x 0

pray the rights issue will be denied one way or another. we need to have good governance. when people don' t trust the system anymore, people will stay away
it is not about sucking the money from shareholders. such cries will bring damnation upon them especially with the c19 around.
when the economy is about to reopen, another clusters and another.
do what is right

x 0

not really. now that the price is so low, it is a golden opportunity for funds to come in.

TraderBen ( Date: 16-Jul-2021 09:35) Posted:

i believed SCM and TH have went through rounds and rounds of meeting before this right price being decided. So what can miniority shareholders do. LL suck thumb.. they wont call off the rights issue because of miniority shareholders. SIAS is not like REDDIT heros.. they can only voice Miniority shareholders conerns but cant do anything more. I know its hard for those who bought high to cut.. but then again.. keep pumping money into this compay and end of the day.. someone will make a lowball offer..

Its a well planned script.. get out asap..

DYODD

x 0

In a press statement released on Thursday, Sias said that the proposed rights issue came as a surprise to Sembmarine' s shareholders since the group' s CEO, Wong Weng Sun, had earlier expressed optimism in his H2 FY2020 results briefing in February earlier this year. Then, he said that the S$2.1 billion rights issuance in September 2020 had strengthened the company' s liquidity position and balance sheet.

On June 24 this year, Sembmarine announced that it was planning an additional fully committed, renounceable of up to 18.83 billion new shares on the basis of three new shares for every two existing shares held, at S$0.08 per share.

Noting that other offshore and marine (O& M) players have not gone through this rights issue, Sias questioned the necessity and criticality of this rights issue.Sias also questioned the group' s basis for its rights issue price of S$0.08 per share and queried the total rights proceeds and utilisation of the S$1.5 billion raised.

x 0

no, the best is vote against this rights issue and at the same time since their action has crashed the counter. we should increase our stake, even if it is 5,000 shares

While Sias understood that Sembmarine has clarified that net proceeds from the rights issue will not be used to fund the potential combination of Keppel O& M and Sembmarine, it further questioned if there would be any consequences if the latest rights issue were not approved by shareholders, and if this would have any impact on the potential merger of the two companies.

Calmroom ( Date: 16-Jul-2021 09:22) Posted:

Ironically, this may be the best hope
to trigger a general offer. Let TH
swallow rights until explode. Lol...

Yatsa13 ( Date: 16-Jul-2021 09:18) Posted:

should not support the right issue.

x 0

now is so low, sias has raised tehir concerns. minority sh should come and support by buying to show we are not for the right issues.
even how tiny the amount 5,000 shares.
national day is coming .... Ho Ching is leaving 1st oct. do what is right

x 0

should not support the right issue.

TigerPlay ( Date: 16-Jul-2021 08:51) Posted:

Actually b4 the dreadful thurs when they announce the right, SCM was actually recovering and doing quite OK. It hit 22cts and 20cts was really difficult to get too. So, by removing the right, SCM should bounces back to that level?

x 0

we should show our support for sias by sing together national day song " how can you, betray the trust"
more come together to tell what you are doing. ceo wong caught lying and betray the trust by the minority shareholder for their own gain.
now the truth is revealed.
what can sias do to help seeing such misdeed being done?

x 0

sia also don' t call for another rights issue. in fact they raise money from other sources.
rightly pointed out by sias, two rights exercises in less than 9 months.
temasek benefited from sci bonus shares. they don' t feel the pain that the minority went through.
in that case they are not doing it in good faith for the entire entity.
no wonder they are questioning the management and ceo wong.
i will vote against

Calmroom ( Date: 16-Jul-2021 08:37) Posted:

Sias pointed out SMM raised S$500m before
using sustainability-linked financial facilities.

Don' t understand why this round didn' t
use this method to raise cash. Then
maybe no need for urgent rights issue.

