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Sembmarine

SMM

SMM: Credit Suisse expects 2Q12e operating profit of $180m (1Q12: $120m). The house forecasts an operating margin of 13-14%, citing KEP's sequential decline in underlying O& M margin in 2Q12.

This compares with consensus/mgt's expectations of 15% margins and above. Bloomberg consensus tips 2Q12e net profit of $167m. SMM results are due tmrw.

According to Upstream, Petrobras is set to award

contracts worth c. US$4.5bn for the construction of

topsides for 6 of 8 replica FPSO vessels over the next few

days. The contracts for the remaining 2 units will be

awarded in the next 18 months. These were the potential

contracts we have highlighted previously. Among the

shortlisted yards reported to be receiving these contracts

imminently are Keppel Corp and Sembcorp Marine, apart

from 4 other players - DM Construtora de Obras /TKK

Engenharia, IESA Oleo e Gas, Tome Engenharia/Ferrostaal

Industrieanlagen, Mendes Jr Trading Engenharia/OSX

Construção Naval. Each unit is expected to worth c

US$750m.

Are you betting on the 2nd qn results?

New123 ( Date: 20-Jul-2012 11:51) Posted:

shorted sembmarine

Mood quite bearish despite DOW and Euro seeming to settle down. May not be a good sign. Apart from the few local events (Heinekan and APB, F& N) most others are in the red. Think Yogi is still hanging around the woods....

lowchia ( Date: 19-Jul-2012 21:34) Posted:

On Thursday, Sembmar re-test the support at $4.94 and closed at $4.96 with HIGH volume of 6.58 million shares traded.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

RSI & MACD are flat as RSI trend sideways.

Important Resistance of Sembmar: $5.05

Immediate Support of Sembmar: $4.94

Currently prices are supported by 20/50 days MA at $4.94

Since 4/July, prices have been consolidating ........... READ MORE

Sembcorp Marine ($4.70) — Within a base formation

Written by The Edge

Monday, 02 July 2012 17:07

Sembcorp Marine ($4.70) — Within a base formation

Written by The Edge

Monday, 02 July 2012 17:07

Quote this article on your site

Keppel and Sembcorp to benefit from new Brazilian orders

21 rigs are awaiting the big shipping lines by 12 September.

According to CIMB, favourable newsflow on Petrobras rigbuilding orders appears imminent for the shipyards as Upstream reported that Sete Brasil could ink the final contracts for the remaining 21 rigs by 12 September.

Here's more from CIMB:

The publication also suggested that SMM has received the LOI for the remaining five drillships worth S$5bn. This follows Keppel’s Apr 12 announcement of the LOI for five semi-subs (S$5.2bn). Our top pick is SCI as it is less
susceptible to volatile prices and is the cheapest at 6x CY13 EV/EBITDA vs. KEP and SMM’s 11x.

Upstream reported that Sete Brasil has signed LOIs with four shipyards to build the remaining 21 rigs. The shipyards are Keppel BrasFELS, Odebrecht, Sembcorp Marine’s Estaleiro Jurong Aracruz and Engevix. Petrobras is also expected to sign the back-to-back charters with Sete Brasil between July and September 2012.

We believe that final construction contracts with the shipyards could coincide with Petrobras’s signing of charter contracts. There has been no announcement from Sembcorp Marine on the LOI as we think that pricing negotiations could still be ongoing, with room for improvement. Success in clinching Petrobras orders should put the Singapore yards on track for our 2012 contract wins target of S$9.2bn for Keppel and S$10.2bn for Sembcorp Marine.

Watch out for SembMar & Kepcorp securing contracts in the coming months

Petrobras approves construction of 6 semisubs more

projects on the horizon which could provide near term

catalysts for Keppel Corp and SembCorp Marine

Petrobras has approved the construction of 6 newbuild

semisubmersibles in a contract with Sete Brasil. We believe this

could signal impending conversion of Keppel Corp’s existing

LOI into a firm contract, a positive near term catalyst, in our

view. We believe this latest development also implies that we

could be approaching the tail-end of Petrobras’ protracted 28-

rig contracting process, and that SembCorp Marine could also

announce firm orders for the remaining 5 Petrobras drillships.

