x 0

That depends on whose fault it was. The hull is Equinor' s own design and investigation report last year did not pin point the fault on anyone. Accordingly, Equnior had approved the work at every stages of the hull construction until the error was discovered.

According to Equinor, the investigation team did not find any single event which could have been a direct cause for the welding quality issues.......

Furthermore, Equinor has not sufficiently complied with its own work processes and procedures for risk management, construction management, and follow-up at the construction site.

Even if Equinor' s follow-up team found signs of poor quality at an early stage, the extent and degree of seriousness were not understood. Sufficient measures were therefore not implemented.

Finally, Equinor' s follow-up team has not had enough personnel with experience and expertise in welding and welding control and has not utilized the company& rsquo s technical expertise in these areas early enough, the Norwegian company said.

Also, SCM had paid its due by rectifying most of the faults for free. The hull needs to be moved now for immediate topsides integration to avoid further delay. Any outstanding hull rectification work can be done at the same yard.

On the balance, a positive for Sembmarine.

chart_expert123 ( Date: 21-Oct-2021 21:45) Posted:

😂 😂 😂 , do you read the solitaire story? 141mio contracts end up compensated 400 over million. That time the conversion pipe lay vessels was pulled to Scotland shipyard and all expenses all was counted on sembcorp.

You thought simply pulled out only? All the expenses on Norway shipyards will be counted on sembmar.

better ( Date: 21-Oct-2021 21:05) Posted:

Johan Castberg floater moved to Norway as delays mount

Equinor takes incomplete FPSO hull to a Norwegian yard where it will occupy almost the whole workforce for more than a year

21 October 2021 7:18 GMT UPDATED 21 October 2021 9:40 GMT

By Ole Ketil Helgesen

and Amanda Battersby

in Stavanger

Equinor will transport the unfinished hull and turret for the Johan Castberg floating production, storage and offloading vessel from Singapore.

This should relieve Sembmarine of some manpower constraints. But likely SCM will lose the Wisting FPSO deal. But good riddence generally.

x 0

Johan Castberg floater moved to Norway as delays mount

Equinor takes incomplete FPSO hull to a Norwegian yard where it will occupy almost the whole workforce for more than a year

21 October 2021 7:18 GMT UPDATED 21 October 2021 9:40 GMT

By Ole Ketil Helgesen

and Amanda Battersby

in Stavanger

Equinor will transport the unfinished hull and turret for the Johan Castberg floating production, storage and offloading vessel from Singapore.

This should relieve Sembmarine of some manpower constraints. But likely SCM will lose the Wisting FPSO deal. But good riddence generally.

x 0

Keppel down 0.73% today SCI down 0.51% SCM unchanged.

x 0

Before you execute your sell all transaction, can consider the following assessment of SCM' s NAV from an independent financial advisor, supported by asset valuation report from Deloitte after factoring worst case scenario H2 losses. Full report can be downloaded from SGX company announcements page.

.2.2 Price-to-book (&ldquo P/NAV&rdquo ) ratio P/NAV ratio is a commonly used net asset backing approach which shows the extent to which the shares of a company are backed by its net assets. The NAV based valuation approach provides an estimate of the value of a company assuming the hypothetical sale of all its assets over a reasonable period of time and would be more relevant for asset-based companies or where the subject company intends to realise or convert the uses of all or most of its assets. Such a valuation approach would be particularly appropriate when applied in circumstances where the business is to cease operations or where the profitability of the business being valued is not sufficient to sustain an earnings-based valuation. As shown in Section 6.4.2 of this Letter, the estimated projected NAV per Share as at 31 December 2021 is S$0.1246. Based on the Offer Price of S$0.08 per Share, the P/NAV ratio of the Company is therefore 0.64 times, which implies that the valuation of the Company (implied by the Offer Price) is at a discount of 35.8% to the estimated projected NAV per Share. 8.2.3 P/RNAV ratio To the extent that a company has assets which have significant revaluation surplus arising from a potential valuation of these assets, the RNAV of the shares of the company would have to be considered. As set out in Section 7.1 of this Letter, the Valuer had estimated the Valuation of the Subject Assets as at the Valuation Date to be between approximately S$7.7 billion and S$8.8 billion, which gives rise to a net revaluation surplus of between approximately S$1.4 billion and S$2.5 billion, after taking into consideration the potential tax liabilities assuming a hypothetical sale of the Subject Assets as required under the Code. The Directors and Management have represented and confirmed that the Group has no immediate plans to dispose of its interests in the Subject Assets, and as such, the above tax liabilities are not likely to crystallise. 40 PROVENANCE CAPITAL PTE. LTD. 23 Arising from the net revaluation surplus, the RNAV per Share is significantly higher at approximately between S$0.17 and S$0.20 as set out in Section 7.2 above. Accordingly, the range of P/RNAV ratios of the Group implied by the Offer Price would be significantly lower at between 0.39 and 0.47 times, compared to the P/NAV ratio of 0.64 times as set out in Section 8.2.2 above. The above implies that the Offer Price is at a deep discount of approximately 53% to 61% below the RNAV of the Group as at 31 December 2021.

