Sembcorp Ind    Last:6.75    -0.02

Any good news?

SEMBCORP SIGNS HEADS OF AGREEMENT TO EXPLORE EXPANDING WATER
BUSINESS IN SHENYANG
Singapore, 25 June 2009 – Sembcorp continued to make progress in its water projects in China,
signing a Heads of Agreement (HoA) with the Shenyang Economic & Technological Development
Area Administrative Committee (SEDA AC) to explore entering a project for wastewater treatment
in Shenyang, Liaoning Province. This is in addition to Sembcorp’s existing presence in the
Shenyang, which includes three water works facilities, water intake systems and a water
distribution network.
The HoA was inked today on the sidelines of the Singapore International Water Week’s China
Business Forum. It was signed on behalf of the SEDA AC by Cao Yang, Vice Director of the
Shenyang Municipal Government’s Southeast Asia Economic & Trade Rep Office (沈阳市人民政府
驻东南亚经贸代表处副主任曹阳), and on behalf of Sembcorp by the CEO of Sembcorp’s China
operations Dr Jeffrey Chen (胜科中国区首席执行官陈明信博士). Also present to witness the
signing were the Director of the Shenyang Municipal Government’s Southeast Asia Economic &
Trade Rep Office, Li Liming (.沈阳市人民政府驻东南亚经贸代表处主任李力铭), Chairman of the
Shenyang Water Group Co. Zhang Guoxiang (沈阳水务集团有限公司董事长张国祥), International
Enterprise Singapore’s Director for International Operations (China) Ignatius Lim (新加坡国际企业
发展局国际业务中国署署长林瑞光 ), Sembcorp’s Executive Vice President for Group Business &
Strategic Development and Head of Water, Energy and Middle East & North Africa Tan Cheng
Guan (胜科执行高级副总裁与及水务，能源兼中东北非区总监陈清源)Sembcorp Group
President & CEO Tang Kin Fei (胜科集团总裁兼首席执行官邓 健辉) .
- END -
PRESS RELEAS

 

Good news...........:

 

Sembcorp Industries plans to expand water business in Asia

Written by Bloomberg

Thursday, 18 June 2009 20:07

Sembcorp Industries, owner of the world’s second-largest oil-rig maker, plans to boost its water-supply business by 50% by 2013 in Asia’s US$14 billion ($20.4 billion) water market, an official said. Sembcorp, which is setting up a $180 million water-treatment facility to meet about 15% of Singapore’s water needs, plans to expand into industrial water-treating in the Middle East and China, Executive Vice President Tan Cheng Guan told reporters today. The company starts supplies from the Changi Newater plant in two weeks’ time. “China’s megacities will create opportunities to put in new water management systems,” Tan said. “We are focusing on large-scale desalination plants and power projects in the Middle East.” Sembcorp plans to boost the capacity of its water treatment business by 2 million cubic metres a day from an existing 4 million, Tan said. It may cost $200 to $1,500 per cubic metres of capacity, with sea-water desalination plants the most expensive, he said. The Changi project in Singapore will produce at its full capacity of 228,000 cubic metres (50 million gallons) per day of water, enough to fill 152 million 1.5-litre bottles, from next year, Tan said. The company is selling water from the plant to the Public Utilities Board of Singapore at 30 cents per cubic metre, he said. The cost of production, which involves purifying water using membranes and ultraviolet rays, may be around 22 to 23 cents, he said. Sembcorp is focusing on industrial water and desalination projects because the margins on cleansing dirty, chemical-greased water for industries such as chip making are high compared with supplying water to homes in municipal projects, he said. The industrial water business accounts for about 8% of the water market in the Asia-Pacific region, he said.

 

News to share, welcome comments on this stock. Interested to know more on it Bullish harami pattern suggests more near term upside - SembCorp Industries is likely to see more upside potential in the near term following the formation of a bullish harami pattern at its 2-month uptrend line. - With the technical indicators (RSI, Stochastic and MACD) showing healthy uptrend momentum over the past few months and OBV indicator signaling a sharp bullish reversal recently, they suggest that SembCorp could continue to climb higher in the days ahead. - We expect the recovery to find an initial resistance at $3.33 (2009 high), breaking which, we see the next resistance at $3.74 (minor peak in end Sep ‘08)

 

This giant share value looks good for investing now.

 

Most counters are good today including this one.  Quick in and Quick out.

