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Whoever, SHOT this will have deep fry soon.
wait for it to drop till 3.79
On Monday, SembMar re-tested its major support at $3.83 and closed at $3.83 with LOW volume of 1.87 million shares traded.
A black candle sticks with short lower shadow affirm that the support is still firm and prevent prices from falling further.
Both RSI & MACD are bearish though the selling pressure has eased.
Important Resistance of SembMar: $4
Immediate Support of SembMar: $3.83
Currently prices are supported by technical/200 days MA at $3.83 while resisted by 20/50/100 days MA near $4
From the charts, it can be seem that the 200 days MA has been supporting the prices since Feb 2010.
In addition, SembMar continue to maintains its rising trend line and yet to create a “lower low”.
SEE ANALYSIS FOR SWIBER
We are expecting a very strong support at $3.83 (Near 200 days MA) and would encourage investors to buy if interested in the fundamental of SembMar.
semarine also, short. then don't buy
pharoah88 ( Date: 23-Aug-2010 13:44) Posted:
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INVEST FAIR 2010 Marina Bay Sands
21 ~ 22 AUGUST 2010
ANALYSTS' CALL
SHORT
O&M sector to flourish:
Industry analysts
New orders expected from foreign firms
Ephraim Se ow
ephraimseow@mediacorp.com.sg
SINGAPORE
Nomura and OCBC have recommended investors to buy into Keppel Corporation — the parent company of Keppel Offshore & Marine — and Sembcorp Marine in their latest investment research reports.
Sembcorp Marine and Keppel Offshore & Marine reported strong order books in their second quarter financial statements.
Sembcorp Marine has a net order book of $4.3 billion with completion and deliveries stretching till December 2012. This includes $853 million in contract orders secured from this January to early this month.
Keppel Offshore & Marine Division’s net order book stands at $5 billion with deliveries into 2013. It has secured $1.9 billion of new orders as at late July. The company has also tendered for some of Brazilian energy giant Petrobras’ new projects.
“Keppel remains our sector pick given the high chance of it winning some of Petrobras’ orders, good track record and potential support from its other businesses,” said OCBC analyst Low Pei Han.
Petrobras plans to build 28 oil rigs in Brazil, as part of its US$220 billion ($298.3 billion) investment to develop oil fields.
In its report, Nomura cited a Keppel management source as saying that in preparation to tap on this opportunity, Keppel’s BrasFELS in Brazil is reserving between 20 per cent and 30 per cent of yard capacity for rigs.
Nomura analysts also noted that oil prices are still supportive of long-term capital expenditure and there is a likely resurgence of new orders from other national and international oil companies.
Keppel Corp shares closed at $8.75 and Sembcorp Marine ended at $3.85 last Friday.
— Financial analysts expect companies in the offshore and marine (O&M) sector here to sparkle over the next couple of years. These companies are likely to- outperform the overall market as rising new orders are expected from international oil firms, the analysts said.5 cents dividends. Something better than nothing.
It is natural to sell on news.......should view as a buying opportunity.....time to collect cheap
moneybear ( Date: 04-Aug-2010 21:23) Posted:
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wats the problem with sembmarine....profit up 20+% and give dividend but stock price go down..aiyo apa macam..
Sembcorp Marine sets sights high
News wires
Singapore-based rig builder Sembcorp Marine beat expectations with a 28% rise in second-quarter profit, adding it hopes to win at least S$2 billion to S$3 billion (US$1.4 billion to US$2.2 billion) in new orders this year.
"The fundamentals driving the offshore oil and gas sector remain intact with oil prices remaining above the $70 a barrel range," Sembcorp Marine said in a statement. It added that while the US moratorium on deep-water drilling may hurt orders for new oil rigs in the short term, it may result in increased sales in the medium term. "Potentially, this may result in the upgrading of existing rigs to meet the more stringent requirements and new rig orders to replace the aging fleet for drilling in deep waters," it said.
The S$2 billion to S$3 billion new orders forecast does not include potential oil rig orders from Brazillian state oil company Petrobras, Sembcorp told a media and analyst briefing. The company has lodged bids with Petrobras for seven drillships and two semi-submersible rigs, it said.