We are of the view that consideration of the current market sentiment on listed securities in similar industry, in particular, the Comparable Companies, is relevant for our purposes in estimating the range of values for the Shares and evaluating the Offer. Taking into consideration the above, overall, on balance, we are of the view that for the purposes of the Offer, our estimated value range of the Shares is between S$0.125 and S$0.14, based on the mean and median P/NAV ratios of the Comparable Companies of 1.1 times, and the estimated projected NAV per Share of S$0.1246 as at 31 December 2021 which takes into consideration the recently completed Rights Issue and the expected losses for 2H2021. Hence, we are of the opinion that the Offer Price of S$0.08 is not fair and not reasonable, as it is below our estimated value range of the Shares.

TigerPlay ( Date: 21-Oct-2021 13:58) Posted:

Maybe I should !!

better ( Date: 21-Oct-2021 12:26) Posted:

You should sell all and run. The last time you did that, it rocketed.

After you bought back, it tanked.

Maybe you could consider selling all. Your sacrifice will save us all.

x 0

You should sell all and run. The last time you did that, it rocketed.

After you bought back, it tanked.

Maybe you could consider selling all. Your sacrifice will save us all.

TigerPlay ( Date: 21-Oct-2021 11:23) Posted:

Yes, all the negative talk and energy here make me panic laiow leh, later my money all gone with the wind....thinking thinking ...should I show hand all and run too?

x 0

Thanks starship for your very prompt update! I am immensely touched by your kindness and quick action to warn others about the peril of this counter..

Starship ( Date: 20-Oct-2021 13:54) Posted:

DBS Group Research
20 Oct 2021

Sembcorp Marine (SMM SP) &ndash HOLD
Expect another hefty loss in 2H
Price Target (12-mth): S$0.08, Downside 1.2%

Expect another huge loss in 2H21 due to cost overrun
Temasek&rsquo s Mandatory Conditional General Cash Offer (MGO) at 8 Scts lends support to share price
Next key event to watch is merger with Keppel O& M
Maintain HOLD with lower TP of S$0.08

Expect another hefty loss in 2HExpect another huge loss in 2H21 due to cost overrun
Temasek&rsquo s MGO at 8 Scts lends support to share price
Next key event to watch is merger with Keppel O& M
Maintain HOLD TP cut to S$0.08 post earnings revisions

Significant losses for 2H21.
SMM issued a profit guidance that it expects to incur significant losses in 2H21, potentially similar to losses reported for 1H2021, which was S$647m.
This is due largely to further delays and higher projected costs for outstanding projects.

Execution challenges persist.
While SMM has made some progress in managing delays in project completions, COVID related measures continue
to adversely impact its performance. It has encountered further execution challenges:

i. Delays in delivery of equipment arising from border controls
ii. Supply chain constraints leading to longer lead time to purchase various components
iii. Continued attrition of skilled workers and slower than expected recruitment of additional skilled labour
iv. Work disruptions resulting from measures taken to address the recent spike in COVID cases.

