complete yesterday. 3,630,192 new shares are to be issued by Sembcorp to Waterloo Industrial Limited as consideration for the acquisition. Following the issue of the New Shares the number of issued and paid up shares of Sembcorp has increased from 1,784,717,198 to 1,788,347,390.
Still can hold
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Semb Corp |
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3.86 |
15000 |
$ 57,900.00 |
$ 4.80 |
$ 72,000.00 |
$ 14,100.00 |
des_khor ( Date: 23-Nov-2010 12:46) Posted:
This MFT super man !! can see the future.... The God jobless liao...
Juzztrade ( Date: 26-May-2010 23:20) Posted:
Sembcorp Industries
May 25 close: $3.85
DMG & PARTNERS SECURITIES, May 25
SEMBCORP Industries (SCI) announced that its wholly owned subsidiary, SembCorp Utilities, has entered into a joint venture (JV) agreement with Gayatri Energy Venture (GEVL) to invest in a 49 per cent stake in Thermal Powertech Corporation India (TPCL) for $319 million. The deal is expected to take place in mid-2010 and the plant will be ready in mid-2013.
We reiterate our 'buy' rating on the stock with sum-of-the-parts-derived target price of $4.63.
No changes to our FY10-11F earnings per share (EPS) forecasts as the plant will only begin operations by end-2013. Share price now trades at 10.5 times FY10 price-to- earnings (P/E) and offers 4 per cent dividend yield.
We view the move positively:
(1) the new plant will raise SCI's total power capacity to more than 5,000MW. (2) Its investment in India will open up a new high-growth market as the power sector in India is expected to grow 9 per cent per annum over the next 10 years. (3) We understand that the project will yield mid-teen internal rate of return and estimate the Indian project to add $0.10 per share to our fair value.
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This MFT super man !! can see the future.... The God jobless liao...
Juzztrade ( Date: 26-May-2010 23:20) Posted:
Sembcorp Industries
May 25 close: $3.85
DMG & PARTNERS SECURITIES, May 25
SEMBCORP Industries (SCI) announced that its wholly owned subsidiary, SembCorp Utilities, has entered into a joint venture (JV) agreement with Gayatri Energy Venture (GEVL) to invest in a 49 per cent stake in Thermal Powertech Corporation India (TPCL) for $319 million. The deal is expected to take place in mid-2010 and the plant will be ready in mid-2013.
We reiterate our 'buy' rating on the stock with sum-of-the-parts-derived target price of $4.63.
No changes to our FY10-11F earnings per share (EPS) forecasts as the plant will only begin operations by end-2013. Share price now trades at 10.5 times FY10 price-to- earnings (P/E) and offers 4 per cent dividend yield.
We view the move positively:
(1) the new plant will raise SCI's total power capacity to more than 5,000MW. (2) Its investment in India will open up a new high-growth market as the power sector in India is expected to grow 9 per cent per annum over the next 10 years. (3) We understand that the project will yield mid-teen internal rate of return and estimate the Indian project to add $0.10 per share to our fair value.
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Sembcorp Industries Ltd refers to the announcement by the Company dated 22 October 2010 relating to the increase in the Company’s effective stake in The China Water Company Limited as well as the 3,630,192 new shares to be issued by the Company to Waterloo Industrial Limited as consideration for the Acquisition. The Company is pleased to announce that it has received the in-principle approval of the SGX-ST for the listing and quotation of the New Shares on the official list of the SGX-ST.
/ps
/i came i read i posted...
Sembcorp Industries
May 25 close: $3.85
DMG & PARTNERS SECURITIES, May 25
SEMBCORP Industries (SCI) announced that its wholly owned subsidiary, SembCorp Utilities, has entered into a joint venture (JV) agreement with Gayatri Energy Venture (GEVL) to invest in a 49 per cent stake in Thermal Powertech Corporation India (TPCL) for $319 million. The deal is expected to take place in mid-2010 and the plant will be ready in mid-2013.
We reiterate our 'buy' rating on the stock with sum-of-the-parts-derived target price of $4.63.
