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If new rig design, very big trouble.
Rig delay for MOM month investigation.
Doubt of design may cause cancellation.
Suffer penalty from late delivery.
Cost of damage will be belong to sembmar.
Reputation is harmed as no.2 rig builder.
Interesting for today trading price.
rotiprata ( Date: 04-Dec-2012 07:41) Posted:
| maybe they're testing their new rig design lah.. |
|
maybe they're testing their new rig design lah..
New build or repair?
Repair, owner business.
Newbuild, Sembmar in big trouble.
Wow ...... seen the evening news 90 injured, 1 crtical, 22 serious.
I hope for their speedy recovery.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_149A71935720663C48257AC90032AD5A/$file/PressRelease_20121203_English.pdf?openelement
Sembmar stopped YZJ to purchase PPL shipyard to prevent YZJ step into the Jack up rig business.
But now, YZJ secured the Jack up rig business.
How long can Sembmar and Keppel occupy their 70% global jack up rig market share???
The global business of Jackup rig is changing.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1240786/1/.html
I thought this kind of thing only happen in China Shipyard. Sembmar, power!!!
Hope SMM will never be the Short Seller Giant like Carson Block target.
It has clear transparency in accounting and good clear business model ...!
Do ppl agree with me?
WOnder who will be the next target ?
krisluke ( Date: 30-Nov-2012 16:29) Posted:
The offshores were trading very bullishly yesterday.
Sembmar was the most bullish yesterday as it announced a contract worth of 990mil. The gap up opening caused panic among the short sellers and buying strength was immediate seen. Resistance at 4.57 was being tested yesterday and it might attempt to test the next resistance at 4.66 level if the bullishness is intact today.
Sembcorp also enjoyed a new contract which helped it to break its 20ma resistance line. Similar to Sembmar, Sembcorp also closed near to its resistance of 5.16 level and if the bullishness is sustainable today, Sembcorp might head towards its 200ma line at 5.25 level.
Kepcorp reversed its previous day losses and even traded higher, riding on the bullishness in the sector. Its bullish momentum might help Kepcorp to reach out for the next resistance at 10.83 level.
Overall, the offshore will likely to continue their bullishness today.
more on: http://www.jay-chia.com/?q=marketopinion301112 |
|
The offshores were trading very bullishly yesterday.
Sembmar was the most bullish yesterday as it announced a contract worth of 990mil. The gap up opening caused panic among the short sellers and buying strength was immediate seen. Resistance at 4.57 was being tested yesterday and it might attempt to test the next resistance at 4.66 level if the bullishness is intact today.
Sembcorp also enjoyed a new contract which helped it to break its 20ma resistance line. Similar to Sembmar, Sembcorp also closed near to its resistance of 5.16 level and if the bullishness is sustainable today, Sembcorp might head towards its 200ma line at 5.25 level.
Kepcorp reversed its previous day losses and even traded higher, riding on the bullishness in the sector. Its bullish momentum might help Kepcorp to reach out for the next resistance at 10.83 level.
Overall, the offshore will likely to continue their bullishness today.
more on: http://www.jay-chia.com/?q=marketopinion301112
you think can enter now @ 4.60?
ozone2002 ( Date: 30-Nov-2012 09:06) Posted:
now 4.6!
next resistance to break 4.7
go go go
gd luck dyodd |
|
now 4.6!
next resistance to break 4.7
go go go
gd luck dyodd
sgd 4.60
Close price : )))
Recently good for everybody in the mkt ...
Singtel big component stock move. They must move to move the STI up, which they did.
Then all Blue Chip like SMM, SCI and KEPCROP will move fast also...
Today SMM chiong UP!
Hope Up all the way even till the end of the year ...
Cheers to all,
PTL
krisluke ( Date: 29-Nov-2012 14:59) Posted:
The offshores were trading lower yesterday.
Kepcorp shows the most selling pressure yesterday as the market reversed its previous day’s gains. This action could mean that it is attempting to continue to test its 20ma support line at 10.40 level before any other bullish action could continue. Bearish signal were formed in the indicators which will greatly encourage Kepcorp to slide towards 10.40 level.
Sembcorp continues to trade flat for the last few trading sessions. 5.00 resistance level seems to be holding firmly while 20ma resistance line is getting nearer to this level. Sembcorp will likely to continue to test this resistance level today before a significant retracement might happen.