We believe this could be worth c. US$4bn. Separately,

Upstream reported that contract signing for the chosen yards

will now take place between July and September 2012.

Apart from the 28-rig newbuilding programme, we note more

Petrobras-related projects on the horizon. These include

fabrication and integration contracts for 8 Petrobras-owned

FPSOs and integration work for 2 chartered Petrobras-bound

FPSOs. We believe KEP and SMM are keen contenders for

these projects given their track record in this segment.

wow cheong arhhhhhhhhhh 5.85 to $6.00

ozone2002 ( Date: 06-Jul-2012 10:01) Posted:

from DBS.....for those who buy for value...short term players can ignore

Stock Picks – Large Cap

Rec’n Price ($)

5/7

Target Price

($)

SembCorp Marine Buy 5.020 5.85

$5.50 to $6 target before 1st half results !

Not surprising after DOW's showing with the jobs data. But like you said, this counter is not for punters. It's a fact. Waiting for price to drop further to pick up again. Likely to see test at 4.50 level if DOW down another round tonight.

ozone2002 ( Date: 09-Jul-2012 11:23) Posted:

semb mar dropped 15c or 3% to 4.9

on failure to break the gap resistance..

from DBS.....for those who buy for value...short term players can ignore

Stock Picks – Large Cap

Rec’n Price ($)

5/7

Target Price

($)

SembCorp Marine Buy 5.020 5.85

4.99 done. It's now no longer " if" SMM crosses 5.00 but how much more. Well-done to those who longed last few weeks.

ozone2002 ( Date: 03-Jul-2012 09:45) Posted:

let me rephrase..

sembmar gap covered..have to break above this gap resistance to move further..

may reverse if gap resistance not broken

ozone2002 ( Date: 02-Jul-2012 11:48) Posted:

sembmar has to cover gap in order to move up further.. from a TA perspective.

let me rephrase..

sembmar gap covered..have to break above this gap resistance to move further..

may reverse if gap resistance not broken

ozone2002 ( Date: 02-Jul-2012 11:48) Posted:

sembmar has to cover gap in order to move up further.. from a TA perspective..

ozone2002 ( Date: 02-Jul-2012 09:02) Posted:

$4.9.. fundamentals still king! woots!

SMM / Baker Tech

SMM / Baker Tech: SMM has filed a court appeal with respect to its claims against PPL Holdings. Recall in late May, the High Court had dismissed SMM’s claims which effectively disputed Baker Tech’s disposal of PPL to QD Asia Pacific. Baker Tech has called for a trading halt this morning.

i have no commitment to tell wat i buy/sell

just sharing, of course u can buy more if you wan.

i am off from the table, it can go up further but it doesnt matter. i leave the rest to you all who believe it will go up to 5.5

i am not smart, i am just one lucky shit who have bought at 439 (some higher) and unloading (some much earlier cause i am a stupid spider) all the way to 484.

*newbie just trade with care

*oldbie can do watever u like as long as it's within ur risk appetitite

GuavaXF30 ( Date: 02-Jul-2012 11:23) Posted:

Actually I think Rotijai is bluffing us. He's too smart to have sold. Probably he's trying to trigger other suckers to sell so he can buy.

Old trick lah, Rotijai.

GuavaXF30 ( Date: 02-Jul-2012 09:11) Posted:

I have to agree that you sold too early too. May not be a 6.00 counter but at least 5.50

sembmar has to cover gap in order to move up further.. from a TA perspective..

ozone2002 ( Date: 02-Jul-2012 09:02) Posted:

$4.9.. fundamentals still king! woots!

Actually I think Rotijai is bluffing us. He's too smart to have sold. Probably he's trying to trigger other suckers to sell so he can buy.

Old trick lah, Rotijai.

GuavaXF30 ( Date: 02-Jul-2012 09:11) Posted:

I have to agree that you sold too early too. May not be a 6.00 counter but at least 5.50.

rotijai ( Date: 02-Jul-2012 09:04) Posted:

u sure? it's a $10 stock..

y i sell? cause i shiok :

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Sembmarine

Keppel and Sembcorp to benefit from new Brazilian orders