TigerPlay ( Date: 16-Jul-2021 08:25) Posted:

Yes, probably they will call off the right during the AGM, but what about those who sold their share because of this? Pity them. That why I suspect something is brewing when someone is picking up all the 12 cts share, of course only guessing lar that time.Since Sias make noise, they must do something right

x 0

I came in later. can hold.
the buying are bite size, probably retail investors are coming in. heard a few gurus are getting their students to buy.
vol is rather low, let those need to sell, sell lorry so we can pick some

Checkerman ( Date: 15-Jul-2021 16:19) Posted:

from 19.1ct to 11.9ct in less than 1 month

Yatsa13 ( Date: 15-Jul-2021 16:11) Posted:

hahaha ... anyway when it is depressed enough. those who need to go lah. cannot help them.
those who just came in like me, just hold till next 2022. happy national day everyone

x 0

hahaha ... anyway when it is depressed enough. those who need to go lah. cannot help them.
those who just came in like me, just hold till next 2022. happy national day everyone

Yatsa13 ( Date: 15-Jul-2021 13:56) Posted:

Singapore' s offshore and marine sector has long been a pillar of the city state' s economic progress and transformation. Having weathered a downturn amid depressed oil prices since 2014/2015, the sector has made big moves as it pivots to tap opportunities in the booming offshore renewables and green energy space.

Yatsa13 ( Date: 14-Jul-2021 22:51) Posted:

Temasek' s S$13b funding of leading Singapore corporates aligned with its long-term horizon: analysts

https://www.businesstimes.com.sg/government-economy/temaseks-s13b-rescue-of-leading-singapore-corporates-aligned-with-its-long-term

SINGAPORE' s Temasek Holdings has ploughed at least S$13 billion since last year - and is set to spend more - into sector bigwigs from the national airline to an agri-food giant, a shipping line and offshore and marine firm, most of which involves funding to save these pandemic-roiled businesses.

While a majority of Temasek' s investments were in the form of cash calls or rights issues that were meant to bolster the capital base of these hard-hit firms, they were in large part also strategic and opportunistic moves that were aligned with the state-owned investor' s long-term investment horizon.

A common thread stands out in the recent moves by Temasek to throw its financial heft behind some of these firms, said Associate Professor Lawrence Loh from the National University of Singapore Business School. " These companies seem to be in strategic sectors that are critical to Singapore."

The aviation sector, for one, is a major contributor to the economy. Data from the International Air Transport Association showed that the air transport industry, including airlines, its supply chain and spending by foreign tourists, accounted for nearly 12 per cent of Singapore' s gross domestic product (GDP) during pre-pandemic times.

Singapore' s offshore and marine sector has long been a pillar of the city state' s economic progress and transformation. Having weathered a downturn amid depressed oil prices since 2014/2015, the sector has made big moves as it pivots to tap opportunities in the booming offshore renewables and green energy space.

Noteworthy is that Temasek owns majority stakes in some of these firms. For that reason too, Justin Tang, research head for Asia at United First Partners, deemed Temasek' s backing as " nothing out of the ordinary" , more so as some of these firms were at " ground zero" of the pandemic and faced the possibility of becoming insolvent.

Singapore Airlines (SIA), in which Temasek has a stake of about 55 per cent, faced severe liquidity issues in March last year as countries scrambled to contain the spread of Covid-19 and shut their borders. In fact, the national carrier has received the bulk or some S$12 billion of the state investor' s rescue monies to weather the tough climate as a result of Temasek' s move to backstop the airline' s rights issues. Apart from being better capitalised, the rescue package puts the carrier on a strong footing to tap opportunities amid the crisis, including fresh acquisitions.

Terence Chua, senior analyst at Phillip Securities Research, said the restructuring among Temasek' s portfolio companies, which has picked up pace this year and was largely hastened by the pandemic, indicates a clear intent to position the firms to " better compete on the global stage" . Such investments could potentially allow Temasek to ride the upturn when the economic environment improves, he said.

One example is the Temasek-backed demerger of Sembcorp Industries and Sembcorp Marine (Sembmarine) last year. Temasek had agreed to support a S$2.1 billion rights issue by Sembmarine, by sub-underwriting S$600 million of the rights issue. The move to deconsolidate the conglomerate resulted in the creation of more focused units to create shareholder value, said Mr Chua.