The magnitude of losses depends on pace of Covid recovery, easing of supply chain delays, and outcome of ongoing negotiations with counterparties on revised delivery dates.

Earnings revision.
We now expected bigger losses of ~S$1.37bn in FY21 and S$242m for FY22 to reflect the cost overruns.

x 0

Maybe they are just kind enough to warn others with pure and good intentions even though they zero position in scm.......like the ever benevolent starship. Four legs good, two legs bad.. .

pkli899 ( Date: 20-Oct-2021 10:41) Posted:

Hahaha.....q for 0.08, small, small.......didn' t expect to get.
Heng ah, after huge volume sold at 0.08, price still stays.
I think, the relevant parties surely won' t let it go below 0.08.
At least not before 3rd Nov.
After that is unknown la........hope for the best lor.
Sometimes luck also play a part......to me la.....if u don' t believe.
Surely those who keep saying negative stuff do not hold any share right?
So, why still non stop trying to shoot down the counter?
Or maybe very kind hearted, want holders to cut lost and move on?
Anyway, at most write off lor.
Always remember, the higher the risk, the better the reward.......加油！

x 0

Bad news but small matter.

The accounting for yard projects is quite different. 3 major projects (Farmosa 2 jackets, Drillship Atlas and Shell Vito Semisub) that SCM is rushing to complete by Dec originally will be delayed by 1-2 months, meaning they cannot recognise a few hundred million dollars worth of revenue by year end 2021.

Cost will be incurred to advance the projects but the big chunk of revenue cannot be recognised until Q1 next year. That is the cause of the steep losses expected for H2 2021.

ahbui8 ( Date: 19-Oct-2021 18:17) Posted:

SM management really CMI, still blame on Covid 19, if Covid 19 really that destructive, why stock market still up & up. Is this incompetent management do not know how to plan and execute on the project. Really hopeless, must run away 50%. If 2H losses same as 1H, NAV will be around 12.3cts. Lower than TERP 🤦 🏻 &zwj ♂ ️

x 0

SCM' s share is the currency that Temasek is using to absorb Keppel OM into Sembmarine. The higher SCM share price, the lower number of shares are required for the buyout.

Temasek owns 46.6% of Sembmarine and would not accept the dilution if too much new shares need to be issued. Therefore, a merger proposal will not be tabled by Temasek if SCM share price is below 20c.

Before the 1st right issue, Temasek owns 30%.

After 1st rights issue, they increase their holding to 42.6%

After 2nd rights issue, they increase their hoilding further to 46.6%

After the Keppel OM buyout (likely later next year), Temasek is likely to own about 50% of sembmarine.

For example, Temasek owns 49.9% of Sembcorp, 53% of Olam and 55% of SIA.....

CleanNGreen ( Date: 19-Oct-2021 12:54) Posted:

@better. I am in the long camp. If i may ask, on yr last statement, i don' t understand the obvious reason. Can i trouble u to advise ? Thank you very much

better ( Date: 18-Oct-2021 22:13) Posted:

So, once and for all (before chartexpert123 starts babbling nonsense again), below is from Keppel OM' s announcement:

There are 3 components of the proposed merger:

Concurrent with the MOU on the potential combination, Keppel has also signed a non-binding MOU with Kyanite Investment Holdings Pte Ltd, a wholly owned subsidiary of Temasek, for Keppel O& M& rsquo s legacy rigs and associated receivables to be sold to a separate Asset Co that would be majority owned by external investors. The two proposed transactions will be inter-conditional and pursued concurrently. Further details on Asset Co will be provided in a separate SGXNET announcement issued by Keppel.

Keppel has about S$3billion worth of completed or almost completed rigs sitting idle in its yard. Much capital tight up that Keppel can hardly breathe. So part of the merger term is for Temasek to work out an arrangement to take the rigs off their book via an Asset Co.

Keppel and Sembcorp Marine will undertake mutual due diligence and discuss the terms of the potential combination, which is expected to take several months. If the potential combination is completed, it is envisaged that the Combined Entity will be a listed entity, and Sembcorp Marine& rsquo s shareholders will hold shares in the Combined Entity, while Keppel will receive shares in the Combined Entity and a cash consideration of up to S$500 million (or a cash component with the economic equivalent effect).

