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2461-2480 of 3003
411 support broken with a gap down
target 400 minor support
or may see 394(@ 76.8% retracement) covered by immediate support at 384/5(6 jan2010)
Price 365 -360 seem a good entry price
Just my 2 cents
425 resistance broken
let see if it test 432,
if cross, got to see 436 follow by 440,
the price 440 - 450 (STI 2950 -2985) before greece debt crisis begin
from my view only
Revenge from the Baker's Boy
leolim818 ( Date: 12-May-2010 11:38) Posted:
| what's wrong with this counter? drop 0.070 today |
|
what's wrong with this counter? drop 0.070 today
MARKET RALLY AFTER BIG AIDS FROM EU
SMM 411 resistance broken
To test 426
DJ UPDATE: Sembcorp Marine 1Q Net Up 24%; Outlook Satisfactory
SINGAPORE (Dow Jones)--Singapore's Sembcorp Marine Ltd. (S51.SG), one of the world's largest rig builders by market share, Friday reported a 24% increase in its first-quarter net profit and posted a positive outlook for the global oil industry that will help its earnings prospects for the year.
The marine engineering arm of conglomerate Sembcorp Industries Ltd. (U96.SG) said net profit for the three months ended March 31 rose to S$148.8 million from S$120.2 million a year earlier, helped by higher operating margins from its rig building and offshore and conversion projects.
Revenue was flat at S$1.36 billion.
"The outlook for global oil demand continues to improve. Oil prices have fluctuated within the range of mid-US$70 to mid-US$80 a barrel. The long-term fundamentals driving deepwater exploration and production activities are expected to continue to boost production reserves to meet growing energy demand," the company said in a statement.
"The group expects to achieve satisfactory results for financial year 2010," the company said.
Sembcorp Marine also said the oil spill in the Gulf of Mexico may affect offshore drilling in that region although it is too early to assess the incident's overall effect on the drilling market.
"Our initial appraisal of the situation gives us no major cause for immediate concern," Sembcorp Marine said.
Revenue from its rig building operations rose 16.7% from a year earlier to S$886.5 million, while its offshore and conversion business fetched a revenue of S$319.8 million, down 20.2% on year. It didn't give the operating margins for the two businesses.
Sembcorp Marine said its ship repair business saw revenue drop 26.7% from a year earlier to S$143.7 million.
Sembcorp Marine has a net order book of S$5 billion with completion and deliveries stretching until December 2012.
-By P.R. Venkat, Dow Jones Newswires; +65 64154 152; venkat.pr@dowjones.com
1700hrs 408
1705hrs 409
+1% from 405
SMM strong support 405, if not S1= 394 , S2 =388
just my view only
Looks like Sembmarine is going to convert SUBMARINE
SINGAPORE
Legal proceedings have been filed by Cascal in the New York District Court, seeking to enjoin the tender offer and claim unspecified damages.
In a filing with the Singapore Exchange, Sembcorp said the summons have been served on the company and its subsidiary, Sembcorp Utilities. The Singapore conglomerate also said that it had appointed US lawyers to act on its behalf to respond to the claim and it will make further announcements when appropriate.
Sembcorp’s position is that it is not in breach of any laws, regulations or contractual obligations in respect of the transaction, it said in the statement.
When it rejected the offer last month, Cascal’s board had said Sembcorp’s deal was inadequate and coercive and it was recommending that investors not accept it.
Cascal said Sembcorp’s belowmarket offer appeared to be intended to force shareholders to sell their securities at an “inadequate price” and it will take all measures necessary to protect its shareholders from Sembcorp’s unsolicited offer.
A day before Cascal’s rejection, Sembcorp had sealed a deal with British-based Biwater Investments to buy its 58.4 per cent stake in Cascal at either US$6.75 ($9.28) or US$6.40 per share, depending on whether Sembcorp had more than or under 80 per cent of the outstanding common shares. The acquisition is expected to transform Sembcorp into a global water service provider.
Market watchers said they were not surprised at Cascal board’s position, given the offer was at an 11 per cent discount to Cascal’s last traded price of US$7.60 per share on April 23. But the market believes the rejection is unlikely to faze Sembcorp, as it already has a controlling stake in Cascal through the Biwater deal.
