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In fact in terms of the all the blue chips's % drip drop during the Lehman crisis, SGX drops the least, whereas these 3 counters sembmarine, kepcorp, citidev drops the most in terms of % during that time.
Even kepcorp got crash from above $12 to below $4 but SGX just stay firmly above $4.
I think maybe BBs think even in crisis people also will trade shares, meaning they short-sell and they cut-loss too hence generating volume for SGX hence SGX didn't drop that badly like sembmarine, kepcorp, citidev during crisis
No lah . you are wrong.
SGX at $1.10 is not a few years ago, it's many many years ago. I think more than 10 years ago.
Even during Lehman crisis in late 2008, SGX lowest was around $4 plus during that time
Whereas Sembmarine $1.20 is really happen 2-3 years ago in late 2008/early 2009 period.
Although Sembmarine won't drop to $1.20 but my earlier point is if STI really enter a short bear market, then sembmarine will fall in greater percentage than most blue chips, $2.80-$3 don't say not possible if STI falls to 2600-2700 next year
wangwa ( Date: 16-Nov-2012 22:29) Posted:
| Yes. Noted. SGX used to be $1.10 a few donkey years ago too |
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Avoid shipbuilding company. Shipbuilding company is the most fragile and may not recover like 2009 if the crisis really come.
I think 1.2 was during the Lehman Brothers Crisis period.
Do not think SembMar will drop to that level unless a crisis of similar magnitude strikes.
whencanchange ( Date: 16-Nov-2012 20:41) Posted:
BTW, I used to play this Sembmarine stock at $1.20plus a few rounds a short few years ago,
hence a gentle reminded that this Sembmarine used to be at $1.20plus a few short years ago,
hence hope no heart attack for those vested. haha
Ya I also notice in recession/bear market this Sembmarine always fall more steeply than Sembcorp.
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Yes. Noted. SGX used to be $1.10 a few donkey years ago too
BTW, I used to play this Sembmarine stock at $1.20plus a few rounds a short few years ago,
hence a gentle reminded that this Sembmarine used to be at $1.20plus a few short years ago,
hence hope no heart attack for those vested. haha
Ya I also notice in recession/bear market this Sembmarine always fall more steeply than Sembcorp.
oil under usd 86.. ..
keppel corp 
more than the two sembs
can buy some sembcorp / keppel corp olso.
Usually sembcorp outrun sembmar. It was like that before the economy crisis.
Div wise ... ... keppel is the best.
For now on , sembmar utmost task was to at least announce a beat expectation earning quarter !! !!whencanchange ( Date: 16-Nov-2012 14:08) Posted:
BTW, roughly how long u guys think Sembmarine will take to reach $5?? 1 year or more than 3 years haha? My young broker she said within the next 12 months.
I got holding power. Waiting to buy more |
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Golden Opportunities...
A must buy at second gap up ! !!
hey all,
Study the price action below... ....
I didn't realise that there was another mild gap up at $4.0313 support.
which $4.2214 gap up alredi being filled.
It seems that a real rebounce could start somehow during the second gap up.
I think $4.00 is a psyco level... ...
krisluke ( Date: 15-Nov-2012 17:07) Posted:
krisluke ( Date: 06-Nov-2012 12:50) Posted:
Must stay above this 5.00 level or more downside possible. Note that this 5.00 support was broken in Aug last year which saw this counter hit a low of 3.05 in Oct. Might find a new support at 4.50.
Some analysts call for $4.20 ... ... |
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Until the Petrobras project start building in Brazil shipyard and Mega Yard is completed.
Due to 2 shipyards are building, the cash on hand is drop from 2 billion to 1 billion. The cash will drop further and may affect their dividend distribution in April.
whencanchange ( Date: 16-Nov-2012 14:08) Posted:
BTW, roughly how long u guys think Sembmarine will take to reach $5?? 1 year or more than 3 years haha? My young broker she said within the next 12 months.
I got holding power. Waiting to buy more |
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BTW, roughly how long u guys think Sembmarine will take to reach $5?? 1 year or more than 3 years haha? My young broker she said within the next 12 months.
I got holding power. Waiting to buy more
how many lots u bought at $4.35? are u still holding on or u cut loss liao?
I myself bought 3 lots few days ago.
grhu8175 ( Date: 16-Nov-2012 07:47) Posted:
I trade this stock a few times, most of it timed correctly other than this time round.
Got at 4.35, but didnt sell at 4.44 cos too greedy :(
Nevertheless, this stock always bounce back strongly once market stabilizes and will converge towards the price of SembCorp from my observations.
Downside is that it may hit below $4 before if start recovering.
Lastly, with oil price expected to start jumping on Isreal's war, maybe orders will increase?? |
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For value investor this is good ... Cause from FA point of view... Price of oil will just goes up in the long run... And Sembmar will surely benefit with kep corp
4.18 Broke. Maybe will really Hit $4
Sembcorp Marine ($4.40) — Short term oversold
| Written by The Edge |
| Monday, 12 November 2012 23:11 |
Short-term stochastics is at the bottom of its range and should be turning up next week (Nov 12 to 16). That could trigger a temporary bounce towards the bottom of the gap at $4.49. In the medium term, though, technicals are negative. As prices broke down below its moving averages at the $4.80 level last month, volume expanded.
The breakdown indicates an initial downside of $4.20. Note that quarterly momentum has broken below a support and its equilibrium line.
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I trade this stock a few times, most of it timed correctly other than this time round.
Got at 4.35, but didnt sell at 4.44 cos too greedy :(
Nevertheless, this stock always bounce back strongly once market stabilizes and will converge towards the price of SembCorp from my observations.
Downside is that it may hit below $4 before if start recovering.
Lastly, with oil price expected to start jumping on Isreal's war, maybe orders will increase??
Good portfolio. But bank stock always sensitive to economic condition.
And yes, blue chips can weathered a downturn.
neutral ( Date: 15-Nov-2012 01:03) Posted:
I intend to buy tomorow.
I think I'll buy 5 lots tomorow first batch and will pick up, NO contra for blue chips. Currently my GIRO-linked bank account with my brokerage account left exactly $93,200. Currently I only have a few different REITS, Singtel & OCBC in my CDP account
Like what that howe said, for blue chips with good dividend yield can buy/accumalate for long-term. I've been waiting/monitoring for sembmarine since July till now.
Andrew ( Date: 15-Nov-2012 00:38) Posted:
I bought 10. You buying ??
Seems like still falling, FC take a serious note. I thought they need to settle it before due date as all the rating agencies have been said that they will downgrade if not resolve. AAA at stake here.
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