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The offshores continued to slide further yesterday as they failed to hold their support levels.
Kepcorp continue its downtrend movement and is now getting nearer to its recent low of 10.28 level. 10.28 will likely to be tested today and if it breaks, it will indicate a continuation of downtrend towards next support at 10.00 level.
Sembcorp broke its support at 4.95 level and was quick to test its next support at 4.90 level. Sembcorp will likely to hold at this support level before a more decisive action can happen.
Sembmar slide lower yesterday and broke multiple MA lines. It had confirmed its lower low formation after breaking 4.36 support level. It will likely to test its next support at 4.30 level today.
Overall, the offshores are likely to show a little more selling pressure today.
August 20, 2013
Sembcorp Marine Signs MOU with Partners Saudi Aramco and Bahri
Singapore, August 20, 2013 : Sembcorp Marine has signed a Memorandum of Understanding (MOU) with Saudi Aramco and the National Shipping Company of Saudi Arabia (Bahri), one of the largest shipping companies in the world, with the objective of preparing a detailed feasibility assessment aimed at the development of a world-class maritime yard in the Kingdom of Saudi Arabia.
The intended maritime yard will provide engineering, manufacturing & repair services related to rigs, platforms, commercial vessels and offshore service vessels. Saudi Aramco is committed to leveraging its current and future business needs to actively promote economic development in the Kingdom and to ensuring local availability of world class services to support its growing national and international portfolio. Saudia Aramco?s subsidiary Vela International Marine Ltd merger with Bahri in November 2012 would enable both partners to contribute to the development of the maritime sector, economic growth and job creation in the Kingdom.
Further details will be announced upon completion of the feasibility assessment.
The above is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2013.
For media and analysts? queries, please contact:
Ms Judy Han
Senior Vice President
Investor Relations & Communications
Tel: 65-62627203
Email: judy.han@sembmarine.com
Website: www.sembmarine.com
Saudi giants mull yard with SembMarine for the Kingdom
Bahri ceo Saleh Al-Jasser
Saudi Aramco, Bahri and Singapore's Sembcorp Marine have signed an MOU to prepare a feasibility study for the construction of an offshore-focussed " maritime yard" in Saudi Arabia.
The Saudi oil major and Singaporean shipyard and engineering group have already completed preliminary studies for the yard, and were joined yesterday by predominantly tanker-owning Bahri.
If given the go-ahead, the yard will provide engineering, manufacturing and repair services for offshore structures, OSVs and commercial vessels. For Bahri, previously the National Shipping Company of Saudi Arabia, the initiative will be handled by their newly founded gas and offshore business unit which will also explore other investment opportunities in the offshore sector.
The MOU is valid for 15 months, or until an investment deal is made or the plans scrapped.
© Copyright 2013 Seatrade Communications Limited. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Communications Limited.
Tuesday, 20 August 2013 09:26
Bahri Joins SAUDI ARAMCO and Sembcorp Marine in KSA Maritime Yard Initiative
The National Shipping Company of Saudi Arabia Bahri announced that on August 19 2013 it entered into a Memorandum of Understanding MOU with SAUDI ARAMCO and Sembcorp Marine Ltd.
A leading global marine and offshore engineering group based in Singapore Under this MOU the three parties will prepare a detailed feasibility assessment towards the development of a world class Maritime Yard in the Kingdom of Saudi Arabia.
The MOU is valid until an investment decision is made or terminated within 15 months from its effective date.
Saudi Aramco and Sembcorp Marine Ltd have previously completed preliminary studies leading to this detailed assessment phase which Bahri is now participating as a new partner.
The intended Maritime Yard will provide engineering manufacturing and repair services related to rigs platforms commercial vessels and offshore service vessels.
Within Bahri this initiative will be managed by the Gas & Offshore Business Unit currently being established. This unit shall also explore other investment opportunities in the promising offshore services industry in pursuance of the company strategy to grow and diversify its business activities.
The financial implications of this venture on Bahri will only be established upon completion of the feasibility assessment which will include all activities from construction operations and commercial planning to supply chain development required for the three equity partners to make a final investment decision.
BAHRI, August 20, 2013
The baby blue trendline showing support at $4.325 ... ..
Anyone bot sembmar today for an rebound ? ??