In the case of agri-food firm Olam International, Temasek' s underwriting of its rights issue to finance the acquisition of US spice maker Olde Thompson likely comes from the position of a controlling shareholder who " saw value and wanted to minimise dilution" , said Mr Tang.

Such deals are largely led by commercial sense. " Temasek is not a charity in its investments - it cannot and should not be one," said Prof Loh, adding that there must be some expected contributions to its portfolio, particularly in the returns and adherence to the strict discipline of good portfolio management.

Its track record over the past year may be a good indication of that. In August last year, the state investment firm pulled the plug on its partial bid for control over Keppel Corp after the conglomerate posted staggering quarterly losses owing to impairments and breached a pre-condition for the offer.

" The current challenges faced by the rescued companies must be short term and there has to be a real possibility that they can ride out the storm," said Prof Loh.

Nirgunan Tiruchelvam, head of consumer sector equity research at Tellimer, opined that by financially backing these firms, it allows Temasek to receive a stake at a discount to their perceived fair value.

It has to do with what Temasek feels would be the best return for its investment, he said, adding that the investor probably has a strategic view on various sectors, and in the case of Olam, agricultural commodities. Recall, back in 2014, Temasek threw its weight behind Olam and launched a S$2.5 billion bid for the agri-commodities trader amid financial strain and attacks by short sellers.

Mr Tang added: " There are many corporate manoeuvers that a large asset manager can utilise to manage their portfolio. What Temasek has chosen probably suits its time horizon, investment mandates and asset allocation requirements. Temasek' s long term horizon means that it can sit out market fluctuations for the eventual recovery and enjoy the fruits of its distressed investing."

x 0

Singapore' s offshore and marine sector has long been a pillar of the city state' s economic progress and transformation. Having weathered a downturn amid depressed oil prices since 2014/2015, the sector has made big moves as it pivots to tap opportunities in the booming offshore renewables and green energy space.

Yatsa13 ( Date: 14-Jul-2021 22:51) Posted:

Temasek' s S$13b funding of leading Singapore corporates aligned with its long-term horizon: analysts

https://www.businesstimes.com.sg/government-economy/temaseks-s13b-rescue-of-leading-singapore-corporates-aligned-with-its-long-term

SINGAPORE' s Temasek Holdings has ploughed at least S$13 billion since last year - and is set to spend more - into sector bigwigs from the national airline to an agri-food giant, a shipping line and offshore and marine firm, most of which involves funding to save these pandemic-roiled businesses.

While a majority of Temasek' s investments were in the form of cash calls or rights issues that were meant to bolster the capital base of these hard-hit firms, they were in large part also strategic and opportunistic moves that were aligned with the state-owned investor' s long-term investment horizon.

A common thread stands out in the recent moves by Temasek to throw its financial heft behind some of these firms, said Associate Professor Lawrence Loh from the National University of Singapore Business School. " These companies seem to be in strategic sectors that are critical to Singapore."

The aviation sector, for one, is a major contributor to the economy. Data from the International Air Transport Association showed that the air transport industry, including airlines, its supply chain and spending by foreign tourists, accounted for nearly 12 per cent of Singapore' s gross domestic product (GDP) during pre-pandemic times.

Singapore' s offshore and marine sector has long been a pillar of the city state' s economic progress and transformation. Having weathered a downturn amid depressed oil prices since 2014/2015, the sector has made big moves as it pivots to tap opportunities in the booming offshore renewables and green energy space.

Noteworthy is that Temasek owns majority stakes in some of these firms. For that reason too, Justin Tang, research head for Asia at United First Partners, deemed Temasek' s backing as " nothing out of the ordinary" , more so as some of these firms were at " ground zero" of the pandemic and faced the possibility of becoming insolvent.

