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Sembmarine

Sembmarine $3.93 +4c

Oil rose to $75+ on crude stock drop.

 

i believe it hit the resistance there and thus now close at $3.80 backtracking by a bit margin +0.10 instead

Jackpot2010      ( Date: 06-Jul-2010 16:14) Posted: Top $3.90 +17c. I think Baker Tech/PPL Shipyard will surrender to Sembcorp Marine b4 the case open. The big law firms don't want to rep BT/PPL bcos political suicide to go against a mighty GIC/TLC.

 

I sense some profit taking by traders.

 

Top $3.90 +17c. I think Baker Tech/PPL Shipyard will surrender to Sembcorp Marine b4 the case open. The big law firms don't want to rep BT/PPL bcos political suicide to go against a mighty GIC/TLC.

 

Oil ::::::::::::::::::::::: 7100

No wonder SMM struggle to climb up high>>>>>>>>>>>

 

 

 

when sti up, SembMarine is down for reasons as stated below or some other reasons.......what happen when sti follow the rest of the index which I believe should be soon...........

 

does tt then explain why it is a red among the many greens

 

I thought the solitare thing is old story and done with

pharoah88      ( Date: 02-Jul-2010 11:51) Posted: MERiTOCRACY  AUTiSM Until Yangzijiang’s bid, everything was hunky-dory between the respective managements of SembMarine and PPL Shipyard. This is not the first time SembMarine has been found wanting in the area of management oversight. A couple of years back, it allowed its head of finance to have lone control over its currency hedges and, as a result, found itself defending a slew of lawsuits by lending banks. Years earlier, it went into fixed shipbuilding and ship repair contracts with no escalation clauses, resulting in a lawsuit involving the vessel Both SembMarine and Khazanah appear to have been lulled into complacency when things were going their way and their respective partners brought in the results. But, shouldn’t they have prepared themselves for a worst-case scenario?Solitaire which cost the group a whopping $700 million to settle. Conrad Raj conrad@mediacorp.com.sg The writer is editor-at-large at Today.

 

MERiTOCRACY  AUTiSM

Until Yangzijiang’s bid, everything was hunky-dory between the respective managements of SembMarine and PPL Shipyard.

This is not the first time SembMarine has been found wanting in the area of management oversight. A couple of years back, it allowed its head of finance to have lone control over its currency hedges and, as a result, found itself defending a slew of lawsuits by lending banks.

Years earlier, it went into fixed shipbuilding and ship repair contracts with no escalation clauses, resulting in a lawsuit involving the vessel

Both SembMarine and Khazanah appear to have been lulled into complacency when things were going their way and their respective partners brought in the results. But, shouldn’t they have prepared themselves for a worst-case scenario?Solitaire which cost the group a whopping $700 million to settle.

Conrad Raj

conrad@mediacorp.com.sg

The writer is editor-at-large at Today.

 

SembMar has almost always above its increasing 200MA for thwe past 1 yr, except for a few occassions went below (2nd wk of Feb & Jun) bcos it is more volatile than St Engg.

 

I'm betting on Sembcorp Marine getting some rig building contracts from Petrobras - soon to be announced. SM owns 30% of Cosco shipyard n China good relationship with Brazil - lend tens of $B to Brazil last mth. IF so, TP $5 is achievable!

 

It's been quite bearish for so long without new contract flow in.

a healthy pullback will make the uptrend more substainable

All hopes were pinned on new oil rigs order.

Target: 585 could be possible if order book remains strong.

Oil price: 7800

 

 

 

 

SemMarine is trending up. The big boys are buying. I think the oil leak at Gulf of Mexico is a BP problem. So weakness in SemMarine is a great buying opportunity. My TP is $4.65.

 

SembCorp Marine

More upside ahead after overcoming key resistance

Technical Indicator: Both the MACD indicator and RSI are still
trending up steadily and they suggest that the bullish momentum
remains intact.

Share Price Objective: Between $4.50 and $4.83
Time Horizon: 1 - 2 months
Immediate Resistance: $4.50
Immediate support: $3.94

Note: We currently have a fundamental BUY rating on SembCorp
Marine with S$4.75 fair value.

OCBC Research 23 June 10

 

404 to be retested. If hold can expect 411.

Follow general market interest today and ram to bear camp.

short term: Lock in profit. ................... show sign of "fatigue".

mid term: Lock in half profit, to restest 426 for further upside ..............Recuperate strenght  for run 2.

Long term: old resistance 450 to break if STI regain 2950 convincingly, oil price 80 and above and secure new contract to boost order book. ............marathon runner require Stamina, Mentality and Patience. NB: no new news on new contract up to date....sia

Just my 2 cents, feel few to comments

 

 

Deserving pull back, position in overbought region.

Resistance at 400 and above, Bullish.

 

 

I suspect the big boys start to buy in at support price after plunging so much for the last few weeks.

Euro gaining strength against the dollar, Oil trades above $75 lookin quite stable.

Old rigs in the world may ask for conversion to install new improved platform ever since the worst oil spill in mexico by BP. New rig order will also modify to meet the expectation of US drilling requirement.

Can expect to hear some good news on order of conversion / upgrading work in singapore.

Competition from Korea? not so sure, I believe political problem between the north and south may hold the investor confidence.

 

 

 

 

hehe... long term should be good for oil n gas sector. good time to acc when it comes down again. this BP thingy still got legs to run.

E-war      ( Date: 06-Jun-2010 22:19) Posted: Frankly, I believe oil n gas sector stocks have been unfairly penalised by BP fiasco. One of the more depressed index. May have some good ones for the longer term. Take a good hard look.

 

previously they tried on one solution also say 'can potentially put an end'...but end up cannot stop the leak

yes i read about the article too...heard the estimated timeline is end of this year...still quite some months ahead...

krisluke      ( Date: 10-Jun-2010 23:36) Posted: EP : 357 BP has come out  a concrete solution to stop the leak at 100%. Read it some where in Strait times few days ago. Tonite DJ, S&P and crude oil quite good, immediate tgt to stay above 200MA should trigger a short term up push.

 

EP : 357

BP has come out  a concrete solution to stop the leak at 100%. Read it some where in Strait times few days ago.

Tonite DJ, S&P and crude oil quite good, immediate tgt to stay above 200MA should trigger a short term up push.