 

First quarter ended March 31, 2009

Profit for the period  $189mln  vs 1Q08  +12.6%

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_87FD6F9DA764719A482575B4002FFFF6/$file/1Q09SGXNet-Final.pdf?openelement

PROSPECTS
Utilities
As a result of the global economic downturn and slowdown in the petrochemical and chemical sector, our business may face some challenges. In 2009, our UK operations will also see the full-year impact of the
expiry of certain favourable supply contracts. We expect our other sites in Singapore, China, Vietnam and the Middle East to be less affected due to long-term contracts with customers.

Marine
Our Marine business has a net order book of S$8.65 billion with completion and deliveries stretching till early 2012. The long-term fundamentals driving the future deepwater activities continue to be strong with
the futures market pointing toward a rebound in oil and gas prices. For ship repair, Singapore’s strategic location and its reputation as an international maritime centre coupled with the Group’s strategic alliances
and partnerships fostered with long-term customers will provide a stable base-load to cushion Marine from the impact arising from the current economic turmoil. Market for the large FPSO (floating production
storage offloading) units and production platforms is expected to remain strong based on owners’ longterm commercial viability of the projects.

Notwithstanding the current challenges due to the economic downturn and the credit crunch leading to the possibility of some deferments and cancellations, Marine does not expect any material adverse impact on
its performance.

Environment
The performance of our Environment business in 2009 is expected to be better than that of 2008.

Industrial Parks
Industrial Parks business’ performance in 2009 will be affected by the global economic slowdown and resultant weak investor sentiment.

Sembcorp Group
The global economic and financial environment is expected to remain very challenging for the rest of the year.

Sembcorp remains committed to proactive and prudent management of its existing businesses and
should be able to deliver satisfactory results for the year.

 

I am out at 3.04... Will be back to collect more...  Congra to all who have vested...

Good profit and dividend.

Kensonic77      ( Date: 21-Apr-2009 23:31) Posted: Sembcorp dividend 0.11 Cents... XD tomorrow... Payable on 8 May 2009... Can hit above $3.00?

 

Sembcorp dividend 0.11 Cents... XD tomorrow... Payable on 8 May 2009... Can hit above $3.00?

 

sembcorp said they just get approval only but didn't ask for rights issue.... hai.... meaningless...

 

It is relatively expensive counters as compred to its counterpart!!

 

they r still giving..

q at $2

des_khor      ( Date: 19-Mar-2009 16:36) Posted: u mean they stop the dividend ??

 

which one ??

Hulumas      ( Date: 19-Mar-2009 16:39) Posted: I sold mine, switching to non leveraged fundamentally sound listed company. des_khor      ( Date: 19-Mar-2009 16:36) Posted: u mean they stop the dividend ??

 

I sold mine, switching to non leveraged fundamentally sound listed company.

des_khor      ( Date: 19-Mar-2009 16:36) Posted: u mean they stop the dividend ??

 

u mean they stop the dividend ??

 

Same same loh, every yr parent gives angbao during CNY, but suddenly dun give, how d kids feel?

des_khor      ( Date: 19-Mar-2009 16:13) Posted: funny hor... why still give dividend ??

 

funny hor... why still give dividend ??

 

trading halt lifted. case of "xiang tai duo" (think too much)....

 

give warning orders 1st.

limkt009      ( Date: 19-Mar-2009 11:23) Posted: SINGAPORE (Dow Jones)--Sembcorp Industries Ltd. (U96.SG) Thursday said that it will seek shareholders approval for a rights issue at the annual general meeting to be held next month. In a filing to the Singapore Exchange, the rig-building and utilities company said that it will consider and, if thought fit, to pass the resolution that will allow Sembcorp to issue shares in the capital of the company via rights or bonus shares or other means that will require shares to be issued. The AGM is due to be held on April 20.

 

SINGAPORE (Dow Jones)--Sembcorp Industries Ltd. (U96.SG) Thursday said that it will seek shareholders approval for a rights issue at the annual general meeting to be held next month.

In a filing to the Singapore Exchange, the rig-building and utilities company said that it will consider and, if thought fit, to pass the resolution that will allow Sembcorp to issue shares in the capital of the company via rights or bonus shares or other means that will require shares to be issued.

The AGM is due to be held on April 20.

 

Issuing Rights seems to be popular nowadays