Seatrium    Last:0.091   -

Sembmarine

could it be BB insider trading? perhaps is staff share option? : )

 

STimes pgB6, Thur 18/03/2010: A 39-yr-old Bangladeshi worker died in ashipyard after he was trapped under a metal pipe that fell on him. A spokesman for MOM said the worker was engaged in grinding work at SembMarine sudsidiary SMOE, a co that makes offshore production platforms. vested

 

ChemOil  TOP  GAiNS  CHART  tOday.

SembMarine  dOwn ? 

 

cant be profit taking la..PROFIT TAKING AT 3.94 when the stock price is stil above 4 before the market closed??

 

Friday, 19th March 2010  CLOSED

S$3.94   dOwn  S$0.08

CIMB  TP  S$5.44

prOfit  taking

 

wat accident??

 

Is it due the news on the accident ?

 

Drop to 3.94...

 

 

My own TP 4.80 is getting sweeter and sweeter...nice nice...cheoong up UP UP!

tradersgx      ( Date: 19-Mar-2010 14:03) Posted: (  ^_^) (^_^  ) (  ^_^)(^_^  ) (^_^  )   SembMarine’s estimated 2010 order wins to $6.5 billion from $3.5 billion, increasing its FY10-12 EPS forecasts 4–45% and price target to $5.44, says CIMB Shares of Keppel Corp. (BN4.SG), Sembcorp Marine (S51.SG) should continue to do well near-term as both expected to secure total of about $11 billion worth of orders for deepwater rigs, production units this year, says CIMB, according to Dow Jones Newswires. “The likelihood of a protracted offshore capex is high, given sustained stable oil price expectations and recovering financing markets. We believe that it is only a matter of time before oil majors start to spend again.” It has also raised SembMarine’s estimated 2010 order wins to $6.5 billion from $3.5 billion, increasing its FY10-12 EPS forecasts 4–45% and price target to $5.44 from $4.54. Says both could trade near to peak 20x–22x P/E levels vs current five-year average of 15x–16x on accelerated orders. Keeps “outperform” on both.  CIMB 19Mar10

 

(  ^_^) (^_^  ) (  ^_^)(^_^  ) (^_^  )  

SembMarine’s estimated 2010 order wins to $6.5 billion from $3.5 billion, increasing
its FY10-12 EPS forecasts 4–45% and price target to $5.44, says CIMB

Shares of Keppel Corp. (BN4.SG), Sembcorp Marine (S51.SG) should continue to do
well near-term as both expected to secure total of about $11 billion worth of orders
for deepwater rigs, production units this year, says CIMB, according to Dow Jones
Newswires.

“The likelihood of a protracted offshore capex is high, given sustained stable oil price
expectations and recovering financing markets. We believe that it is only a matter of
time before oil majors start to spend again.”

It has also raised SembMarine’s estimated 2010 order wins to $6.5 billion from
$3.5 billion, increasing its FY10-12 EPS forecasts 4–45% and price target to $5.44 from
$4.54.

Says both could trade near to peak 20x–22x P/E levels vs current five-year average
of 15x–16x on accelerated orders.

Keeps “outperform” on both.

 CIMB 19Mar10

 

North sea std very high requirement , profit margin ?

 

Meaty Meaty Yummy Yummy!

fei zhu rou is getting even more oily!

Huat ah!!!!!

 

(  ^_^) (^_^  ) (  ^_^)(^_^  ) (^_^  ) (  ^_^)(^_^  ) (^_^  ) (  ^_^)(^_^  ) (^_^  ) go Long Long !!! hehehe

PRESS RELEASE  March 18, 2010  18:00

SEMBCORP MARINE’S SMOE SECURES CONTRACT (Estimated S$550 million!) FOR THE
CONSTRUCTION OF THE EKOFISK ACCOMMODATION TOPSIDE FOR THE NORTH SEA

Singapore, March 18, 2010: SMOE, a wholly-owned subsidiary of Sembcorp
Marine, has secured an estimated S$550 million contract from ConocoPhillips
Skandinavia AS, Norway to build the Ekofisk accommodation topside to be
installed in the North Sea.

