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report on OCBC report .. no wonder the jump
Sembcorp Marine: Additional US$806.4m drillship order secured
Sembcorp Marine (SMM) announced that it has secured a drillship contract worth US$806.4m from Sete Brasil for the design and construction of a drillship based on the former’s proprietary Jurong Espadon design. This is the seventh unit of a series of drillships that SMM has secured since Feb this year (price is same as earlier drillships), and is scheduled for delivery no later than 3Q16. Given the relatively early delivery date, we think this may be an order that was originally slated to be built by another Brazilian shipyard that had secured orders from Sete Brasil. Recall that execution issues have resulted in construction delays at that particular yard, and we mentioned the possibility of SMM securing additional work likely by the end of this year or early next year. Meanwhile, we expect more work to come. The group has secured new orders worth S$10b YTD, exceeding our S$9.5b new order estimate. MaintainBUY with S$5.84 fair value estimate. (Low Pei Han)ozone2002 ( Date: 29-Nov-2012 09:09) Posted:
semb mar jumped 2% to 4.47
good stocks never fail
gd luck dyodd |
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semb mar jumped 2% to 4.47
good stocks never fail
gd luck dyodd
Check out why Sembcorp Marine might just strike it lucky
Disappointing 29% PATMI is seeing hope.
According to Nomura, a robust order book worth SGD12.1bn provides earnings visibility in a tougher operating environment marked by intensifying competition among rig builders.
Here's more from Nomura:
SMM’s 9M12 results disappointed with PATMI down 29% y-y to SGD371mn on lower revenue recognition and forex loss of SGD14.8mn. Though EBIT margins improved on q-q basis to 14.1% from 13.1% in 2Q12, the pace of revenue booking was slower than our as well as consensus expectations.
EBIT margins coming in above our estimates of 12%/12.3% for FY13/14F will be a key positive as will be additional new orders, especially for accommodation semi-subs (3 options from Prosafe) and FPSO topside modules. We believe semi-sub new orders can stage a recovery in 2013.
SMM is currently trading at FY13/14F P/Es of 17.2x/15.2x, with P/B at 3.1x/2.8x, in the mid-range of the historical trading band of 8-28x for P/E and 1.5-4.5x for P/B. Average FY12-14F ROE stands at 23% while FY13F dividend yield is attractive at 4.2%.
A Fortune Bird spotted near jurong shipyard .....
Interesting .
No Shiok on scaffold Work ? ??
How abt this !!!
YES !!!
A SUPER STRUCTURE !!!!
CALLLING !!! FIRST CALL!!! FOC!!!!
TRAINING FOR " ZERO FIGHTER" !!!!
Marine bond for NS ? ???
YES !!! Up and dwn the scaffold work.
An excellent training ground for muscles building.
This " pic" taken in jurong shipyard canteen in 1974.
Make up of malaysia (penang) and locals.
Most of them at that time opts for marine bond
To make $$ $$ than NS ... ...
$4.40 ....
Hmmm BUY ? SELL ? ??
The offshores ended bearishly yesterday despite a bullish start. This shows that sellers are attracted to this sector after its strong rebound last week.
Kepcorp lead the sell down yesterday. It gap up opening failed to sustain as the resistance from the 200ma at 10.70 level forced sellers to enter the market. Bearish engulfing was formed and it coupled with bearish signal from the Stochastic retracement is likely to happen now. Kepcorp could either be retracing towards its 20ma line at 10.42 or its gap support between 10.28 – 10.40 levels.
Sembmar also formed a bearish candle and got resisted by the 20ma resistance line at 4.43 level. This could lead to a retracement towards its gap support between 4.28 – 4.30 levels.
Sembcorp continues to struggle to close higher but have yet to test its 20ma resistance at 5.07 level. It could attempt to test this resistance today as there is not clear bearish signal in its indicators yet.
Overall, the offshores might start its retracement today as it had lost its bullish strength.
