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Now not even half a day and the volume is 116,266,900
Despite weaker global energy demand, primarily because of the COVID-19 pandemic and related lockdowns, China' s demand for energy is expected to continue soaring during 2021
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Data from China&rsquo s General Administration of Customs show oil imports for January to November 2020 grew by 9.1% year over year to an average of 13.5 million barrels daily.
Despite weaker global energy demand, primarily because of the COVID-19 pandemic and related lockdowns, China&rsquo s demand for energy is expected to continue soaring during 2021.
Huge market
DexterT ( Date: 07-Jan-2021 10:06) Posted:
| I believe the merger would happen. China and South Korea both merge their biggest shipping companies. Will Singapore lose out? |
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Oil demand from China has been one of the few bright spots for a global petroleum industry severely impacted by a long-term global supply glut and the economic fallout from the COVID-19 pandemic. The world&rsquo s second-largest economy hunger for energy keeps growing despite the global COVID-19 pandemic and a resultant sharp decline in global economic activity during 2020. Data from China&rsquo s General Administration of Customs show oil imports for January to November 2020 grew by 9.1% year over year to an average of 13.5 million barrels daily. The top five suppliers of crude oil to China during the period were Saudi Arabia, Russia, Iraq, Brazil, and Angola. Despite weaker global energy demand, primarily because of the COVID-19 pandemic and related lockdowns, China&rsquo s demand for energy is expected to continue soaring during 2021. Even recent oil discoveries, estimated to hold 1.5 billion barrels of crude oil and growing domestic oil production, will not reduce demand for petroleum imports. A key reason is despite the fallout from the pandemic sharply impacting the economic performance of many countries around the world, China&rsquo s economy is returning to growth. The IMF estimates that the world&rsquo s second-largest economy will expand by 1.9% during 2020 and gross domestic product will grow 8.2% in 2021. That notable economic acceleration will drive greater oil and natural gas consumption in China, which is laboring to obtain enough fossil fuels to meet rising demand and maintain strategic reserves.
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Well done ... breaking more new frontiers. Hang on tight, we are going to the other side !
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Sorry got two threads
Better, you are right and it is the most recent quarter (mrq)
Balance sheet
| Total cash (mrq) |
1.11B |
| Total cash per share (mrq) |
0.53 |
| Total debt (mrq) |
5.63B |
| Total debt/equity (mrq) |
279.35 |
| Current ratio (mrq) |
0.93 |
| Book value per share (mrq) |
0.95 |
better ( Date: 05-Jan-2021 21:07) Posted:
I would venture to say that they have over S$2 billion cash on hand as at 31st Dec 2020.
Pre rights issue cash balance- 1.1 billion (Search yahoo finance for S51. Click on statistic. Scroll down to " total cash" tab)
Cash from rights issue- 600mil
Government Covid aids paid out in cash- estimated 50 to 100mil
Cash from projects completion- a couple of projects completed in 2020. estimated about 200-300 mil which is cash flow positive.
For those who understanding accounting principle, the losses reported in 2020 are mostly non cash events, accelerated depreciation of yard/ equipment value. Mainly to push through the rights issue and the upcoming merger. In pther words, Sembmarine need not report a loss if they don' t want to. This is called creative accounting.
Likewise for Keppel O& M. |
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Well done ... breaking more new frontiers.
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Better, you are right and it is the most recent quarter (mrq)
Balance sheet
| Total cash (mrq) |
1.11B |
| Total cash per share (mrq) |
0.53 |
| Total debt (mrq) |
5.63B |
| Total debt/equity (mrq) |
279.35 |
| Current ratio (mrq) |
0.93 |
| Book value per share (mrq) |
0.95 |
better ( Date: 05-Jan-2021 21:07) Posted:
I would venture to say that they have over S$2 billion cash on hand as at 31st Dec 2020.
Pre rights issue cash balance- 1.1 billion (Search yahoo finance for S51. Click on statistic. Scroll down to " total cash" tab)
Cash from rights issue- 600mil
Government Covid aids paid out in cash- estimated 50 to 100mil
Cash from projects completion- a couple of projects completed in 2020. estimated about 200-300 mil which is cash flow positive.
For those who understanding accounting principle, the losses reported in 2020 are mostly non cash events, accelerated depreciation of yard/ equipment value. Mainly to push through the rights issue and the upcoming merger. In pther words, Sembmarine need not report a loss if they don' t want to. This is called creative accounting.