No changes to our FY10-11F earnings per share (EPS) forecasts as the plant will only begin operations by end-2013. Share price now trades at 10.5 times FY10 price-to- earnings (P/E) and offers 4 per cent dividend yield.
We view the move positively:
(1) the new plant will raise SCI's total power capacity to more than 5,000MW. (2) Its investment in India will open up a new high-growth market as the power sector in India is expected to grow 9 per cent per annum over the next 10 years. (3) We understand that the project will yield mid-teen internal rate of return and estimate the Indian project to add $0.10 per share to our fair value.
SEMBCORP INDUSTRIES
Q1 2010 Revenue: +12% to S$2.41 bln
Net Profit: +17% to S$220.4 mln
Cash From Operations: S$467.2 mln vs S$142.3 mln
Sembcorp upgraded to ‘outperform’ by Daiwa
Daiwa has upgraded Sembcorp Industries (U96.SG) to “outperform” from “underperform”,
raising its target price to $4.98 from $3.33, based on current market value of unit
Sembcorp Marine (S51.SG) and 1.5x P/B target for group’s non-marine businesses,
according to Dow Jones.
20Apr2010
this stock building a solid base at 4.20. from here, could launch higher soon. moreover, many analysts expect good results from sembcorp.
think i should load up b4 it chiong again.
SEMBCORP INDUSTRIES LTD
DATE OF RELEASE FOR SEMBCORP INDUSTRIES’ FIRST QUARTER 2010 FINANCIAL RESULTS
Singapore, April 7, 2010 – Sembcorp Industries wishes to announce that the
First Quarter 2010 financial results will be released on Monday, May 10, 2010
morning before trading hours.
The Notice will be updated should there be any amendments.
For further information, please contact:
Ms Ng Lay San
Vice President
Group Corporate Relations
DID : +65 6723 3150
Email :
ng.laysan@sembcorp.com
SEMBCORP CELEBRATES THE GROUNDBREAKING OF ITS FIRST WASTEWATER
TREATMENT PLANT IN SOUTHERN CHINA - RMB 61.7 million
RMB 61.7 million Wastewater Treatment Plant project is working
in progress, definitely will create a positive impact for SembCorp P&L.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1C9BFAB82DC94BFF482576FE003154DE/$file/QINZHOU-7April2010.pdf?openelement
over here also TURBO CHARGED! +13cents Huat la!
SembCorp is showing uptrend signal! Tomorrow sure Cheong arh!!
TA as at 26 Mar 2010 (Close Price: $4.00)
EMA 15 3.93
EMA 25 3.87
EMA 50 3.77
I am not vested yet.
tradersgx ( Date: 25-Mar-2010 01:01) Posted:
| Announcement submitted on behalf of |
SEMBCORP INDUSTRIES LTD |
| Announcement is submitted with respect to * |
SEMBCORP INDUSTRIES LTD |
| Announcement is submitted by * |
Kwong Sook May |
| Designation * |
Company Secretary |
| Date & Time of Broadcast |
25-Feb-2010 17:13:50 |
| Announcement No. |
00102 |
| The details of the announcement start here ... |
| Corporate Action details (e.g. Rights ratio, dividend ratio, tax rate, etc) * |
final tax exempt 1-Tier dividend of 15.0 cents per ordinary share |
| Record Date * |
28-04-2010 |
| Record Time * |
17:00 |
| Date Paid/Payable (if applicable) |
12-05-2010 |
|
|
| Announcement submitted on behalf of |
SEMBCORP INDUSTRIES LTD |
| Announcement is submitted with respect to * |
SEMBCORP INDUSTRIES LTD |
| Announcement is submitted by * |
Kwong Sook May |
| Designation * |
Company Secretary |
| Date & Time of Broadcast |
25-Feb-2010 17:13:50 |
| Announcement No. |
00102 |
| The details of the announcement start here ... |
| Corporate Action details (e.g. Rights ratio, dividend ratio, tax rate, etc) * |
final tax exempt 1-Tier dividend of 15.0 cents per ordinary share |
| Record Date * |
28-04-2010 |
| Record Time * |
17:00 |
| Date Paid/Payable (if applicable) |
12-05-2010 |