Sembcorp Marine, 61% owned by Sembcorp Industries, posted a net profit of S$176.1 million in the April-June period, up from S$138.1 million a year earlier. The result beat the S$141.6 million average forecast of two analysts surveyed by Reuters. The better result was due to early project completions and higher margins as productivity rose, Sembcorp said.
Sembcorp said its order book stood at S$4.3 billion, down from the S$5 billion figure reported in May.
Aug 3, 2010 Category: 2010 | Q3 A 28% INCREASE IN 2Q 2010 NET PROFIT TO $176 MILLION Singapore, August 3, 2010 : Sembcorp Marine achieved a 28% increase in net profit to $176.1 million from $138.1 million in 2Q 2009. Group turnover at $1,097.9 million was 27% lower as compared with $1,497.6 million for the corresponding period in 2009. Group operating profit at $202.3 million was 21% higher than the same quarter in the previous year. Group pre-tax profit increased 26% to $224.8 million from $178.9 million in 2Q 2009. These increases are mainly attributable to execution of projects ahead of schedule and the Group achieving better margins for rig building, offshore and conversion projects through higher productivity. For the half year, Group turnover at $2,457.3 million was 14% lower than the $2,861.1 million for the corresponding period in 2009. Group operating profit at $361.9 million was 20% higher as compared with $301.3 million in the previous year. At the pre-tax level, Group profit increased 24% to $409.7 million from $330.1 million in 1H 2009. Net profit for 1H 2010 at $324.9 million was 26% higher as compared with $258.3 million recorded in 1H 2009
Oil Rallies Above $80 on Economic Optimism
Published: Monday, 2 Aug 2010 | 9:43 AM ET By: Reuters
$4.07 +7c. Seems like good 1H10 Results & dividend payout coming tomorrow nite (last yr's div was 5c) - watch Tuesday 3 Aug after 5pm. + SembMarine also stands a good chance to get some of Petrobras $b contracts - to be announced by mid-Aug (2 weeks from today).
SembCorp Marine has broken above the $4 mark again, its first time since June 23. Its momentum this week has come ahead of its results release next week on August 3 after market hours. Here's what Macquarie Research Equities (MRE) has to say about the impending results...
Net profit likely to remain robust
MRE expects SembCorp Marine's first half net profit to range between S$280 and S$290m and the order book to decline from S$5.0bn to S$4.2bn as there have been no significant orders announced this quarter to date.
MRE sees no change to their view that the short-term order book will remain under pressure, while the medium term (12-18 months) will be positive, as more regulation may add drilling days per well.
SembCorp Marine's closest peer, Keppel Corp, recently reported its 1H10 results, which saw net profit rise 11% on better margins. MRE thinks SembCorp Marine is likely to exhibit similar temporary margin expansion.
Order book to decline in short term
Order intentions were just recovering when Macondo raised uncertainty significantly and in the short term, MRE is likely to see zero rig orders. However, the potential changes in regulation post-Macondo could potentially raise rig demand 20%, which bodes well for the sector in the medium term.
PPL issue ongoing
An update is that Baker Technology, the 15% shareholder of PPL Shipyard has on 26 June filed a defence against SMM's lawsuit.
MRE sees $5.20 target on SembCorp Marine
MRE maintains their Outperform rating on SembCorp Marine, although investors should bear the short term risks in mind. Their 12-month target price of S$5.20 is based on SMM's 2000-09 average PER of 16x. In the last order cycle, SembCorp Marine from mid-cycle to peak went from S$0.69/sh (representing a 16x PER) in early 2004 to a peak of S$5.60/sh ( >30x PER) as it discounted future contract wins, which rose from S$757m in 2003 to S$2.1bn in 2004 and S$4.2bn in 2005.
