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rotijai ( Date: 02-Jul-2012 09:04) Posted:
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u sure? it's a $10 stock..
y i sell? cause i shiok :)
KepcorpSembmar ( Date: 29-Jun-2012 22:25) Posted:
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$6 stock you sell at $4.XX ?
rotijai ( Date: 29-Jun-2012 11:08) Posted:
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rotijai ( Date: 29-Jun-2012 11:08) Posted:
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ok i am all out.. (sold).
thanks everyone everything...
i am free
GuavaXF30 ( Date: 29-Jun-2012 10:28) Posted:
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New123 ( Date: 29-Jun-2012 10:23) Posted:
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ozone2002 ( Date: 29-Jun-2012 10:04) Posted:
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474..fundamentals still king.. :)
gd luck dyodd
ozone2002 ( Date: 28-Jun-2012 09:07) Posted:
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Petrobras Chief said please " don't any how build so many rigs , no money don't build ,don't borrow money more.. afer drilled oil can't sell because cheap cheap." ..?? I think only..
hlfoo2010 ( Date: 27-Jun-2012 11:29) Posted:
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up 5% !
short sellers die pain pain liao!
hlfoo2010 ( Date: 27-Jun-2012 11:29) Posted:
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Petrobras chief urges cost control
Petrobras plans: Chief Maria das Gracas Foster speaks on spending plan
EPA/HO/SCANPIX
- 25 June 2012 19:43 GMT
Just stating from layman's view based on cash outlay. Semb Marine is half the price of Keppel.
As of now, SMM is up 3% vs Kep 1.2%. But not really indicative as price changes by the hour, minute even.
Also, would like to share the following report from OCBC.
SMM has underperformed KEP…
Sembcorp Marine’s (SMM) share price has dropped by about 13.9% vs
Keppel Corp’s (KEP) 8.7% fall since we switched our preference from
SMM to KEP in late Feb (24 Feb 2012 report). We believe this is partly
due to several reasons: 1) risk-off sentiment particularly in May which
has affected the higher beta SMM stock, 2) earnings disappointment for
SMM in its 1Q12 earnings, and 3) recovery in sentiment amongst
property stocks (KEP has a property arm).
… but the trend may reverse in the months ahead
However, we believe that this trend may reverse in the coming months,
and now favour SMM. Although there is a possibility of further market
volatility due to Eurozone concerns which may affect the higher-beta
SMM more, we think that the recent sell-down in the stock is
unwarranted, as: 1) we still hold a positive view on the premium offshore
rig market, 2) SMM is likely to catch up in the orders front in the months
ahead (partly due to Petrobras orders), 3) SMM’s earnings are expected
to pick up in 2H12, and 4) so-called “speculative builds” at SMM are
probably better-termed “opportunistic builds”.
Newbuild enquiries remain healthy
Enquiries for newbuild rigs remain healthy as major oil companies take a
long-term view on oil prices in their capital expenditure plans and hence
are much less affected by short term fluctuations in oil prices. The
utilisation levels and dayrates for premium rigs remain strong and the
outlook for this sub-sector is still positive.
Order book provides defensiveness
Sembcorp Marine’s net order book of S$7.4b provides good earnings
visibility at a time when uncertainty in the global economy has resulted
in a general lack of clarity in corporate earnings outlook. We roll over our
valuation to blended FY12/13F core earnings with an unchanged peg of
14x for the offshore & marine business (ex-Cosco Shipyard Group), and
update the market value of Cosco Corp in our SOTP valuation. As such,
our fair value estimate rises from S$5.13 to S$5.71. Maintain BUY.
jamesng ( Date: 27-Jun-2012 09:37) Posted:
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I think down trend, down to t0 9.1
When you say KepCorp is more expensive, are you saying that the share price of Kepcorp is more expensive than SembMarine.........
Think this is not the way to see it.....should look at the PE ratio instead......
GuavaXF30 ( Date: 26-Jun-2012 09:42) Posted:
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OCBC report
Sembcorp Marine: More going for SMM in
2H12
.SMM has underperformed KEP
.Macro events may lead to market
volatility
.Trend may reverse due to cospecific
factors
SMM has underperformed KEP…
Sembcorp Marine’s (SMM) share price has
dropped by about 13.9% vs Keppel Corp’s
(KEP) 8.7% fall since we switched our
preference from SMM to KEP in late Feb (24
Feb 2012 report). We believe this is partly
due to several reasons: 1) risk-off sentiment
particularly in May which has affected the
higher beta SMM stock, 2) earnings
disappointment for SMM in its 1Q12 earnings,
and 3) recovery in sentiment amongst
property stocks (KEP has a property arm).
… but the trend may reverse in the
months ahead
However, we believe that this trend may
reverse in the coming months, and now
favour SMM. Although there is a possibility of
further market volatility due to Eurozone
concerns which may affect the higher-beta
SMM more, we think that the recent selldown
in the stock is unwarranted, as: 1) we
still hold a positive view on the premium
offshore rig market, 2) SMM is likely to catch
up in the orders front in the months ahead
(partly due to Petrobras orders), 3) SMM’s
earnings are expected to pick up in 2H12,
and 4) so-called “speculative builds” at SMM
are probably better-termed “opportunistic
builds”.
Newbuild enquiries remain healthy
Enquiries for newbuild rigs remain healthy as
major oil companies take a long-term view
on oil prices in their capital expenditure plans
and hence are much less affected by short
term fluctuations in oil prices. The utilisation
levels and dayrates for premium rigs remain
strong and the outlook for this sub-sector is
still positive.
Order book provides defensiveness
Sembcorp Marine’s net order book of S$7.4b
provides good earnings visibility at a time
when uncertainty in the global economy has
resulted in a general lack of clarity in
corporate earnings outlook. We roll over our
valuation to blended FY12/13F core earnings
with an unchanged peg of 14x for the
offshore & marine business (ex-Cosco
Shipyard Group), and update the market
value of Cosco Corp in our SOTP valuation.
As such, our fair value estimate rises from
S$5.13 to S$5.71. Maintain BUY.