Singapore Airlines (SIA), in which Temasek has a stake of about 55 per cent, faced severe liquidity issues in March last year as countries scrambled to contain the spread of Covid-19 and shut their borders. In fact, the national carrier has received the bulk or some S$12 billion of the state investor' s rescue monies to weather the tough climate as a result of Temasek' s move to backstop the airline' s rights issues. Apart from being better capitalised, the rescue package puts the carrier on a strong footing to tap opportunities amid the crisis, including fresh acquisitions.

Terence Chua, senior analyst at Phillip Securities Research, said the restructuring among Temasek' s portfolio companies, which has picked up pace this year and was largely hastened by the pandemic, indicates a clear intent to position the firms to " better compete on the global stage" . Such investments could potentially allow Temasek to ride the upturn when the economic environment improves, he said.

One example is the Temasek-backed demerger of Sembcorp Industries and Sembcorp Marine (Sembmarine) last year. Temasek had agreed to support a S$2.1 billion rights issue by Sembmarine, by sub-underwriting S$600 million of the rights issue. The move to deconsolidate the conglomerate resulted in the creation of more focused units to create shareholder value, said Mr Chua.

In the case of agri-food firm Olam International, Temasek' s underwriting of its rights issue to finance the acquisition of US spice maker Olde Thompson likely comes from the position of a controlling shareholder who " saw value and wanted to minimise dilution" , said Mr Tang.

Such deals are largely led by commercial sense. " Temasek is not a charity in its investments - it cannot and should not be one," said Prof Loh, adding that there must be some expected contributions to its portfolio, particularly in the returns and adherence to the strict discipline of good portfolio management.

Its track record over the past year may be a good indication of that. In August last year, the state investment firm pulled the plug on its partial bid for control over Keppel Corp after the conglomerate posted staggering quarterly losses owing to impairments and breached a pre-condition for the offer.

" The current challenges faced by the rescued companies must be short term and there has to be a real possibility that they can ride out the storm," said Prof Loh.

Nirgunan Tiruchelvam, head of consumer sector equity research at Tellimer, opined that by financially backing these firms, it allows Temasek to receive a stake at a discount to their perceived fair value.

It has to do with what Temasek feels would be the best return for its investment, he said, adding that the investor probably has a strategic view on various sectors, and in the case of Olam, agricultural commodities. Recall, back in 2014, Temasek threw its weight behind Olam and launched a S$2.5 billion bid for the agri-commodities trader amid financial strain and attacks by short sellers.

Mr Tang added: " There are many corporate manoeuvers that a large asset manager can utilise to manage their portfolio. What Temasek has chosen probably suits its time horizon, investment mandates and asset allocation requirements. Temasek' s long term horizon means that it can sit out market fluctuations for the eventual recovery and enjoy the fruits of its distressed investing."

SembMarineLong ( Date: 14-Jul-2021 21:29) Posted:

Price is holding well now. Not sure after rights but for me I will hold and not gonna buy. If you are just going for short term gains, this stock might have some meat for you this few months. But one thing Im sure is if you hold long enough, the long term gains will be pretty good. As mentioned, this gonna be a long wait.

Long to enjoy

x 0

sml, fd also 2 years
if you said till end of 2022 ... rather go for sth that has potential to chiong.
other counter counter shoirt term also become long and indefinite. my friend stuck in reits hor.
most of the analysts said the industry is doing well. now is to consolidate into 1 and only SG O& M Mega-Contractor.

SembMarineLong ( Date: 15-Jul-2021 11:31) Posted:

Yes, those are who still vested like me you have to wait at least till end of 2022 for a fair gain. Else just go for some short term gains this few months.

newbie19 ( Date: 15-Jul-2021 11:22) Posted:

Absolutely agree with you....I was once a die hard of SMM. Just like you, bought 500K at 19.8cts. The hatred till now is unimaginable as it was reported SMM in total
assets +cash is close to $1.5B +-. Why it needs 2nd rights issue?????????? Sold 300K at 14cts.
I am over confidence but it screwed up...
Nobody is to be blamed... Only lessons learnt again....
Whoever support, Long or Short or expressed complete disapproval...........
Do not exchange humiliating words, afterall, this is just a forum and frredom of expressions....

x 0

how not to irrational. c19 keep evolving and mutating USA now so many c19 delta variant* and Indonesia is exploding.
sg just has the latest ktv clusters
mr brown called them chao turtle, we are expecting to go up to 8pax .... chao turtle

x 0

why the c19 keep evolving?

