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Sembmarine

smm ceo ?!!

1st Q 2013

Buy or Bye .. ...

 

The offshores were trading mixed yesterday. Kepcorp was seen rebounding firm after testing its 200ma line support at 11.18 level. It is now facing resistance by 20 & 100ma line at 11.30 level but the strong resistance level it might face will be the sideways resistance of 11.43 level. As it will be going on ex dividend tomorrow, Kepcorp might not be able to attract more buyers to support further upside rebound. Sembcorp was seen trading flat yesterday as it is still searching for a good support level to have a rebound to form lower low formation. 4.90 level can be a possible support level for Sembcorp but it need bullish reversal pattern to be formed in order to have higher odds in rebounding. Sembmar was seen sliding further yesterday as it is still struggling to find support. 4.20 could be a possible immediate support level which Sembmar tested it yesterday. If white candle is able to be formed at this level, Sembmar might start to have rebound action. Overall, the offshores are still struggling to show upside strength.

 

SembCorp Marine took a hit in its share price due to its lower-than-expected earnings in the fourth quarter of 2012. I believe the weaker performance is only restricted to the quarter under review as the rate of contracts secured by the company has been relatively rapid. Furthermore, it is the potential beneficiary of developments in Brazil. On the technical side, its shares have undergone a long period of consolidation and I think this phase is coming to an end.

 

i saw their annual report, earnings will dip due to the one off compensation of the shipyard incident in december, most likely ppl will buy back after announcement

 

are you sure?? it has gone down to 4.24 right now? what is happening?

 

SembCorp Marine - All about Margins Worst Looks to Be Over. Maintain Buy. Citigroup has a target price of S$5.20

 

Rigbuilders: Who has been ordering from the Chinese yards?
There have been recent reports on Chinese yards surpassing Singapore yards in terms of jack-up rig orders YTD. Indeed, we find that jack-up orders for the former have totaled ~US$2.3b so far, compared to ~US$2.1b for the latter. However, we note that many of the contracts that Chinese yards have won so far are mostly from newcomers in the offshore industry, including speculators who sell the rigs later for a profit. Meanwhile, Keppel Corp (KEP) and Sembcorp Marine (SMM) have been diversifying their product range and innovating to stay ahead in certain niche areas. Maintain BUY on both KEP [FV: S$12.68] and SMM [FV: S$5.64] we note that markets may be increasingly volatile ahead, providing an opportune time to enter such quality stocks. (Low Pei Han)

 

12 March 2013

SembMar
Sembcorp Marine (SembMar) has been trending down from a peak of $6.00. There is a trendline support now but if the price drops below the trendline support and immediate support at $3.90, there may be further downside. The MAs are also slowly turning down. One could take advantage of any rally to sell on strength. One good way to time the exit may be looking at the CCI turning overbought on the daily chart.

 

Short sell orders executed on 08 April 2013 to 12 April 2013

Semb Corp	1,719,000	SGD	8,643,070
SembMar	11,304,060	SGD	48,888,997.2

Kep Corp

3,957,500

SGD

44,542,222

 

Short sell orders executed on 15 April 2013

Semb Corp	233,000	SGD	1,159,430
SembMar	1,589,000	SGD	6,908,450

Kep Corp

266,000

SGD

3,029,440

 

 

 

Short sell orders executed on 12 April 2013

Semb Corp	676,000	SGD	3,375,760
SembMar	257,000	SGD	1,119,730

Kep Corp

334,000

SGD

3,822,980

 

Short sell orders executed on 01 April 2013 to 05 April 2013

Semb Corp	1,412,000	SGD	7,284,910
SembMar	10,567,685	SGD	46,487,477.15

Kep Corp

4,544,000

SGD

51,535,340

 

Short sell orders executed on 10 April 2013

SembMar

3,092,000

SGD

13,301,370

Kep Corp

611,000

SGD

6,894,280

Semb Corp

38,000

SGD

191,810

 

Singapore, April 10, 2013: Sembcorp Marine wishes to announce that the First Quarter 2013 Financial Results will be released on Friday, 3 May 2013 after trading hours.

This Notice will be updated should there be any amendments.

For further information, please contact:
Ms Judy Han
Senior Vice President
Investor Relations & Communications
Tel No: (65) 6262 7203
Fax No: (65) 6261 0738
Email: judy@sembcorpmarine.com.sg
Website: www.sembcorpmarine.com.sg

 

Pivot: 4.6

Our preference: Short positions below 4.6 with targets @ 4.1 & 3.8 in extension.

Alternative scenario: Above 4.6 look for further upside with 4.85 & 5.15 as targets.

Comment: the RSI remains capped by a declining trend line and under pressure.

Key levels
5.15
4.85
4.6
4.35 last
4.1
3.8
3.6

Copyright 1999 - 2013 TRADING CENTRAL

 

Most of the offshores are attempting to rebound yesterday. Kepcorp managed to head higher yesterday after rebounding of its 100ma line at 11.18 level. Kepcorp will likely to continue to attempt to test its 20ma resistance line at 11.40 level before it can attempt a trend reversal action.

Sembmar was also seen attempting to rebound as it might be forming a support around 4.30 level. As it formed bullish harami pattern yesterday, Sembmar might attempt a rebound action to form lower low formation. If Sembmar is to trade higher than 4.32 level today, it might be heading towards its 20ma resistance at 4.42 level.

Sembcorp struggled to rebound yesterday. It might still be trying to find its support and could be testing 5.00 level to determine if it is a good level to form a support today. Overall, the offshores might start to attempt to rebound today as they are getting close to their support levels.

 

Down down down for so many days ..... it's time for it to move up tomorrow (11-Apr).

Keep fingers crossed.

 

 

Pivot: 4.6

Our preference: Short positions below 4.6 with targets @ 4.3 & 4.1 in extension.

Alternative scenario: Above 4.6 look for further upside with 4.85 & 5.15 as targets.

Comment: the RSI is still capped by a declining trend line and lacks upward momentum.

Key levels
5.15
4.85
4.6
4.42 last
4.3
4.1
3.8

Copyright 1999 - 2013 TRADING CENTRAL

 

OCBC Investment Research says on wednesday should inflation in Brazil continue to be unrelenting, Sembcorp Marine may face further margin pressures from labour costs, especially since there is already a shortage of skilled labour in the country,"

OCBC cut its target price on Sembcorp Marine to S$5.64 from S$5.84 with a 'buy' rating, citing lower margin assumptions for the next two years on concerns of Brazil's inflation.

 

SEMBCORP MARINE LTD bought back 500,000 shares at $4。 45 each on 5 Mar

SEMBCORP INDUSTRIES LTD bought back 150,000 shares at $5.2441 each on 5 Mar

Sembcorp Marine Ltd bought back 1,600,000 shares at $4.4961 each on 4 Mar.

Sembcorp Marine Ltd - DBS Bank Ltd bought 370,000 shares at $4.4176 each on 28 Feb