The contract entails the provision of engineering, procurement and construction
of a 10,000-metric-tonne accommodation topside that lodges 552 personnel.
Other deliverables include two bridges, a bridge connector and a helideck. The
platform will also feature a built-in centralised telecommunications centre and a
control tower.

 (  ^_^) (^_^  ) (  ^_^)(^_^  ) (^_^  ) (  ^_^)(^_^  ) (^_^  ) (  ^_^)(^_^  ) (^_^  )(^_^  ) (^_^  )

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1C3BF9FB7F15852D482576EA0036999F/$file/SCMPressRelease18Mar2010.pdf?openelement

 

Went short @3.80 and 4.05 price target is to close the gap short term

 

i was vested recently in this counter and just took some profits by closing the counter...i think got profits good enough...sometimes over-greed will kill us...so when i see these analysts calling for a 'buy', i had learned from previous lessons tt it will be time to get out of the counter cos' most of the time it is the opposite they are telling us to

 

Trust your own method and strategy of trading. You can check their calls but make sure always make your own deduction and not be "influence" by the so called PRICE TARGET with the so called "BUY/SELL" CALL.

Trade with care..

Star-Trader

 

 

6 analyst recommendations, "fei zhu rou" average Target Price is $4.56 now. Meaty Meaty Yummy Yummy!


12 March 2010    BNP Paribas; which has a “buy” call with $4.51 target.
                             "We think SembMarine has an advantage to win the subsequent conversion job, estimated at $300 million–$500 million."

12 March 2010    Deutsche Bank; which has “buy” call with $4.90 target; Orderbook quotes suggest stock may hold above $4.
                             “This contract win is positive in our view as it reinforces SembMarine’s established working relationship with Petrobras.”

12 March 2010    DMG; has downgraded Sembcorp Marine “sell” as stock has breached its $3.51 target price

5Mar2010            OCBC Research; Sembcorp Marine [BUY, FV: S$4.58]; Orderbook quotes suggest minimal upside beyond $4.

9Mar10                CITI;  just raised TP to $4.60; Keeps “buy” call.
                             "We believe (the stock) has room to re-rate."

23 Feb 2010         DBS Research; Sembcorp Marine; Upgrade target price to S$5.25. Maintain BUY
                              "Expect order win catalysts, as SMM guides for S$3b new orders in 2010 (ex-Petrobras)."

 

 

 

petrO BRAS are Oily  gOOd  BRAS

 

too hard to let go the "fei zhu rou" now, citi just raised TP to $4.60. CHEOOONG AHH!

9Mar10: Citigroup has raised Sembcorp Marine’s (S51.SG) target price to $4.60 from $3.85 after increasing
FY10–11 EPS estimates by 25–40% to assume larger orderbook. “Pick-up in enquiry level in 2009
should translate toward orderbook wins this year,” says Citi.  Notes SembMarine has consistently
delivered higher margins, EPS, but valuations have stayed range-bound. “Thus we believe (the stock)
has room to re-rate.” Forecasts orderbook of $4.2 billion for 2010. Keeps “buy” call.

 

niuyear      ( Date: 11-Mar-2010 17:02) Posted: you have not let go your fei zhu rou?  no wonder aunties complain no fei zhu rou to buy from wet market.  you holding so much , not heavey meh?  sgxinvestor      ( Date: 11-Mar-2010 13:15) Posted: Hahaha!!  my "fei zhu rou"   CHEOOONG AHH! Sembcorp Marine gets $130m contract from Petrobras Reuters     11 March 2010 13:06  Sembcorp Marine (SCMN.SI), the world's second largest offshore oil rig maker, said on Thursday it has secured a $130 million from a unit of Brazilian state-run oil firm Petrobras.

 

Sembcorp Marine moved higher on an announcement at 1pm that it has landed an S$130 million contract from Brazil oil giant Petrobras to carry out pre-conversion work on a very large crude carrier. The stock was the biggest gainer on the Straits Times Index and ended up 3.5% at S$4.11. Further upside will be expected tomorrow due to the good news may not reach everyone yet.

Immediate resistance of Sembcorp: $4.17

Immediate support of Sembcrop: $3.88

Tomorrow  Sembcrop should be testing $4.17 as today VOL not high due to the announcement is in 1pm

Good luck for ppl who are vested :P

 See Charts