Likewise for Keppel O& M. |
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hmmm you are right it is an acquisition rather than a merger.
camelhump ( Date: 31-Dec-2020 10:57) Posted:
Mr Chua, currently the chief executive officer of Keppel DC Reit Management, has extensive experience in the real estate fund management and hospitality industries, including M& A (mergers and acquisitions) and will drive Keppel' s sharpened and more disciplined M& A strategy, said the company in a statement.
Keppel has earlier said that its offshore and marine unit, hit by the pandemic-led oil slump, was under a strategic review where " all options, both organic and inorganic" were being considered.
That plus the leadership changes at Keppel, chiefly including an individual dedicated to drive M& A, could once again fuel speculation of a mega merger between the two giant rig builders Keppel Offshore & Marine and Sembmarine - a long-anticipated and hoped for but yet to happen consolidation.
" In the current climate - rising competition and downturn - I don' t see these two companies ending up standing alone forever. It is not unreasonable for the market to read it (Keppel' s latest appointment) as one with an eye on industry consolidation," said a market watcher.
He added: " But it takes two hands to clap. There will be challenges. This will not be a merger of equals but more an acquisition. Will Sembmarine go for it?"
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bro, thanks
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not don' t believe, but left-brain has a hold on me. 😜
have a prosperous new year
danger ( Date: 31-Dec-2020 11:04) Posted:
let' s see early next year and what comes out from keppel corp strategic review
ADS2200 ( Date: 31-Dec-2020 11:03) Posted:
dangerous man
as you said toto, if you buy at 10.4c what is your tp ??? |
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let' s not forget in aug, temasek was about to buy over kom. why would they want to buy dyna-mac. these are some of the question
No deal for Keppel: Mixed views on what this means for O& M consolidation
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dangerous man
as you said toto, if you buy at 10.4c what is your tp ???
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if that being the case, they should not be selling.
why the sell queue 289.6k staring at 1.3k ??? look scary 😜
anyway all the best to you
danger ( Date: 31-Dec-2020 10:20) Posted:
it is like paying $50 to try win TOTO $5 million group 1 ... will i get that 6 numbers not sure ..
For dyna mac .. it is like paying 10c for that chance
The founder , Keppel corp and Temasek already owns almost the whole company .. they can say due to low volume trading interest and they decide to privatise it under 100 days strategic review ..never know ... |
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bro, can share the link ?
i probably have missed it
camelhump ( Date: 31-Dec-2020 10:16) Posted:
big article in BTimes said wont be merger but acquisition if it happens
ADS2200 ( Date: 31-Dec-2020 10:14) Posted:
| where and when did they said it is going to be an acquisition ???? |
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where and when did they said it is going to be an acquisition ????
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100-day programme to drive the results. already started counting
if they were to take on dyna-mac, it will exceed the 100-day.
not that i don' t believe what you said but too many questions in my head.
no doubt it is only 10c. i am also a risk taker (calculated risk haha)
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Mr Loh Chin Hua, CEO of Keppel Corporation, said, &ldquo Keppel&rsquo s key businesses have performed resiliently in the third quarter of 2020, with all key business units remaining profitable, except for Keppel O& M which continues to face very challenging conditions due to both the downturn in the sector and the reduced top line resulting from the COVID-19 pandemic and measures to contain its spread.
&ldquo On 29 September 2020, we announced plans to accelerate our Vision 2030 roadmap that will ready Keppel to weather the challenging environment and chart our growth path. To this end, we have established a Vision 2030 transformation office and launched a 100-day programme to drive results. In line with our Vision 2030 strategy, in the past month, we have announced about S$140 million in asset divestments from our landbank and non-core assets, and also secured an offshore renewables contract worth about S$600 million. We are also actively working with Keppel O& M&rsquo s Board and Management on the strategic review of this business, including exploring the full spectrum of organic and inorganic options.&rdquo
Under Vision 2030, Keppel is forging ahead as one integrated business providing solutions for sustainable urbanisation and has sharpened its focus on four key areas, namely Energy & Environment, Urban Development, Connectivity and Asset Management.
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still scratching my head, how you are so sure ???
you are pretty +ve but the buying is unenthusiastic while the selling is having long queue lei.
hard to go along with what you said. if what you said is correct, all the best to you
danger ( Date: 30-Dec-2020 14:26) Posted:
togther as a merge entity with dyna mac.. they can achieve more since Dyna mac already a FPSO specialist ... and keppel and temasek already owns so much stake in it
all future FPSO projects if in new merge entity can be handle by dyna mac |
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yeah starburst price shot up almost 30%
cannot anticipate when it will rally better to get ready and collect.
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danger, near term if dyna-mac were to acquire kc oil and gas. what can the minor sh going to do. should they sell or buy ?
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