50 Japanese expats leave Indonesia amid surge

Coronavirus latest is tracking the spread of the new coronavirus. Please visit our website and follow the latest updates.

Cumulative global cases have reached 187,722,824, according to Johns Hopkins University in Baltimore. The worldwide death toll has hit 4,047,597.

x 0

abe, news just released.

Abe2021 ( Date: 14-Jul-2021 21:14) Posted:

They are running out of things to say. Broken record repeat over and over again.
Get ready for the next news release. Window is closing soon.
Bonjour 🥸 Cheers

TigerPlay ( Date: 14-Jul-2021 16:18) Posted:

Their stand is that once right is over, the share will plunge, 8cts, 6cts or some even expect 4cts. We do not know for sure if this is correct. Yes, then Im sure all those talking down SCM will then dabao for sure as it is cheap. Now, if you want to buy SCM, you need to pay12cts, someone oredy pegged it there..yes maybe a bit cheaper 11.9 cts, but must be fast because the moment it drop to that, this mystery hand gonna dabao all and push it back to 12cts.Just ask yourself, is SCM gonna go down to 4 cts? then why this mystery hand is buying all at 12cts? So, those 8cts, 6cts or 4 cts should only be imaginary lor...if real why those holding it dun wanna sell at 12cts, like me, hahahaha
Same thing for SIA during the MCB period, alot oso talk about SIA gonna go down to $4, $3 etc but see for yourself, now is after MCB, how much is SIA now, ask yourself lor..
PP can talk what they want, you choose you own belief and belief in yourself, if you think this fella got poetential, hold it thru lor, if not sell lor...believe nobody lar...they are ony guessing, nobody know for sure, unless you belong to the elite group at SCM or TH lor or even Kep

x 1

x 0

Temasek' s S$13b funding of leading Singapore corporates aligned with its long-term horizon: analysts

https://www.businesstimes.com.sg/government-economy/temaseks-s13b-rescue-of-leading-singapore-corporates-aligned-with-its-long-term

SINGAPORE' s Temasek Holdings has ploughed at least S$13 billion since last year - and is set to spend more - into sector bigwigs from the national airline to an agri-food giant, a shipping line and offshore and marine firm, most of which involves funding to save these pandemic-roiled businesses.

While a majority of Temasek' s investments were in the form of cash calls or rights issues that were meant to bolster the capital base of these hard-hit firms, they were in large part also strategic and opportunistic moves that were aligned with the state-owned investor' s long-term investment horizon.

A common thread stands out in the recent moves by Temasek to throw its financial heft behind some of these firms, said Associate Professor Lawrence Loh from the National University of Singapore Business School. " These companies seem to be in strategic sectors that are critical to Singapore."

The aviation sector, for one, is a major contributor to the economy. Data from the International Air Transport Association showed that the air transport industry, including airlines, its supply chain and spending by foreign tourists, accounted for nearly 12 per cent of Singapore' s gross domestic product (GDP) during pre-pandemic times.

Singapore' s offshore and marine sector has long been a pillar of the city state' s economic progress and transformation. Having weathered a downturn amid depressed oil prices since 2014/2015, the sector has made big moves as it pivots to tap opportunities in the booming offshore renewables and green energy space.

Noteworthy is that Temasek owns majority stakes in some of these firms. For that reason too, Justin Tang, research head for Asia at United First Partners, deemed Temasek' s backing as " nothing out of the ordinary" , more so as some of these firms were at " ground zero" of the pandemic and faced the possibility of becoming insolvent.