Keppel is asking for up to S$500 million cash. Up to $500mil can mean $0 at the end. On Sembmarine' s part, they have strongly denied the existence of a S$500mil. cash consideration. In the above Keppel' s statement, it just said that KC will receive shares. In Chartexpert123' s mind, it is 50%. In my mind, it is 10% to 15% of total SCM shares.

Under the MOU between Keppel and Sembcorp Marine, it is envisaged that Keppel and the Combined Entity will enter into a strategic partnership, pursuant to which Keppel will hold 50% of a 50-50 joint venture that will be established between Keppel and the Combined Entity (& ldquo Strategic Partnership JV& rdquo ). This would allow Keppel to continue accessing Keppel O& M& rsquo s capabilities required for its projects, on terms to be agreed. The scope of the Strategic Partnership JV will be subject to final agreement between the parties concerned. In addition, subject to regulatory review, the Combined Entity will be the preferred EPC partner for Keppel& rsquo s projects where the Combined Entity has the relevant expertise.

After SCM absorbed keppel OM, SCM and KC will both chip in money to form a joint venture company. This is to prevent KC from undetaking any further offshore project on its own after they have sold off all their yards and IPs to SCM.

Any final merger proposal tabled will be subjected to SCM shareholders' approval (ex Temasek as they are an interested party owning 20% of KC). And it is not likely to happen until SCM share price is above 20c for obvious reason.

x 0

the green retrofit of the global fleet will be brisk biz for the next 4-5 years. Jiat beh liao!

Chagatai ( Date: 19-Oct-2021 11:31) Posted:

Dun worry LNG conversion to replace fuel oil and diesel oil bunkering plus hydrogen fuel cell retrofitting for the entire global fleet is just realising. Wait until 2023 and be a part of Wealth and health

x 1

x 0

For chart_expert123 convenience, below in red is the extract from Keppel' s MOU published in July:

Concurrent with the MOU on the potential combination, Keppel has also signed a non-binding MOU with Kyanite Investment Holdings Pte Ltd, a wholly owned subsidiary of Temasek, for Keppel O& M' s legacy rigs and associated receivables to be sold to a separate Asset Co that would be majority owned by external investors. The two proposed transactions will be inter-conditional and pursued concurrently. Further details on Asset Co will be provided in a separate SGXNET announcement issued by Keppel.

Keppel and Sembcorp Marine will undertake mutual due diligence and discuss the terms of the potential combination, which is expected to take several months. If the potential combination is completed, it is envisaged that the Combined Entity will be a listed entity, and Sembcorp Marine' s shareholders will hold shares in the Combined Entity, while Keppel will receive shares in the Combined Entity and a cash consideration of up to S$500 million (or a cash component with the economic equivalent effect).

Under the MOU between Keppel and Sembcorp Marine, it is envisaged that Keppel and the Combined Entity will enter into a strategic partnership, pursuant to which Keppel will hold 50% of a 50-50 joint venture that will be established between Keppel and the Combined Entity (Strategic Partnership JV). This would allow Keppel to continue accessing Keppel O& M capabilities required for its projects, on terms to be agreed. The scope of the Strategic Partnership JV will be subject to final agreement between the parties concerned. In addition, subject to regulatory review, the Combined Entity will be the preferred EPC partner for Keppel& rsquo s projects where the Combined Entity has the relevant expertise.

My comments in green:
Keppel has about S$3billion worth of completed or almost completed rigs sitting idle in its yard. Much of its capital tighted up in the legacy rigs and associated receivables. So part of the merger term is for Temasek to work out an arrangement to take the legacy rigs off its book via an Asset Co.

Keppel is asking for up to S$500 million cash. Up to $500mil can mean $0 at the end. On Sembmarine' s part, they have strongly denied the existence of any cash consideration. In the above Keppel' s statement, it just said that KC will receive some shares of the CE. My prediction is that Keppel would receive about 15% to 20% of total shares of CE.

