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Daniel,
Yes, TKF is doing a good job at SembCorp when compared to his 2 predecessors. PY of course bankrupted the company during his tenure requiring a bailout in the form of a merger with STIC. Then he had to step down and got his buddy WKS to assume the post of CEO....mind you PS is non exec chairman, so his role is different from PY (exec Chmn) and LCO of KC.
Given his intellect, I think WKS could have done much better.....but I think he was constrained in some of his decisions for the sake of his friend PY (did'nt want to make him look too bad). One of WKS's big blunder was to fight the Solitaire case. Original damages was about $250m....but because he fought on the case, SCI ended up paying >650m in damages plus several millions in legal fees....the settlement was achieved when TKF took over. Because of the increased settlement costs, SCI had to divest the very profitable SembLog to raise the cash.....losing one important leg of SCI.
Personnal opinion.
daniel360 ( Date: 22-Apr-2008 21:16) Posted:
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i always thought the current ceo has done a good job in driving up the share price of sembcorp, after all the price did moved up after taking charge. i am vested in this counter (sembcorp), care to share your views?
LilyLi ( Date: 21-Apr-2008 09:26) Posted:
| The big problem with the Semb* group is the weak leadership after the death of the relatively young late President. There are no one as iconic as Lim Chee Onn and Choo Shiau Beng of KepCorp. |
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this counter was v v overbought due to speculation on petrobas oil discovery
surely will drop to 3.5 after XD
This counter swing is quite a lot
my 2 cents: short term chart showing downtrend
daniel360 and shplayer
Thanks a million for such thoughtful msgs. Agree fully with both of U including the bit abt PY. He's been over-rated for too long.
daniel,
Yeah, I concur with your views about Sembcorp CEO TKF..........he behaves more like the CEO of Semb Utilities. I follow the result announcement on the webcast of both Sembcorp and KepCorp.
In the case of SCI, there is only TKF and the CFO on the panel.......but Lim Chee Onn includes all the CEOs of his operating units and even encourages them to take questions relevant to their portfolio.
I suspect TKF may not be too strong a leader.....having assumed the position from WKS who passed away unexpectedly 3 years ago. Bear in mind, the the CEO of SembMar, Tan KK, is an old shipyard hand (from Jurong Shipyard) and he survived the 'political' turmoils of earlier days during top management changes from Hsu Tse Kuang/ Ng Pok Too to Phillip Yeo (who bankrupted the company and had to be bailout with the merger with STIC).
So, I suspect that TKF may be wary of stepping onto TKK's turf too much. Furthermore, I think when you compare the 'visionary' qualities of LCO and TKF........there is no comparison between the two.........however......he's doing much better than PY......at least the company is profitable.
Personnal opinion.
Sembcorp indeed has a long way to go before they could be compared with Keppel. At the recent Sembcorp AGM, the ceo did an opening speech before commencing with the meeting. The 15mins speech focused mostly on SembUtilities business but brushed thru with SembMarine. I suppose one cant help but wonder if sembcorp = sembutilities? If SembUtilities can indeed have a breakthru in power generation (buying another cogen? turning waste into fuel?) and water treatment, then there will be a lot of growth in this company else, its will have to depend mainly on SembMarine to prop up it share price for the time being while i collect dividends.
LilyLi ( Date: 25-Apr-2008 21:57) Posted:
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Hi 178investors (Senior) - Sorry abt late reply cuz this auntie busily attending AGMs for the first time in my life. But they were so disappointingly mild and unenlightening.
U've shared many excellent points.
Ok, firstly, I know the Jap interests in SembMarine is a little tricky. These Jap are so far behind the curve on derivatives and the fin mkt operations so much so that I'm not surprised that this serious debacle occured at JSL.
OK, secondly I agree that they are not exactly of the same size nor fit. As the future is the key in the value of a corp, do U think that Semb can pull off what KepCorp calls KIE more successfully??
OK, thirdly, KepC's branding will carry more weight than SembC.
Most importantly, I like your conclusion : All making good $$. After reading your posting, I shall put SembC back into my radar screen. I am beginning to like this forum cuz there are postings of value to me. A large number of them are pretty refreshing to me too.
178investors ( Date: 24-Apr-2008 11:16) Posted:
Lili, actually Semb Group has not done too badly lah. It's how you compare the 2 different groups with somewhat different business units in them. You see, many years ago KepCorp managed to successfully consolidate KepFels (the predecessor of KepO&M) into KepCorp with the approval of KepFels shareholders (I was a KepFels shareholder once). SembCorp tried to do the same with SembMarine. Unfortunately, SembMarine shareholders did not agree to the consolidation.
So if you compare the market caps of KepGroup (with KepO&M) and SembCorp (with SembMarine), the difference in market caps is about $1 billion in favour of KepCorp. Moreover, KepCorp has many other associated companies in it which make it not exactly a fair comparison to SembCorp.
For me, it doesn't matter who is greater than who. I like both of them as they are all making good money for me. That's the most important principle of investing. Don't Lose Money!
Enjoy the bullrun dear. |
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short term going down, maybe I am wrong. Do your own research
Good counter !
Hi 178investors (Senior) - Sorry abt late reply cuz this auntie busily attending AGMs for the first time in my life. But they were so disappointingly mild and unenlightening.
