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Sembmarine

Talk so much for what, wait for another hour, report will come out.

As per my understand with Sembmar, it will post better 3Q result. But it doesn't mean price will go up.

krisluke      ( Date: 05-Nov-2012 17:05) Posted: Sembcorp Marine: 3Q12 Results Preview - Strong recovery in margins unlikely said Credit Suisse

 

Sembcorp Marine: 3Q12 Results Preview - Strong recovery in margins unlikely said Credit Suisse

 

 

Although Sembcorp Marine (SembMar) has secured numerous contract from different companies, however, its price has not reflected the bullishness of such transactions on the stock itself. We can see that the prices are consolidating into a triangle. A break above the downtrend line with the resistance set at $5.05 may see prices rising to test its next resistance at $5.50. Support is detected around $4.76, which was its previous swing low. A break below this support at $4.76 may see price dropping towards its next support at $4.22.

 

[Trading Central] Sembcorp Marine: expect 4.37.

Update on supports and resistances.

Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline)	Limited Decline
Change In Short Term View	None
Medium Term View (Bullish, Range, Bearish)	Range
Change In Medium Term View	None

Pivot: 5

Our preference: Short positions below 5 with targets @ 4.37 & 4.18 in extension.

Alternative scenario: Above 5 look for further upside with 5.15 & 5.38 as targets.

Comment: the RSI lacks upward momentum.

Key levels
5.38
5.15
5
4.69 last
4.37
4.18
4.02

Copyright 1999 - 2012 TRADING CENTRAL



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breaking down of $4.66 may see $4.50 soon.

 

 

Close price:

Sembmar = $4.70 vs higher than $4.71

Sembcorp = $5.35 vs $5.25 support level

Keppel Corp = $10.60 vs rebound back above $10.60

... ...

krisluke      ( Date: 02-Nov-2012 16:05) Posted: The offshores were trading bearishly yesterday as they failed to confirm their bullish reversal. Sembcorp got hit badly as sellers targeted this laggard counter as Kepcorp & Sembmar had dropped significantly for the past few days. Sembcorp broke its 100ma support level with a strong gap down which confirmed its downtrend continuation. It will likely to head towards the next support of 5.27 level before a rebound can happen. Kepcorp failed to hold its 200ma support level and struggled to hold its recent low level of 10.55 level. It must rebound back to above 10.60 support level in order for it to be able to for a lower low formation to rebound towards its resistance of 10.80 level. Sembmar tested its support at 4.67 level yesterday and it might be preparing for a rebound. If Sembmar is able to trade higher than 4.71 level today, it will indicate a rebound towards resistance of 4.76 level. Overall, the offshores will still be the main draggers for STI before a significant rebound can occur.

 

Sembmar earning report out on 05 November 2012 (monday).

 

kep corp trading at 10.63 now

 

The offshores were trading bearishly yesterday as they failed to confirm their bullish reversal.

Sembcorp got hit badly as sellers targeted this laggard counter as Kepcorp & Sembmar had dropped significantly for the past few days.

Sembcorp broke its 100ma support level with a strong gap down which confirmed its downtrend continuation. It will likely to head towards the next support of 5.27 level before a rebound can happen.

Kepcorp failed to hold its 200ma support level and struggled to hold its recent low level of 10.55 level. It must rebound back to above 10.60 support level in order for it to be able to for a lower low formation to rebound towards its resistance of 10.80 level.

Sembmar tested its support at 4.67 level yesterday and it might be preparing for a rebound. If Sembmar is able to trade higher than 4.71 level today, it will indicate a rebound towards resistance of 4.76 level.

Overall, the offshores will still be the main draggers for STI before a significant rebound can occur.

 

 

[Trading Central] Sembcorp Marine: watch 4.37.

Update on supports and resistances.

Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline)	Limited Decline
Change In Short Term View	None
Medium Term View (Bullish, Range, Bearish)	Range
Change In Medium Term View	None

Pivot: 5

Our preference: Short positions below 5 with targets @ 4.37 & 4.18 in extension.

Alternative scenario: Above 5 look for further upside with 5.15 & 5.38 as targets.

Comment: the RSI has broken down its 30 level.

Key levels
5.38
5.15
5
4.69 last
4.37
4.18
4.02

Copyright 1999 - 2012 TRADING CENTRAL



Click to view chart in actual size.

 

Sembcorp Marine:

" Going under the sun for a yard tour."

Maintain BUY,

                                                                                    TP $5.70

By DMG

 

SMM:

OSK hosted 18 fund mgrs and analysts for a shipyard tour to SMM’s Jurong Shipyard and Integrated Tuan New Shipyard.

Jurong Shipyard is busy with jackup orders and several upgrade projects. On the other hand, the construction of the New Tuas Yard is progressing well.

Notes two drydocks are ready to start repair work in mid-2013, while the construction of drydock No.3 and No.4 are ahead of schedule and will be ready in 2014.

Phase One capex is ~$900m, up from its original budget of $750m as some facilities for Phase Two were pushed forward.

At the start, SMM will move the repair jobs from Jurong Shipyard to Tuas and Jurong will focus on newbuilds.

OSK believes the new yard is well located and is poised to benefit from the opening of the Singapore LNG terminal in mid- 2013 and the relocation of the container port to Tuas over the longer term.

With the new drydocks, the biggest in Singapore, SMM will also be able to serve bigger ships like the VLCC and the Triple-E 18k TEU containership ordered by Maersk.