Sembmar is still stuck at its 20ma resistance at 4.40 level and was unable to break it. If Sembmar is to trade lower today, it might have confirmed its retracement and selling pressure should come after that.
Overall, the offshores are mostly trading at their resistance level and might not be able to break it. |
|
The offshores were trading lower yesterday.
Kepcorp shows the most selling pressure yesterday as the market reversed its previous day’s gains. This action could mean that it is attempting to continue to test its 20ma support line at 10.40 level before any other bullish action could continue. Bearish signal were formed in the indicators which will greatly encourage Kepcorp to slide towards 10.40 level.
Sembcorp continues to trade flat for the last few trading sessions. 5.00 resistance level seems to be holding firmly while 20ma resistance line is getting nearer to this level. Sembcorp will likely to continue to test this resistance level today before a significant retracement might happen.
Sembmar is still stuck at its 20ma resistance at 4.40 level and was unable to break it. If Sembmar is to trade lower today, it might have confirmed its retracement and selling pressure should come after that.
Overall, the offshores are mostly trading at their resistance level and might not be able to break it.
| Sembcorp Marine($4.38) — Temporary rebound underway |
| Written by The Edge |
| Monday, 26 November 2012 23:55 |
The upturn by short-term stochastics and a temporary rebound by quarterly momentum have caused a rebound. This is unlikely to be sustained, though, and resistance appears at $4.50. Medium-term indicators are somewhat negative. The initial downside target of $4.20 has been reached and breached.
If the November low of $4.11 is broken, it will cause a measured move to the downside, which could take prices marginally below $4.
|
Sembcorp Marine Bags $806.4M Drillship Order from Sete Brasil
Singapore's Sembcorp Marine, through its wholly-owned subsidiary Jurong Offshore, said Thursday in a statement that it has secured a drillship contract worth $806.4 million from Sete Brasil Participacǒ es.
The contract will be for the design and construction of a drillship based on Jurong Shipyard's proprietary Jurong Espadon drillship design.
The drillship, scheduled for delivery no later than the third quarter of 2016, is the seventh unit of a series of drillships that Sembcorp Marine’s subsidiaries have secured since February.
Maybank's analyst Yeak Chee Keong noted in an offshore and marine sector update issued earlier in November that Sembcorp Marine " should continue to win good orders as long as fundamentals in the offshore oil and gas sector remain intact."
Yeak however also pointed out that one of the risk factors that could affect Sembcorp Marine’s future performance is competition from both the traditional South Korean shipyards and the emerging Chinese shipyards.
4.56 and climbing
report from DBS
•
worth US$806.4m
SMM secures 7th drillship order from Sete Brasil
•
potential productivity gains
Additional unit enhances economies of scale,
•
YTD order wins boosted to c. S$10.5bn
•
Maintain BUY, TP S$5.20
Secures 7
th drillship order. SMM has secured its 7th
drillship newbuilding order from Sete Brasil. Worth
US$806.4m, this is in line with the average price of the five
units awarded in August. Like the other six units, this unit
will be built to SMM’s proprietary Jurong Espandon drillship
design, which is capable of operating in water depths of
10,000 feet with a drilling depth of 40,000 feet.
Additional unit enhances economies of scale.
only adding to SMM’s existing orderbook, we see this
additional order as further evidence of Petrobras’
confidence in SMM’s execution capabilities. In addition, the
multiple orders using repeat design will provide SMM with
greater economies of scale and enhances potential
productivity improvements.
While not
Contribution to earnings from 2013 likely.
scheduled for delivery no later than 3Q2016. With the first
six units to be delivered over 2Q2015 to 4Q2019, we
believe this latest order could be the second unit to be
delivered, implying maiden earnings contributions as early
as 4Q2013.
This unit is
Maintain BUY and S$5.20.
Prosafe for a second accommodation semisubmersible
worth US$295.2m announced last week, SMM’s FY12 YTD
order wins (ex repair) now stands at c. S$10.5bn vs. our full
year assumption of S$11.4bn, hence, no change to our
numbers. Net orderbook is now c. S$13.5bn. Our SOTPbased
TP of S$5.20 and BUY recommendation are
maintained. SMM remains a key proxy to the upcycle of
deepwater, harsh environment rigs. In the near term, we
see potential awards for a pair of Cat-J jackup rigs worth
> US$1bn, which could be awarded within the next 2
months.
Including the order from
too late...many would have missed the boat now...
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