Hey, anyone notice the bearish tweezers top pattern shown on sembmar chart yesterday?
Does the pattern above illustrate similar two days candlestick pattern of sembmar ... ...
Sembcorp Marine ST: turning down.
Update on supports and resistances.
Pivot: 4.6
Our preference: Short positions below 4.6 with targets @ 4.15 & 4 in extension.
Alternative scenario: Above 4.6 look for further upside with 4.85 & 5.15 as targets.
Comment: the stock has broken below its key support and remains on the downside.
Key levels
5.15
4.85
4.6
4.34 last
4.15
4
3.65
Copyright 1999 - 2013 TRADING CENTRAL
...Other ?avoids? on JP Morgan?s list are the shipyards SembMarine and Cosco.
For SembMarine, the investment bank expects margins to be tight due to its new Singapore yard and low initial margins on Brazil drillships, among other factors. ...last: $4.33...
Any one still remember Modh Hassan Marican?
I remember few years ago when he appointed as a director, the sembmar shares olso drop..
Sembcorp Marine appoints Mohd Hassan Marican as deputy chairman
Sembcorp Marine has named former Petronas chief Mohd Hassan Marican (above) as deputy chairman.-- FILE PHOTO: SEMBCORP MARINE
By Dennis Chan
Sembcorp Marine has named former Petronas chief Mohd Hassan Marican as deputy chairman.
Appointed a director on Oct 1, 2011, Mr Mohd Hassan Marican also serves as a member on the board's audit committee.
Chairman Goh Geok Ling said he was pleased that Mr Mohd Hassan Marican had accepted the appointment.
" His extensive experience in the oil and gas industry coupled with his vast knowledge in finance and management would be invaluable to the group."
| Miscellaneous |
| * Asterisks denote mandatory information |
| Name of Announcer * |
SEMBCORP MARINE LTD |
| Company Registration No. |
196300098Z |
| Announcement submitted on behalf of |
SEMBCORP MARINE LTD |
| Announcement is submitted with respect to * |
SEMBCORP MARINE LTD |
| Announcement is submitted by * |
Tan Yah Sze |
| Designation * |
Joint Company Secretary |
| Date & Time of Broacast |
20-Aug-2013 09:13:30 |
| Announcement No. |
00018 |
| Price Sensitivity |
No |
| > > Announcement Details |
| The details of the announcement start here ... |
© 2013 SGX News
The offshores were trading lower yesterday.
Kepcorp failed to hold at is support of 10.44 level yesterday and it is likely to trade lower currently as it have confirmed its formation of a lower high. The major support of Kepcorp is at 10.28 level and it will likely to be tested soon.
Sembcorp failed to how at its MA support lines and fell further to test its horizontal support at 4.95 level. This support level will likely to continue to be support Sembcorp today. However, if it fails to hold, Sembcorp will be sliding lower towards its next support of 4.95 level.
Sembmar seems to attempting a rebound yesterday but it failed to gain bullish momentum. It will likely to test its support at 4.36 level again before its attempt to rebound will be fruitful.
Overall, the offshores are now closer to their support levels but they will likely to trade slightly lower till they rest at their support levels.
The Three Numbers That Make SembCorp Marine Float
As investors, it?s common to focus our attention on a company?s earnings growth and dividend yield as a gauge for the bangs for bucks we are paying for. But, there?s actually another useful yardstick for us to examine to see if we are getting good returns on our money.
Cue the entrance of the Return on Equity. My Foolish colleague David Kuo humorously ? and aptly ? calls it a ?one-duck-eat-three-ways-meal? because the yardstick can be split into three individual components in what?s widely known as the DuPont Analysis.
The Dupont Analysis in turn, provides us with useful insights into what makes a company tick.
Sembcorp Marine (SGX: S51) is the marine engineering arm of Sembcorp Industries (SGX: U96), which also provides energy and water-related utilities services.
The former has a high Return of Equity of 23%. In comparison, the average for the 30 companies that make up the Straits Times Index (SGX: ^STI) is only around 10%. So, this makes Sembcorp Marine more than twice as effective at making a profit on every dollar of shareholder capital it holds.
But where does it shine though?
With a Net Profit Margin of 12%, Sembcorp Marine is not as adept at turning sales into profit when compared to the market-average of 19%. The Net Profit Margin tells us the amount of profit made per dollar of revenue.