Macquarie SembCorp Marine Warrants
Trading Call Warrants (Short term bullish view)
SembMar MBLeCW101202 (LS5W) exercise price $3.70.*
SembMar MBLeCW100819 (KS6W) exercise price $3.963.*
SembMar MBLeCW101203 (LQ5W) exercise price $4.10.*
SembMar MBLeCW100902 (K1WW) exercise price $4.359.*
SembMar MBLeCW101001 (K6OW) exercise price $4.80.*
Trading Put Warrants (Short term bearish view)
SembMar MBLePW110103 (LS6W) exercise price $3.80.*
Long Dated Warrants (Long term bullish view)
SembMar MBLeCW120903 (K2KW) exercise price $4.755.*
Net profit likely to remain robust
MRE expects SembCorp Marine's first half net profit to range between S$280 and S$290m and the order book to decline from S$5.0bn to S$4.2bn as there have been no significant orders announced this quarter to date.
MRE sees no change to their view that the short-term order book will remain under pressure, while the medium term (12-18 months) will be positive, as more regulation may add drilling days per well.
SembCorp Marine's closest peer, Keppel Corp, recently reported its 1H10 results, which saw net profit rise 11% on better margins. MRE thinks SembCorp Marine is likely to exhibit similar temporary margin expansion.
Order book to decline in short term
Order intentions were just recovering when Macondo raised uncertainty significantly and in the short term, MRE is likely to see zero rig orders. However, the potential changes in regulation post-Macondo could potentially raise rig demand 20%, which bodes well for the sector in the medium term.
PPL issue ongoing
An update is that Baker Technology, the 15% shareholder of PPL Shipyard has on 26 June filed a defence against SMM's lawsuit.
MRE sees $5.20 target on SembCorp Marine
MRE maintains their Outperform rating on SembCorp Marine, although investors should bear the short term risks in mind. Their 12-month target price of S$5.20 is based on SMM's 2000-09 average PER of 16x. In the last order cycle, SembCorp Marine from mid-cycle to peak went from S$0.69/sh (representing a 16x PER) in early 2004 to a peak of S$5.60/sh ( >30x PER) as it discounted future contract wins, which rose from S$757m in 2003 to S$2.1bn in 2004 and S$4.2bn in 2005.
Macquarie SembCorp Marine Warrants
Trading Call Warrants (Short term bullish view)
SembMar MBLeCW101202 (LS5W) exercise price $3.70.*
SembMar MBLeCW100819 (KS6W) exercise price $3.963.*
SembMar MBLeCW101203 (LQ5W) exercise price $4.10.*
SembMar MBLeCW100902 (K1WW) exercise price $4.359.*
SembMar MBLeCW101001 (K6OW) exercise price $4.80.*
Trading Put Warrants (Short term bearish view)
SembMar MBLePW110103 (LS6W) exercise price $3.80.*
Long Dated Warrants (Long term bullish view)
SembMar MBLeCW120903 (K2KW) exercise price $4.755.*
Aiya, too many to watch, forgotten this one. heart pain now.
Jackpot2010 ( Date: 28-Jul-2010 15:32) Posted:
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$4.01 trade vol. doubled today - Samba Brasil!
http://www.youtube.com/watch?v=DyWA1GcDz9s&feature=related
Sembmarine $4.00 + 4c TP Spot on!
krisluke ( Date: 13-Jul-2010 21:45) Posted:
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On Tuesday, SembMar re-test its support at $3.90 and closed at $3.96 with low volume of 2.39 million shares traded.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
RSI & MACD are bullish as both indicators continue to trend upwards.
Important Resistance of SembMar: $4.11
Immediate Support of SembMar: $3.90
Prices are supported by 20/50 days MA but resisted by 100 days MA.
SembMar seems to be having a ridge task in breaking out of the systematical triangle and mostly importantly the resistance at $4.11.In fact, three consecutive black candle sticks would already serve a warning to the investors.
SEE CHINA ANIMAL HEALTHCARE ANALYSIS
So far, 200 days MA has been supporting well for SembMar rally. Thus we would suggest waiting till prices drop near the 200 days MA at $3.76 before entry
crude oil = 76++
sti = 2920++, IF'''''
crude oil=78 , sti= 2950....
Tgt: 400++ is possible.