Singapore Airlines (SIA), in which Temasek has a stake of about 55 per cent, faced severe liquidity issues in March last year as countries scrambled to contain the spread of Covid-19 and shut their borders. In fact, the national carrier has received the bulk or some S$12 billion of the state investor' s rescue monies to weather the tough climate as a result of Temasek' s move to backstop the airline' s rights issues. Apart from being better capitalised, the rescue package puts the carrier on a strong footing to tap opportunities amid the crisis, including fresh acquisitions.

Terence Chua, senior analyst at Phillip Securities Research, said the restructuring among Temasek' s portfolio companies, which has picked up pace this year and was largely hastened by the pandemic, indicates a clear intent to position the firms to " better compete on the global stage" . Such investments could potentially allow Temasek to ride the upturn when the economic environment improves, he said.

One example is the Temasek-backed demerger of Sembcorp Industries and Sembcorp Marine (Sembmarine) last year. Temasek had agreed to support a S$2.1 billion rights issue by Sembmarine, by sub-underwriting S$600 million of the rights issue. The move to deconsolidate the conglomerate resulted in the creation of more focused units to create shareholder value, said Mr Chua.

In the case of agri-food firm Olam International, Temasek' s underwriting of its rights issue to finance the acquisition of US spice maker Olde Thompson likely comes from the position of a controlling shareholder who " saw value and wanted to minimise dilution" , said Mr Tang.

Such deals are largely led by commercial sense. " Temasek is not a charity in its investments - it cannot and should not be one," said Prof Loh, adding that there must be some expected contributions to its portfolio, particularly in the returns and adherence to the strict discipline of good portfolio management.

Its track record over the past year may be a good indication of that. In August last year, the state investment firm pulled the plug on its partial bid for control over Keppel Corp after the conglomerate posted staggering quarterly losses owing to impairments and breached a pre-condition for the offer.

" The current challenges faced by the rescued companies must be short term and there has to be a real possibility that they can ride out the storm," said Prof Loh.

Nirgunan Tiruchelvam, head of consumer sector equity research at Tellimer, opined that by financially backing these firms, it allows Temasek to receive a stake at a discount to their perceived fair value.

It has to do with what Temasek feels would be the best return for its investment, he said, adding that the investor probably has a strategic view on various sectors, and in the case of Olam, agricultural commodities. Recall, back in 2014, Temasek threw its weight behind Olam and launched a S$2.5 billion bid for the agri-commodities trader amid financial strain and attacks by short sellers.

Mr Tang added: " There are many corporate manoeuvers that a large asset manager can utilise to manage their portfolio. What Temasek has chosen probably suits its time horizon, investment mandates and asset allocation requirements. Temasek' s long term horizon means that it can sit out market fluctuations for the eventual recovery and enjoy the fruits of its distressed investing."

SembMarineLong ( Date: 14-Jul-2021 21:29) Posted:

Price is holding well now. Not sure after rights but for me I will hold and not gonna buy. If you are just going for short term gains, this stock might have some meat for you this few months. But one thing Im sure is if you hold long enough, the long term gains will be pretty good. As mentioned, this gonna be a long wait.

Long to enjoy

x 0

no lei, he is speaking good on all 3 entities. noticed 4 out of 5 analyst reports maintain buy and hold instead of sell - " market weight" .

highlight the industry indeed has recovered. Demand for oil is also expected to rebound in 2021, on the back of expectations of an economic recovery. " The US Energy Information Administration (EIA) expects crude oil and liquids demand to experience a v-shaped rebound in 2021 with oil demand rising by 5.4 million barrels per day (mmbpd) followed by another strong year in 2022 with a growing demand of 3.65mmpd."