Looking at the Asset Turnover Ratio, which measures the amount of sales generated on each dollar of asset, we see the company faring slightly better. It has a turnover of 0.82 compared to the market-average of around 0.5
That leaves us with the Leverage Ratio, which is the amount of assets a company has acquired in relation to its equity. In other words, it is also a measure of the amount of liabilities a company has taken on to acquire income-producing assets. Sembcorp Marine has a Leverage Ratio of 2.3, which is higher than the market average of 1.7.
Putting it all together, we now have a better idea on what makes Sembcorp Marine float. Its high Return on Equity of 23% has been achieved through a Net Profit Margin of 12%, Asset Turnover Ratio of 0.82 and Leverage Ratio of 2.2.
It seems that Sembcorp Marine has managed to attain its above-average Return on Equity through a better grasp at utilising assets to generate sales and to effectively lever up its shareholder funds to acquire income-generating assets.
Interestingly, the company has been seeing a declining Return on Equity. The figure previously stood at 34% in 2010 and 29% in 2011. Upon closer inspection, the biggest culprit was the drop in Net Profit Margins from 19% (in both 2010 and 2011) to 12% currently. It might be worthwhile for investors to keep a watchful eye on Sembcorp Marine?s profit margins in the future.
The offshores were mostly trading in the red zone yesterday.
Kepcorp continues to struggle on the upside as it fails to break the 20ma resistance line at 10.60 level. It had attempted to retrace yesterday but buyers were supporting at 10.44 level. However, with the bearish closing, Kepcorp will likely to continue to head lower today to test 10.44 support level again.
Sembmar also suffered selling pressure yesterday but it is mainly due to its ex-dividend of 5cts. Its support at 4.40 held well after its attempt to break it. Sembmar will also be holding and testing its support at 4.40 level today.
Sembcorp held its grounds well without any gains or losses. However, it had tested its support at 5.02 level yesterday and it seems to be holding well. Sembcorp will likely to consolidate at 5.02 level before and upside can be seen.
Overall, the offshores will likely to see some selling pressure but their support levels prevent further downside movement.
| Change in Capital :: Sale/transfer/cancellation and/or use of Treasury Shares |
* Asterisks denote mandatory information |
| Name of Announcer * |
SEMBCORP MARINE LTD |
| Company Registration No. |
196300098Z |
| Announcement submitted on behalf of |
SEMBCORP MARINE LTD |
| Announcement is submitted with respect to * |
SEMBCORP MARINE LTD |
| Announcement is submitted by * |
Tan Yah Sze |
| Designation * |
Joint Company Secretary |
| Date & Time of Broacast |
16-Aug-2013 06:43:42 |
| Announcement No. |
00003 |
| Price Sensitivity |
No |
| > > Announcement Details |
| The details of the announcement start here ... |
© 2013 SGX News
almost a " classic" hammer , the lower wick is twice as long as the candle body .
$4.40 [Error]
$4.43 closing today = Black Hammer. .. ...
krisluke ( Date: 15-Aug-2013 16:06) Posted:
| Today, $4.40 closed = black hammer ... ... |
|
Today, $4.40 closed = black hammer ... ...
SEMBCORP MARINE LTD
| Particulars : |
SGD 0.05 ONE-TIER TAX |
| Ex-date : |
15 Aug 2013 |
| Buy-In Last Cum Date : |
19 Aug 2013 |
| Record Date : |
19 Aug 2013 |
| Date Paid/Payable : |
29 Aug 2013 |
|
Last updated on 08/03/2013 03:00:29 AM
|
The offshores were struggling to keep its heads up yesterday and closed slightly lower.
Kepcorp continues to face resistance from the 20ma line at 10.60 level and was unable to break it yesterday. With its bearish hanging man pattern formed, Kepcorp is running the risk of having a retracement action to form lower high formation.
Sembcorp failed to head higher to test its resistance at 5.10 level, instead, it head back towards its support at 5.02 level. Sembcorp will likely to attempt to test 5.02 support level again today.
Sembmar continues to struggle on it?s upwards movement as it ended slightly lower yesterday. With its ex-dividend of 0.08cts tomorrow, it will likely to create some downside pressure tomorrow.
Overall, the offshores will likely to start facing selling pressure today as their upside had been capped.