After SCM absorbs or merges with Keppel OM to create the combined entity (CE), Keppel corp and the CE will create a 50 50 joint venture company to take on any offshore projects initiated by KC. This is to prevent KC from undetaking any offshore project on its own after they have sold off all their yards and IPs to the CE. For example, if Keppel corp wants to build an offshore data centre, they have to give the CE first consideration for the biz.

Any final merger proposal tabled will be subjected to SCM shareholders' approval (ex Temasek as they are an interested party owning 20% of KC). And it is not likely to happen until SCM share price is above 20c for obvious reason.

x 0

Go read Keppel' s announcement again, the MOU did not state the terms of the merger at all. On earth, only chart_expert123 knows the merger terms.

What the MOU states in July was that after SCM absorbs or merges with Keppel OM to create the combined entity(CE), Keppel corp and the CE will create a 50 50 joint venture company to take on any offshore projects initiated by KC. For example, if Keppel corp wants to build an offshore data centre, they have to give the CE first consideration for the biz.

chart_expert123 ( Date: 18-Oct-2021 23:03) Posted:

I said de meh, the preliminary proposal already announced since July.

I just repeated only. It is a 50-50% JV.

You are free to dream, I am free to post fact announced to public by keppel Corp.

better ( Date: 18-Oct-2021 22:47) Posted:

Nobody knows the exact financial term of the merger yet, not even the mgt of KC and SCM.....only chart_expert123 knows exactly what is going to transpire so we should all listen to him.

I rest my case.

x 0

Nobody knows the exact financial term of the merger yet, not even the mgt of KC and SCM.....only chart_expert123 knows exactly what is going to transpire so we should all listen to him.

I rest my case.

chart_expert123 ( Date: 18-Oct-2021 22:39) Posted:

🤣 🤣 🤣 so much nonsense.

I already simplified the deal. You complicated for what.

Repeat again. New entity will be formed.

Keppel corp shareholders receive 50% shares of new entity plus 500mio cash. If keppel Corp generous enough, it will be one time special dividend.

Sembmar shareholders receive 50% shares of new entity.

The new entity will take Sembmar as a shell, wipe out existing shares and list in sgx.

Listed price and total shares will be based on 30 STI components to decide the allocation. So won't be less than 1 dollars, estimate market cap around 6bil.

Buy keppel Corp. Don't buy sembmar shares which will be wiped out soon for new entity.

better ( Date: 18-Oct-2021 22:13) Posted:

So, once and for all (before chartexpert123 starts babbling nonsense again), below is from Keppel OM' s announcement:

There are 3 components of the proposed merger:

Concurrent with the MOU on the potential combination, Keppel has also signed a non-binding MOU with Kyanite Investment Holdings Pte Ltd, a wholly owned subsidiary of Temasek, for Keppel O& M& rsquo s legacy rigs and associated receivables to be sold to a separate Asset Co that would be majority owned by external investors. The two proposed transactions will be inter-conditional and pursued concurrently. Further details on Asset Co will be provided in a separate SGXNET announcement issued by Keppel.

Keppel has about S$3billion worth of completed or almost completed rigs sitting idle in its yard. Much capital tight up that Keppel can hardly breathe. So part of the merger term is for Temasek to work out an arrangement to take the rigs off their book via an Asset Co.

Keppel and Sembcorp Marine will undertake mutual due diligence and discuss the terms of the potential combination, which is expected to take several months. If the potential combination is completed, it is envisaged that the Combined Entity will be a listed entity, and Sembcorp Marine& rsquo s shareholders will hold shares in the Combined Entity, while Keppel will receive shares in the Combined Entity and a cash consideration of up to S$500 million (or a cash component with the economic equivalent effect).

Keppel is asking for up to S$500 million cash. Up to $500mil can mean $0 at the end. On Sembmarine' s part, they have strongly denied the existence of a S$500mil. cash consideration. In the above Keppel' s statement, it just said that KC will receive shares. In Chartexpert123' s mind, it is 50%. In my mind, it is 10% to 15% of total SCM shares.