" According to Sembcorp Marine (SembMarine), a number of major offshore production projects will likely head towards Final Investment Decision in 2HFY2021 and thus both Keppel Corporation and SembMarine could benefit," says Loh. internationally, the market knows with the merger there is only one entity, SembMarine which means " SembMarine could benefit."
SembMarine will benefit from all the goodwills from Keppel.

indirectly he is speak good on all 3 entities, keppel, sci and sembmarine even though he said with the exception of sembmarine.
he maybe saying " market weight" , in fact he is pivoting toward " overweight"

sembmarine is currently in the raw gem that went through many challenges, waiting to transform into precious gem. ceratinly merger is going to be different from de-merger. 😜 imho.

x 0

UOB Kay Hian sees Sembcorp, Yangzijiang and Keppel as ' compelling investment cases' in offshore & marine sector
https://www.theedgesingapore.com/capital/brokers-calls/uob-kay-hian-sees-sembcorp-yangzijiang-and-keppel-compelling-investment-cases

UOB Kay Hian analyst Adrian Loh has maintained &ldquo market weight&rdquo on the offshore & marine sector, following his previous sector update in mid-March.
Since then, the sector has continued its recovery amid improving industry conditions, albeit at a snail&rsquo s pace.
&ldquo Since their troughs in November 2020, the number of active offshore rigs as well as competitive utilisation have continued their recovery,&rdquo Loh writes in a July 7 report.

&ldquo While utilisation rates for jack-ups have stagnated this year, utilisation for semi-subs and drillships have risen 8-24% year-to-date (y-t-d) while dayrates for jack-ups and mid-water semis have increased by 15% and 22% y-t-d respectively.&rdquo

That said, a few months&rsquo worth of data may not point to anything meaningful at the moment, Loh cautions, although the short-term trend is looking positive.
Activity within the industry is also picking up as demand for production assets could recover after experiencing capital expenditure (capex) delays related to Covid-19 in 2020.

&ldquo According to Sembcorp Marine (SembMarine), a number of major offshore production projects will likely head towards Final Investment Decision in 2HFY2021 and thus both Keppel Corporation and SembMarine could benefit,&rdquo says Loh. Following the recent OPEC+ meeting, where no agreement on increasing oil supplies to the market was reached upon, oil prices could hit US$100 ($134.78) per barrel sooner than expected.
In March, Loh had raised the possibility of reaching US$100 a barrel in the next two years due to the lack of exploration capex in the past five years.
However, with the results from the recent OPEC+ meeting, Loh says any incremental oil supply can happen only after the next meeting in August.
&ldquo A stronger oil price would be well supported in the near term,&rdquo he writes.

On this, small cap upstream stocks such as Rex International and RH Petrogras may be potential beneficiaries from the situation.
Looking ahead, Loh says investors could see a cyclical upturn start in the next six to 12 months, should activity in the oil and gas industry strengthen and lead to a revival in the offshore & marine industry.

This is based on the assumption that the current waves of Covid-19 infections are dealt with &ldquo in a reasonably quick manner&rdquo and that the global vaccine roll out is effective.
&ldquo Already, oil prices have trended upwards towards US$80 per barrel, a level that was unimaginable at the start of 2021. Clearly this has been helped by OPEC+ which to date has retained its tight grip on oil supplies, with an eye on supporting higher prices, and its own fiscal balances,&rdquo he says.
Demand for oil is also expected to rebound in 2021, on the back of expectations of an economic recovery.
&ldquo The US Energy Information Administration (EIA) expects crude oil and liquids demand to experience a v-shaped rebound in 2021 with oil demand rising by 5.4 million barrels per day (mmbpd) followed by another strong year in 2022 with a growing demand of 3.65mmpd.&rdquo

Within the sector, Loh has kept &ldquo buy&rdquo on Sembcorp Industries, Yangzijiang Shipbuilding and Keppel Corporation with target prices of $2.59, $1.90 and $6.37 respectively.

He has maintained &ldquo hold&rdquo on SembMarine with a target price of 12.4 cents.

&ldquo With the exception of SembMarine, we believe that the industrial stocks in our universe present compelling investment cases: a) Sembcorp Industries with its plans to significantly grow its renewables over the next three to five years thus attracting interest from ESG investors, b) Yangzijiang (YZJ) given our belief that it will benefit from continued strong new order flow in 2021 and potentially into 2022, and c) Keppel due to the positive sentiment surrounding the merger of its offshore & marine segment with SembMarine,&rdquo he says.

