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The STAR is DEAD . . . .
It seems Sembmar has LOST its SHINES . . . .
It rarely hit TOP VOLUME like BEFORE since 2009 . . . .
Will it R I P ? ? ? ?
WHY with such HUGE Contract, the PRICE is falling????
Could it be an UNderBID????
If BID PRICE is too low, when COST PRICES RISE, HUGE CONTRACT = HUGE LOSSES....
REMEMBER those TIMES in SINGAPORE, when SUBcontractors DUMPED their CONTRACTS to AVOID BANKRUPTCY....
It was deemed better to DEFAULT than to Deliver and become BANKRUPT....
( ,")
PRESS RELEASE
SEMBAWANG SHIPYARD SECURES LONGEVITY, UPGRADING AND DAMAGE
REPAIR CONTRACTS WORTH S$130 MILLION AND RENEWS LONG-TERM
CONTRACT WITH EITZEN GROUP
Singapore, February 18, 2010:
Sembcorp Marine’s subsidiary Sembawang Shipyard
has secured major longevity, upgrading and damage repair contracts worth S$130
million, reinforcing its reputation as a world-leading ship-repair yard.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_0982F7ED72F88151482576CD007F9C04/$file/SCMPressRelease18Feb2010.pdf?openelement
DBSv buy call 3.46 and tp 4.26. d.d 2 april 10
There is always a selldown after such a 'buy call'....shall wait next week. cos there is always a sell down after the 'buy' call.
Why is SembMar dropping by about 4% ?
Oil and Gas Sector: To continue to outperform in 2010, Ezra FV $2.40, SembCorp Marine [BUY, FV: S$4.16], Keppel Corporation [BUY, S$9.70].
OCBC - By Low Pei Han
Friday, 04.12.2009
The oil and gas sector was the best performing sector in 2009, appreciating by 141% compared to the STI’s 53% rise. Stepping into 2010, we see companies with expertise in deepwater production faring better
than those limited to shallow waters. Keppel Corporation and SembCorp Marine are likely to see greater demand for semi-submersibles and drillships from customers, though there will still be demand for jack-ups.
Ezra Holdings is likely to remain a favourite with its growing subsea production segment, barring unforeseen circumstances. The outlook for the supply vessel segment is dimmer than the construction vessel
segment, given a possible oversupply situation for the former with many deliveries of newbuilds this year and next year. However we do note some deliveries may slip. We continue to be OVERWEIGHT on the oil
and gas sector though we point out that different stages of the value chain and their sub-segments experience different demand and supply dynamics. As such, we have picked Ezra Holdings [BUY, FV: S$2.40],
SembCorp Marine [BUY, FV: S$4.16], and Keppel Corporation [BUY, FV:S$9.70] as likely beneficiaries based on underlying trends.
Push for deeper waters.
Stepping into 2010, we see companies with expertise in deepwater production faring better than those limited to shallow waters. Keppel Corporation and SembCorp Marine are likely to see greater demand for
semi-submersibles and drillships from customers, though there will still be demand for jack-ups. The push for even more technical vessels is likely to continue, benefiting companies that do not scrimp on research
and development. Ezra Holdings is likely to remain a favourite with its growing subsea production segment, barring unforeseen circumstances.
Maintain OVERWEIGHT.
For 2010, we continue to be OVERWEIGHT on the oil and gas sector though we point out that different stages of the value chain and their sub-segments experience different demand and supply dynamics. As the
global economy continues its fragile recovery, oil prices are likely to remain high enough to sustain capital expenditure in the sector. Though the credit market remains relatively tight-fisted, we understand that the
financing situation is improving. Our preferred picks are Ezra Holdings [BUY, FV: S$2.40], SembCorp Marine [BUY, FV: S$4.16] and Keppel Corporation [BUY, S$9.70].
I eepost because the earlier post was distorted. -- TP 4.38 ( years later?)
Sembmarine’s new Brazilian yard to capture Petrobras business. Upstream, an industry journal, recently reported that Sembmarine is eyeing a new yard in Brazil. Sembmarine is expected to receive two environmental permits to build a yard in the Aracruz industrial hub in the state of Espirito Santo, Brazil by Mar 2010. Construction could start by May 2010 and finish by mid-2010. The yard allegedly could win the tender for the first seven drill ships (out of 28 for tender) from Petrobras. We estimate the potential investment in the yard at as high as US$500m.
CIMB - TP 4.38
industry journal, recently reported that Sembmarine is eyeing a new yard in Brazil.
Sembmarine is expected to receive two environmental permits to build a yard in the
Aracruz industrial hub in the state of Espirito Santo, Brazil by Mar 2010.
Construction could start by May 2010 and finish by mid-2010. The yard allegedly
could win the tender for the first seven drill ships (out of 28 for tender) from
Petrobras. We estimate the potential investment in the yard at as high as US$500m.
If it could breach 3.70, this is marvallous!
niuyear ( Date: 18-Sep-2009 15:56) Posted:
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Looking really strong now, +20-21c liao, while rest of the market is taking a breather. Looks good....
I shall hold first, may be can reach 3.70. (DBSV TP), though may have shorting spree before that.....
mario1 ( Date: 14-Oct-2009 15:46) Posted:
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I am so glad i never give up on sembMarine!
will this by flying 2ml? been resting for a long time
should i let go?
Sub Marine float or sink, can't fly....
should i let go?
Now is 2nd or 3rd liners in play... this one need STI break 2700 then can move higher..
wangweii1122 ( Date: 22-Sep-2009 14:53) Posted:
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getting tired~ pls run
omg, what happened to this!