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Keppel Corp being throw down now. Be careful with Semb Marine and Semb Corp.
GuavaXF30 ( Date: 08-May-2012 10:16) Posted:
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Hope you can. Best by today if possible. Not very confident about the market what with the pennies still being rotated.
ozone2002 ( Date: 08-May-2012 09:41) Posted:
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q to sell $5
Not sure if can go in still. Oil prices are falling.
ozone2002 ( Date: 08-May-2012 09:05) Posted:
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4.88 excellent.. earned ~2%
gd luck dyodd
ozone2002 ( Date: 07-May-2012 15:23) Posted:
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her mouth reminds me of ronald macdonld's mouth...
krisluke ( Date: 06-May-2012 17:27) Posted:
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May be too early to pick up. This is just the first day of the sell-down. Just 4 months ago, Semb Marine was below 4.00.
ozone2002 ( Date: 07-May-2012 16:13) Posted:
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its called greed and fear ..coupled with human emotion..
just gotta capitalize on it
Hi ozone2002,
This is the market , like buy and sell fish, europe election way hell got nothing to do with semi rite????
hahha
If we have election that time also droppppp until jialat jialat?????
drop 5% today.. what has europe election gotta do with brazilian yards..
vested $4.8
dyodd
1Q ? ??
sembcorp marine 1Q - 9th may 2012
sembcorp industry 1Q - 11th may 2012
What’s cooking
Sembcorp Marine: Gearing up for the Upturn. Maintain BUY.
SMM SP | Mkt Cap USD8.6b | ADTV USD25.8m
Ø We expect margins to decline in the coming 1Q12 results but that should not be a cause for concern as it merely reflects normalisation of margins. While we expect YoY decline in FY12F net profit, strong contract flows should bump up earnings in the subsequent years.
Ø SMM should be the next in line to get its share of Petrobras-related contracts after Keppel signed an LOI with Sete Brasil for 5 semi-subs last month. We estimate the potential value of these contracts at USD4.0b and have incorporated this into our forecasts. We expect SGD11.5b in contract wins this year including the Petrobras-related order, which would mark a record for SMM.
Ø New capacity from phase 1 of its Integrated New Yard facility should come in useful along with the upturn in the sector. Our SOTP-based target price is unchanged at SGD6.20 and we maintain our BUY rating.
Click here for full report yeakcheekeong@maybank-ke.com.sg
Sembcorp Marine: Gearing up for the Upturn. Maintain BUY.
SMM SP | Mkt Cap USD8.6b | ADTV USD25.8m
Ø We expect margins to decline in the coming 1Q12 results but that should not be a cause for concern as it merely reflects normalisation of margins. While we expect YoY decline in FY12F net profit, strong contract flows should bump up earnings in the subsequent years.
Ø SMM should be the next in line to get its share of Petrobras-related contracts after Keppel signed an LOI with Sete Brasil for 5 semi-subs last month. We estimate the potential value of these contracts at USD4.0b and have incorporated this into our forecasts. We expect SGD11.5b in contract wins this year including the Petrobras-related order, which would mark a record for SMM.
Ø New capacity from phase 1 of its Integrated New Yard facility should come in useful along with the upturn in the sector. Our SOTP-based target price is unchanged at SGD6.20 and we maintain our BUY rating.
Click here for full report yeakcheekeong@maybank-ke.com.sg
Sembcorp Marine's margins shrinking? Don't panic, it's normal
The company's outstanding orderbook stood at SG$5.1b and it continues to rake in new contracts.
The forecast is SG$11.5b in contract wins, turning 2012 into a possibly record-breaking year for SMM.
Lower margins represent a normalisation in terms of the orderbook being depleted of high-margin contracts secured before the global financial crisis. Strong order wins should lift earnings in the subsequent years.
Here's more from Maybank Kim Eng Singapore:
Sembcorp Marine is due to announce its 1Q12 results on 9 May 2012. Flat YoY growth is expected in quarterly core net profit to SG$155m. Lower margins should not be a cause for concern as they merely reflect a normalisation in terms of the orderbook being depleted of high-margin contracts secured prior to the global financial crisis. While EPS is predicted to slide by 7.7% YoY in FY12F, strong order wins should lift earnings in the subsequent years.
Drillship orders soon to follow
After Sete Brasil signed an LOI with Keppel Corp last month for five semisubmersible orders, SMM would be next in line to be awarded its share of Petrobras-related contract of five drillships, estimated at US$4b in value. SMM had already won one drillship contract worth US$792.5m in February. There is growing confidence that the contracts would soon be awarded to SMM and this has been incorporated this into forecasts.
A record year of contract wins
SMM’s outstanding orderbook stood at SG$5.1b as at end-FY11. To-date, it has secured SG$2.7b in new contracts. The forecast is SG$11.5b in contract wins, including the Petrobras-related orders. If this eventuates, 2012 would mark a record year of contract wins for SMM.
Capacity increase to come at the right time
Phase 1 of SMM’s Integrated New Yard facility is expected to be operational by end-2013 with an additional 73.3ha in land area. However, two of the four dry docks would be completed by 4Q12. This increase in capacity would come at a time when the sector is in its upturn and might give SMM an edge in terms of yard capacity availability.
hang on tight folks.... looking at the price movement... more upside coming.
Interesting article on trading Kepcorp and sembmar
http://sgxswinger.blogspot.com/2012/04/kepcorp-gets-big-mojo-from-brasil.html
Sembmar will follow Sembcorp up , today close up $5.10 .
| 2012-03-28 | 2012-03-26 | SEMBCORP MARINE LTD | Koh Chiap Khiong | Director | Buy | # Others | 113371 | --- |
tat's y i said, start small first
test water and see whether it's suitable for me
trading requires discipline and a bit of luck too
i have already tested and lost quite a bit cause i started a bit more than i should...
and i dont think i have the luck/discipline to trade..
nowadays i just run here n there... fish around.. not trade as frequent as those days anymore (sometimes buy/sell 1 time in 3-4 months)
yiming2000 ( Date: 01-May-2012 10:13) Posted:
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