Under the MOU between Keppel and Sembcorp Marine, it is envisaged that Keppel and the Combined Entity will enter into a strategic partnership, pursuant to which Keppel will hold 50% of a 50-50 joint venture that will be established between Keppel and the Combined Entity (& ldquo Strategic Partnership JV& rdquo ). This would allow Keppel to continue accessing Keppel O& M& rsquo s capabilities required for its projects, on terms to be agreed. The scope of the Strategic Partnership JV will be subject to final agreement between the parties concerned. In addition, subject to regulatory review, the Combined Entity will be the preferred EPC partner for Keppel& rsquo s projects where the Combined Entity has the relevant expertise.

After SCM absorbed keppel OM, SCM and KC will both chip in money to form a joint venture company. This is to prevent KC from undetaking any further offshore project on its own after they have sold off all their yards and IPs to SCM.

Any final merger proposal tabled will be subjected to SCM shareholders' approval (ex Temasek as they are an interested party owning 20% of KC). And it is not likely to happen until SCM share price is above 20c for obvious reason.

x 1

x 0

So, once and for all (before chartexpert123 starts babbling nonsense again), below is from Keppel OM' s announcement:

There are 3 components of the proposed merger:

Concurrent with the MOU on the potential combination, Keppel has also signed a non-binding MOU with Kyanite Investment Holdings Pte Ltd, a wholly owned subsidiary of Temasek, for Keppel O& M& rsquo s legacy rigs and associated receivables to be sold to a separate Asset Co that would be majority owned by external investors. The two proposed transactions will be inter-conditional and pursued concurrently. Further details on Asset Co will be provided in a separate SGXNET announcement issued by Keppel.

Keppel has about S$3billion worth of completed or almost completed rigs sitting idle in its yard. Much capital tight up that Keppel can hardly breathe. So part of the merger term is for Temasek to work out an arrangement to take the rigs off their book via an Asset Co.

Keppel and Sembcorp Marine will undertake mutual due diligence and discuss the terms of the potential combination, which is expected to take several months. If the potential combination is completed, it is envisaged that the Combined Entity will be a listed entity, and Sembcorp Marine& rsquo s shareholders will hold shares in the Combined Entity, while Keppel will receive shares in the Combined Entity and a cash consideration of up to S$500 million (or a cash component with the economic equivalent effect).

Keppel is asking for up to S$500 million cash. Up to $500mil can mean $0 at the end. On Sembmarine' s part, they have strongly denied the existence of a S$500mil. cash consideration. In the above Keppel' s statement, it just said that KC will receive shares. In Chartexpert123' s mind, it is 50%. In my mind, it is 10% to 15% of total SCM shares.

Under the MOU between Keppel and Sembcorp Marine, it is envisaged that Keppel and the Combined Entity will enter into a strategic partnership, pursuant to which Keppel will hold 50% of a 50-50 joint venture that will be established between Keppel and the Combined Entity (& ldquo Strategic Partnership JV& rdquo ). This would allow Keppel to continue accessing Keppel O& M& rsquo s capabilities required for its projects, on terms to be agreed. The scope of the Strategic Partnership JV will be subject to final agreement between the parties concerned. In addition, subject to regulatory review, the Combined Entity will be the preferred EPC partner for Keppel& rsquo s projects where the Combined Entity has the relevant expertise.

After SCM absorbed keppel OM, SCM and KC will both chip in money to form a joint venture company. This is to prevent KC from undetaking any further offshore project on its own after they have sold off all their yards and IPs to SCM.

Any final merger proposal tabled will be subjected to SCM shareholders' approval (ex Temasek as they are an interested party owning 20% of KC). And it is not likely to happen until SCM share price is above 20c for obvious reason.

x 0

Are you predicting that SCM would pay KC $500mil flat for Keppel OM?

Chagatai ( Date: 18-Oct-2021 18:05) Posted:

Kep Corp order book 5 billion plus profit margins on fabrications about 7-10% about there cost payment 500 mill to Kep Corp then Carry on

x 0

ckmpd is not sneaky, just keep forgetting to take his medication...

stanleytay ( Date: 18-Oct-2021 16:58) Posted:

Then why dont say ckmpd... he has been spamming for mths.Hahaha

better ( Date: 18-Oct-2021 16:50) Posted:

I have got nothing against Starship, even if he is an extreme bear.