More on: http://www.jay-chia.com/?q=marketopinion271112
Hey cheers,
Tks for sharings.
cheerstan2002 ( Date: 27-Nov-2012 12:26) Posted:
so do u think, SEMB crop got great chance to move up maybe above 4.42?
Sorry that I am no good with bollinger band ... I only see great buying & selling at 4.37.
Thanks
krisluke ( Date: 26-Nov-2012 23:19) Posted:
| bollinger mid band is the key to higher and close up the gap... |
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so do u think, SEMB crop got great chance to move up maybe above 4.42?
Sorry that I am no good with bollinger band ... I only see great buying & selling at 4.37.
Thanks
krisluke ( Date: 26-Nov-2012 23:19) Posted:
| bollinger mid band is the key to higher and close up the gap... |
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bollinger mid band is the key to higher and close up the gap...
Sembcorp Marine ST: rebound in sight.
Update on supports and resistances.
Pivot: 4.09
Our preference: Long positions above 4.09 with targets @ 4.65 & 4.77 in extension.
Alternative scenario: Below 4.09 look for further downside with 3.77 & 3.63 as targets.
Comment: the RSI is well directed.
Key levels
4.94
4.77
4.65
4.42 last
4.09
3.77
3.63
Copyright 1999 - 2012 TRADING CENTRAL
Sembcorp Marine: Citi maintains Buy, TP 5.40 from 6.10, Strong Orderbook prospects, but shadowed by Margin Concerns.
House lower earnings forecast to reflect lower revenue recognition and margin assumptions, but believe that street concerns over its prospects are overdone.
SMM remains a viable play on the strength of the E& P cycle and its enlarged product mix has broadened its market opportunity.
House cut 2012-13E EPS by ~4-11% (largely on lower margin projections) but raise 2014E by ~6% (higher repair contributions & drillship revenue recognition).
With the stock trading below mid-cycle valuations, the recent weakness could be an enhanced buying opportunity.
No problem !! Citi is buying .It mentioned 2013-2014 again... Must be the new Yard... ...
From DBSV Nov 26th
On the economic front, Singapore is expected to enter into a slow growth environment going into 2013. Growth will be below potential while inflation will be higher than normal, continuing the stagflation since 2011. With the expected slowdown in the domestic economy, we would prefer to go for stocks with exposure to the emerging economies or global. These include stocks that are potential beneficiaries to a recovery in the Chinese economy - Capitamall Asia, HPH Trust, Midas, Sound Global and Wilmar, which we have highlighted earlier. On the global front, our picks are Keppel Corp and SembCorp Marine.
U tell me the weather in singapore like this ? ??
Qoute !! !!!
schedule may be delayed due to raining days ... ...
Supported by share buyback, and doubt sustainable.
The offshores continued its rebound with strong bullish action yesterday.
Sembcorp surprisingly rebounded very strongly despite its unwillingness to rebound on the previous day. Its action today broke its immediate resistance level of 4.93 level and could be heading to test its next resistance of 5.08 level.
Kepcorp gapped up strongly and went even higher within the day. 20ma resistance at 10.50 level was broken and it managed to close significantly higher than the resistance. The next resistance level that Kepcorp will likely to test will be 10.62 level.
Sembmar also followed the sector’s momentum and rebounded towards 20ma line. Its resistance at 4.35 level was broken easily and will likely to test the gap resistance between 4.47 – 4.67 levels.
Overall, the offshores will likely to continue its bullish streak but their resistance level are getting close soon.
http://www.jay-chia.com/?q=marketopinion231112
YES!!! Plate cutting ceremony for new building.
That's the time the price goes up.
Anyone insider " tip" for such a ceremony....
jamesng ( Date: 25-Nov-2012 09:33) Posted:
| Oh, so it suggest a sell in the chart below.......anyone can other views? Perhaps I should take out my my queue on monday |
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As for now...it's safer if stay above $4.40 with good vol. but if go below $4.30...can forget it liao.
jamesng ( Date: 25-Nov-2012 09:33) Posted:
| Oh, so it suggest a sell in the chart below.......anyone can other views? Perhaps I should take out my my queue on monday |
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