The house maintains at Buy with SOTP-based TP of $5.70, based on

i) shipyard operations at 18x FY12/13F earnings

  ii) adjusted for $1.17b cash and

iii) Cosco Shipyard Group at 8x P/E and stake in Cosco Corp at market value

 

 

　 from DMG

Going under the sun for a yard tour

Last wee k, we hosted 18 fund managers and analysts for a shipyard tour to SMM’s Jurong Shipyard and Integrated Tuas New Shipyard. The tour allowed us to differentiate the two shipyards and we left the visit impressed by the potential of the Tuas New Yard. Jurong Shipyard is busy with jackup orders and several upgrade projects. On the other hand, the construction of the New Tuas Yard is progressing well and two drydocks are ready to start repair work in mid-2013. In our view, the new yard is well located and is poised to benefit from the opening of the Singapore LNG terminal in mid- 2013 and the relocation of the container port to Tuas over the longer term. Maintain BUY with a TP of S$5.70. Two drydocks ready to take in repair work by mid-2013. Drydock No.1 and No.2 will be able to undertake repair jobs in Jun/Jul 2013 while the construction of drydock No.3 and No.4 are ahead of schedule and will be ready in 2014. Phase One capex is around S$900m, up from its original budget of S$750m as some facilities for Phase Two were pushed forward. At the start, SMM will move the repair jobs from Jurong Shipyard to Tuas and Jurong will focus on newbuilds. Eyeing customers with mega ships and LNG work. With the new drydocks, the biggest in Singapore, SMM will be able to serve bigger ships like the VLCC and the Triple-E 18k TEU containership ordered by Maersk. SMM will also be eyeing more LNG work with the opening of the Singapore LNG terminals in 2013. Annual ship repair revenue could increase by +70% by 2014. Currently, SMM generates S$700m ship repair revenue per annum and we estimate this to rise to S$1.2b by 2014. We estimate that ship repair work could generate cash flow of S$200-250m per annum in 2014, equivalent to S$0.10/share to S$0.12/share. Valuation: Maintain BUY with an unchanged TP of S$5.70. SOTP-derived TP: (1) shipyard operations at 18x FY12/13F earnings (2) adjust for S$1.17b cash (3) Cosco Shipyard Group at 8x P/E and stake in Cosco Corp at market value. FYE 31 Dec (S$m) FY10 FY11 FY12F FY13F FY14F   Turnover 4,555 3,960 4,590 5,710 6,726   Reported net profit 860 752 596 660 782   % Chg YoY 22.9 -12.6 -20.8 10.7 18.6   Consensus nm nm 523 730 819   EPS (S$ cents) 41.4 36.1 28.5 31.6 37.5   DPS (S$ cents) 36.0 25.0 15.0 15.0 15.0   Div Yield (%) 7.6 5.3 3.2 3.2 3.2   ROE (%) 38% 30% 24% 25% 25%   ROA (%) 17% 15% 11% 11% 11%   P/E (x) 11.4 13.0 16.5 14.9 12.6   P/B (x) 3.8 4.1 4.0 3.5 3.0

 

The offshores were mostly trading mixed yesterday after being targeted by the sellers.

Kepcorp managed to halt its losing streak yesterday by closing with a dragonfly doji. This indicates that its support at 10.60 level is holding strongly and could be ready for a rebound. If Kepcorp is able to trade above 10.69 level today, it will confirm its rebound which have an upside target of 10.75 – 10.80 level.

Sembmar, which has been following Kepcorp’s footstep, did not confirm its hammer formation yesterday. Instead, it broke its support and fell further towards its next support at 4.67 level. It will likely to continue to test this support before any significant rebound could happen.

Sembcorp, which has not been moving in tandem with the rest, is still holding at its 100ma support level well. This support at 5.38 level must hold or else it will indicate a continuation of downtrend towards next support of 5.24 level overall, the selling pressures are starting to weaken in the offshore sector.

 

 

i am hoping it can go back n test the low of $4.3 if not anything below $4.7 is a gd buy considering

it's big order book

gd luck dyodd

rotiprata      ( Date: 29-Oct-2012 18:19) Posted: bros, today dipped  quite a lot...got  buy or not???...i  went in at 4.73    ozone2002      ( Date: 27-Oct-2012 12:29) Posted: looking to buy on dip.. gd luck dyodd..

 

shortlist is laughing now . $4.50 soon.

 

bros, today dipped  quite a lot...got  buy or not???...i  went in at 4.73   

ozone2002      ( Date: 27-Oct-2012 12:29) Posted: looking to buy on dip.. gd luck dyodd..

 

looking to buy on dip..

gd luck dyodd..

 

[Trading Central] Sembcorp Marine: the downside prevails.

Update on supports and resistances.

Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline)	Limited Decline
Change In Short Term View	None
Medium Term View (Bullish, Range, Bearish)	Range
Change In Medium Term View	None

Pivot: 5.05

Our preference: Short positions below 5.05 with targets @ 4.63 & 4.37 in extension.

Alternative scenario: Above 5.05 look for further upside with 5.15 & 5.38 as targets.

Comment: the RSI is bearish and calls for further downside.

Key levels
5.38
5.15
5.05
4.85 last
4.63
4.37
4.18

Copyright 1999 - 2012 TRADING CENTRAL



Click to view chart in actual size.