If you look at all his posts, he only " validates" bearish views. So wouldn' t that make him a bear?

If no one notice it, doesn' t it make him a sneaky bear?....being a bear when no one notices it

x 0

I have got nothing against Starship, even if he is an extreme bear.

If you look at all his posts, he only " validates" bearish views. So wouldn' t that make him a bear?

If no one notice it, doesn' t it make him a sneaky bear?....being a bear when no one notices it?

Chagatai ( Date: 18-Oct-2021 16:41) Posted:

Starship is just giving perspective. That is Very Valid and appreciated 👍

x 0

Repair, upgrade and retrofit is likely the biz segment with the highest profit margins.

Tens of thousand of ships would need to go through retrofit/ upgrade to meet ever more stringent emission requirements.

SCM is in the global technology leader in the green retrofit of ships, especially cruise ships.

Chagatai ( Date: 18-Oct-2021 16:20) Posted:

Kep Corp merger will happen enterprise value by then will be 9 billion above break even on Gross profit revenue is 3-3.5 billion not to mention additional expertise and networking to bid for contracts
150 ships every year are on mandatory repair and upgrade R&U profit margins are very good. Sooner or later the labour supply will stabilise Covid will be contained and mitigated

x 0

Undisputed winner of the sneaky bear award. Starship might be paid very well by the shortist.

Starship ( Date: 18-Oct-2021 16:20) Posted:

3 women rally help for workers at Westlite dorm affected by Covid-19, pool over $10,000 worth of supplies overnight
OCTOBER 17, 2021 1:42 PM

More than 300 people banded together overnight to donate over $10,000 worth of supplies to the 2,000 odd foreign workers staying at the Westlite Jalan Tukang dormitory, after reports were published on their alleged lack of access to proper medical care.

In addition to the allegations, photos online appeared to show Covid-positive workers sleeping on the floor outside the dorm rooms so as not to spread the virus to their roommates.

Residents also claimed poor living conditions and said they had been given food that had worms in them or was spoiled, The Straits Times reported.

The police were eventually called and armoured riot police arrived at the scene to defuse the situation.

More than 300 joined WeChat group to help

Upon learning of their plight, three full-time mothers living in Singapore immediately formed a WeChat group to offer help to the affected workers, amassing more than $10,000 worth of supplies overnight.

The women, who are of Chinese nationality, were moved to act after reading about the situation in the news, reported Shin Min Daily News.

One of the women, a 37-year-old surnamed Hu, told the Chinese evening daily: " I didn' t expect more than 300 people to join the group overnight. It was touching to see people donating so enthusiastically.

Hu noted that those in the group comprised new Chinese immigrants, stay-at-home mums, or workers here on employment passes.

" We are not big bosses nor are we rich, but seeing our compatriots suffer, it made us want to come forward to help them."

Hu added that one person had generously donated 200 boxes of apples, while others donated their own supplies of face masks, disinfectants, food and anti-fever medication.

The supplies, estimated to have a combined value of over $10,000, were delivered to the dormitory on Thursday.

However, Hu pointed out that there was still a lack of medication for fever and colds, and hoped more can join the group to donate to those in need.

Of their motivation to do something to help, Hu said: " I have lived in Singapore for 13 years and understand the struggles these foreign workers must be going through. They came here to work in order to support their families back home. We didn' t wish to see their health and safety compromised due to the pandemic."

About 1,400 of the 3,420 beds at the dorm are occupied by workers from Sembcorp Marine, reported The Straits Times. The facility was newly-built and had just started operating in the second quarter of this year.

Under the new Covid-19 health measures announced two weeks ago, fully vaccinated workers who test positive but have no symptoms are to be isolated in a dedicated facility within the dorms for up to 10 days.

Those with symptoms are to be taken to community care facilities or hospitals depending on their condition.

https://www.asiaone.com/singapore/3-mums-rally-help-workers-westlite-dorm-affected-covid-19-pool-over-10000-worth-supplies