— Sembcorp Industries said yesterday that United States listed water firm Cascal had started legal action in New York in connection with its planned acquisition of Cascal shares through a voluntary tender offer unveiled on April 26.pharoah88 ( Date: 05-May-2010 12:06) Posted:
today Wednesday May
Business
Cascal takes legal action against Sembcorp5, 2010 page B2 |
|
today Wednesday May
Business
Cascal takes legal action against Sembcorp5, 2010 page B2
| SembMar |
Symbol:
S51 |
Currency:
Singapore Dollar |
| Last: |
4.06 |
 -0.05 |
Vol (K): 1782.0 |
| Trading |
| Updated Time |
05-May 11:20 |
| Open |
4.02 |
High |
4.09 |
Low |
4.01 |
| Prev Close |
4.11 |
Buy |
- |
Sell |
- |
| Volume(K) |
1782.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
4.49 |
52 Wk Low |
1.99 |
52 Wk Avg Vol |
6374.473 |
| All Time High |
6.1 |
All Time Low |
0.56 |
|
|
| Comments |
No Info |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
30-Apr-2010 |
Financial Year |
31-Dec-2008 |
Current Year Profit
(After Tax) $'000,000 |
429.918 |
Previous Year Profit
(After Tax) $'000,000 |
240.989 |
| Net Asset Per Share |
0.63 |
Turnover $'000,000 |
96.17 |
Current Year EPS
(After Interest and Tax) |
0.21 |
Previous Year EPS
(After Interest and Tax) |
0.12 |
| PE Ratio (After Tax) |
20.3 |
Times Covered |
1.9 |
| Price (at update time) |
4.26 |
Dividend Yield |
0.03 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
41.24 |
Williams %R |
-95.12 |
| Comments (RSI) |
No Info |
Comments (W%R) |
Oversold |
Intraday Chart
LiKE NOL,
SCM market depth displays
Market Making Activities
Monday: 3 MAY 2010 15:35:16
S$4.18 - S$0.08
Huat La! Sembcorp Marine will win MORE contracts to build MORE rigs for Petrobras!
" The Rio de Janeiro-based company is awaiting congressional approval for a plan to
swap some of the new shares for 5 billion barrels of oil reserves at a price determined
by the government. Brazilian President Luiz Inacio Lula da Silva is seeking to boost
state control over deepwater oil fields after Petrobras discovered Tupi, the Americas’
largest crude find since 1976." . . . .. .
http://www.businessweek.com/news/2010-05-01/petrobras-to-sell-shares-by-july-even-without-congress-approval.html
Rig plays well placed for Petrobras jobs: Morgan Stanley
Sembcorp Marine (S51.SG) is well-positioned to win contracts to build seven
rigs for Petrobras in Brazilian oil company’s tender exercise next month,
while Keppel Corp. (BN4.SG) could secure four, says Morgan Stanley, according
to Dow Jones.
SembMarine’s higher target results in increased target for Sembcorp of $5.00 vs
$4.80 previously (kept at “overweight”).
The Edge 26 Apr 2010
Sweet :) +14 cents!!! Fei Zhu Rou cheoooooong ah!!
haha... I tot today then XD. :-p
jabberwocker ( Date: 26-Apr-2010 10:13) Posted:
i tot last week XD liao?
hawke009 ( Date: 26-Apr-2010 10:09) Posted:
|
|
|
i tot last week XD liao?
hawke009 ( Date: 26-Apr-2010 10:09) Posted:
|
SembMarine XD today.
SembMarine on "Buy" Call by Macquarie
Still, Macquarie, which has “outperform” call, hopeful of more price upside:
“Sembcorp Marine is our preferred play for the coming wave of offshore production
platform capex because it is has a lower revenue base than its main comparable
Keppel Corp (BN4.SG) and better orderbook cover.”
Ups target to $4.80 from $4.00 after raising EPS estimates for FY10 by 17%, for
FY11 by 5% for margin growth.
22 Apr 2010