U've shared many excellent points.
Ok, firstly, I know the Jap interests in SembMarine is a little tricky. These Jap are so far behind the curve on derivatives and the fin mkt operations so much so that I'm not surprised that this serious debacle occured at JSL.
OK, secondly I agree that they are not exactly of the same size nor fit. As the future is the key in the value of a corp, do U think that Semb can pull off what KepCorp calls KIE more successfully??
OK, thirdly, KepC's branding will carry more weight than SembC.
Most importantly, I like your conclusion : All making good $$. After reading your posting, I shall put SembC back into my radar screen. I am beginning to like this forum cuz there are postings of value to me. A large number of them are pretty refreshing to me too.
178investors ( Date: 24-Apr-2008 11:16) Posted:
Lili, actually Semb Group has not done too badly lah. It's how you compare the 2 different groups with somewhat different business units in them. You see, many years ago KepCorp managed to successfully consolidate KepFels (the predecessor of KepO&M) into KepCorp with the approval of KepFels shareholders (I was a KepFels shareholder once). SembCorp tried to do the same with SembMarine. Unfortunately, SembMarine shareholders did not agree to the consolidation.
So if you compare the market caps of KepGroup (with KepO&M) and SembCorp (with SembMarine), the difference in market caps is about $1 billion in favour of KepCorp. Moreover, KepCorp has many other associated companies in it which make it not exactly a fair comparison to SembCorp.
For me, it doesn't matter who is greater than who. I like both of them as they are all making good money for me. That's the most important principle of investing. Don't Lose Money!
Enjoy the bullrun dear. |
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This counter heavily manipulated or what?? Gosh!
this counter is melting fast & furiously!
Lili, actually Semb Group has not done too badly lah. It's how you compare the 2 different groups with somewhat different business units in them. You see, many years ago KepCorp managed to successfully consolidate KepFels (the predecessor of KepO&M) into KepCorp with the approval of KepFels shareholders (I was a KepFels shareholder once). SembCorp tried to do the same with SembMarine. Unfortunately, SembMarine shareholders did not agree to the consolidation.
So if you compare the market caps of KepGroup (with KepO&M) and SembCorp (with SembMarine), the difference in market caps is about $1 billion in favour of KepCorp. Moreover, KepCorp has many other associated companies in it which make it not exactly a fair comparison to SembCorp.
For me, it doesn't matter who is greater than who. I like both of them as they are all making good money for me. That's the most important principle of investing. Don't Lose Money!
Enjoy the bullrun dear.
The speculative forex losses speak for itself. To me, it sounds like UBS all over. What had happened in the Boardroom and the corp culture that permeated the corp??
LCO of KepCorp was under the tutelage of SKB from 1992 to 2000. LCO has a first class honours in naval architecture. PS of SembCorp was a long-time banker with OUB b4 his move to ST Engineering. Open up 2 windows and juxtapose the two Boards and U can see for yourself the differnces in the 2 Boards. KepCorp's share price has done better. It's juz a relative position I am referring to.
daniel360 ( Date: 22-Apr-2008 21:16) Posted:
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i always thought the current ceo has done a good job in driving up the share price of sembcorp, after all the price did moved up after taking charge. i am vested in this counter (sembcorp), care to share your views?
LilyLi ( Date: 21-Apr-2008 09:26) Posted:
| The big problem with the Semb* group is the weak leadership after the death of the relatively young late President. There are no one as iconic as Lim Chee Onn and Choo Shiau Beng of KepCorp. |
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Yep, good for a few more years. It needs to clear the immediate resistance at $4.20 according to our sifus ... if break thru convincingly should have no problem touching $4.50 soon.
lynn89 ( Date: 23-Apr-2008 23:06) Posted:
| Semb Marine should have further upside. With rising oil prices, more companies want oil rigs to look for black gold.
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Semb Marine should have further upside. With rising oil prices, more companies want oil rigs to look for black gold.
i always thought the current ceo has done a good job in driving up the share price of sembcorp, after all the price did moved up after taking charge. i am vested in this counter (sembcorp), care to share your views?
LilyLi ( Date: 21-Apr-2008 09:26) Posted:
| The big problem with the Semb* group is the weak leadership after the death of the relatively young late President. There are no one as iconic as Lim Chee Onn and Choo Shiau Beng of KepCorp. |
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Aiyah... don't badmouth your siblings mah... they all born from the same parent ... so same gene lah.
Although i admire LCO, i must say he is one lucky Chairman to inherit the good foundations that's already in place by his more illustrious predecessor, the late Sim Kee Boon. Sim is a legend.
LilyLi ( Date: 21-Apr-2008 09:26) Posted:
| The big problem with the Semb* group is the weak leadership after the death of the relatively young late President. There are no one as iconic as Lim Chee Onn and Choo Shiau Beng of KepCorp. |
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The big problem with the Semb* group is the weak leadership after the death of the relatively young late President. There are no one as iconic as Lim Chee Onn and Choo Shiau Beng of KepCorp.
Zhuge, Tq.
Wa! Got chance to profit leow. Tomorrow, hope it cheong up together with KC.
zhuge_liang ( Date: 20-Apr-2008 21:56) Posted:
| Support around $3.88. Resistance is around $4.30-$4.40. |
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