Shares in Sembcorp, Yangzijiang and Keppel closed $2.13, $1.40 and $5.21 respectively, representing P/Bs of 1.1 times, 0.8 times and 0.9 times, according to UOB Kay Hian&rsquo s estimates. Shares in SembMarine closed 12.2 cents, or 0.4 times P/B.

x 0

no wonder all the buying. big financial institutions are collecting.
if go past 0.125 maybe i will consider to collect. i also hold kc
go forth smm

TA_Expert ( Date: 09-Jul-2021 13:43) Posted:

Actually only the small retail investors suffered.

The big timers are institutions which have portfolios in both SCI and Keppel Corp at the same time. Yes, they suffered in SMM but they gained in SCI and Keppel Corp, so the nett effect is still positive. That' s why big timers will always vote yes. I can tell you that they will vote yes for this upcoming deal too.

WIthout giving carrots in the previous and upcoming deals, there will no incentive for them to vote yes.

The strategy is to own SCI in rthe first deal to hedge the losses in SMM. Now is to own Keppel Corp to hedge the losses in SMM.

Investors who do not own SCI or Keppel Corp shares will suffer the most.

sutiono ( Date: 09-Jul-2021 10:10) Posted:

Mgm just make investors lok more like suuuckers , fed SCI previously and now Keppel .

x 0

yes, damn angry with what temasek is doing. we trust they are doing for the good of the company being the major shareholder, also sg sovereign wealth fund.
they have responded to ben paul' s article on 7 july. let see what they have to say.
if they are doing for the interest of smm and minority shareholders what is happening to the price.
no wonder some call it sembcam. whole world is watching how sg sovereign is doing to its own national company.

Question 1: Why is another deeply discounted rights issue in the best interest of Sembmarine' s minority shareholders?
Question 2: On what terms will Sembmarine and Keppel O& M be combined?
Question 3: What is the long-term plan for Sembmarine?

This is arguably the most important question of all.
Sembmarine' s board needs to demonstrate some leadership and convince the market that it is an active player in its own destiny, and not a passive vehicle for struggling Temasek-linked O& M assets. It should make it clear that it is working towards delivering long-term returns that will surpass the immediate gains unlocked at Sembcorp and Keppel. For starters, Sembmarine should sketch out its strategy for acquiring O& M assets as the industry consolidates. It should also outline the terms at which deals are likely to get done, and explain how it will ultimately extract value from any O& M assets it takes on.

Sembmarine should also provide a consistent narrative of its underlying competitive advantages, whether it has to do with its technical prowess in certain fields, its intellectual property, or even shifting geopolitical realities.Shareholders of Sembmarine already know they are invested in a company that faces a tough road ahead. But they want to believe Sembmarine will eventually emerge a winner in the low-carbon global economy of the future.

Sembmarine' s board should offer them a vision of that future, and a good understanding of how the company plans to get there.

ching^^ ( Date: 08-Jul-2021 11:59) Posted:

since the news out , price 0.12- 0.125.....never climb..
when merger happen, it will futher down?? shall we sell now??

Yatsa13 ( Date: 08-Jul-2021 10:21) Posted:

this article is posted twice by 2 different bloggers. the huge drop in price is not justifiable when temasek said it is for the interest of the minority shareholders.
as some have said price should not be at this level, maybe 10-15% from $0.19

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Temasek' s S$13b funding of leading Singapore corporates aligned with its long-term horizon: analysts

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Temasek' s S$13b funding of leading Singapore corporates aligned with its long-term horizon: analysts

UOB Kay Hian sees Sembcorp, Yangzijiang and Keppel as ' compelling investment cases' in offshore & marine sector https://www.theedgesingapore.com/capital/brokers-calls/uob-kay-hian-sees-sembcorp-yangzijiang-and-keppel-compelling-investment-cases

UOB Kay Hian sees Sembcorp, Yangzijiang and Keppel as ' compelling investment cases' in offshore & marine sector
https://www.theedgesingapore.com/capital/brokers-calls/uob-kay-hian-sees-sembcorp-yangzijiang-and-keppel-compelling-investment-cases