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now demerged with scm. no doubt energy sector is competitive, still there is biz.
gone are those days expecting huge profits.
SEMBCORP COMMEMORATES THE COMPLETION OF 800MW SECI WIND CAPACITY IN INDIA

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https://thefinance.sg/2020/09/17/paywall-sembcorp-industries-share-price-to-smash-3-00-with-india-ipo/
by sg wealth builder

On 16 September 2020, I invested in Sembcorp Industries (SCI). My entry price for Sembcorp Industries share price was $1.35. The decision to enter this counter was after my research done for my previous article &ldquo Sembcorp Industries share price to hit $5 after demerger?&rdquo

frankly i will be very happy if what the writer said comes to pass

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that' s on 29 may 2020, last day of the week. the market plunged, those who grab sci then probably would have sold.
now probably most entered when sci is about $1.90
seil ipo is highly anticipated

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nashingo, which also means scm will be moving into phase 2 soon.
so scm will be consolidating quickly and last friday huge volume is a step closer to fortifying scm
looks like more news are coming.

ADS2200 ( Date: 20-Sep-2020 14:11) Posted:

The stock market will become disconnected from the economy in 2021 as companies expand layoffs, money manager says

The economy and stock market will become increasingly disconnected from each other in 2021, as companies are likely to reduce headcount to increase profits, manager Kevin Nicholson told CNBC' s " Trading Nation" on Thursday.

The co-chief investment officer of global fixed income at RiverFront Investment Group said firms are going to focus more on profitability next year, and this is " going to create a divergence between the economy and the market."

just need to connect the dots, temasek has done the right thing to unlock not just value but also potential to compete with the peers. imho more value institutes, sovereign wealth funds, and individuals will buy into scm.

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how about another senario. with demerger of sci and scm, the rating of both companies have improved.

On the other hand, what if the current market cap of Sembcorp Marine (S$0.72bn) is its actual fair value? This will mean that post-infusion, it will only have a market cap of S$2.82bn, thus translating to a per-share value of S$0.22/share.

For Sembcorp Marine shares to trade below S$0.20/share, that will imply its current fair value should be S$400m or less.

At S$400m, the counter is essentially trading at only 0.2x P/B, given that its equity value is S$1.9bn. (currently the scm mkt cap is $1.97bn)
the price is at 52 week low ...

Thiamm ( Date: 19-Sep-2020 14:50) Posted:

your explanation sounds interesting ......... why BB and TH plot to acquire more SMM shares?

better ( Date: 19-Sep-2020 14:26) Posted:

The market action for SMM has been pretty good over the past week. Strong interest by deep pocket investors to accumulate. To convince the SCI retail shareholder to sell their SMM shares at the cheap, the SMM accumulators are likely the same people pushng up SCI share price. SCI shareholders would then be willing to sell their SMM shares when they calculated that 4.9*16.5 + 1.33 = $2.14 is 10+% higher than SCI share price before the distribution.

Once the selling by SCI retail shareholders dry up in the next few weeks, SCI shares would likely drop below $1. The interest of the big boys including Temasek has always been to buy more SMM shares at the cheap. SCI is in a very matured business. It can be argued that almost anyone can run a power plant nowadays. You can only get the contract only when you are willing undercut your competitors substantially and agree to take on a huge debt to finance or fund the project. SCI has over $11 billion debt and make only $200-300 million on a good year. $2.6 billion of its debt is due in the next 12mths. The probability of a Temasek led rights issue to recapitalise SCI is high based on its current trajectory. That' s why SCI need to do an India IPO at the cheap urgently to avert an impending cash crunch.

You know how bad SCI' s cashflow is when they have to announce to the world recently that they managed to secure a meagre $40 million loan to fund their solar contract. Bear in mind that Hyflux went under when they try to get into the highly competitive and volatile " electricity" business.

I am vested in SMM, having subsribed to their rights and excess rights. Bought a bit more over the past week.

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The stock market will become disconnected from the economy in 2021 as companies expand layoffs, money manager says

The economy and stock market will become increasingly disconnected from each other in 2021, as companies are likely to reduce headcount to increase profits, manager Kevin Nicholson told CNBC' s " Trading Nation" on Thursday.

The co-chief investment officer of global fixed income at RiverFront Investment Group said firms are going to focus more on profitability next year, and this is " going to create a divergence between the economy and the market."

just need to connect the dots, temasek has done the right thing to unlock not just value but also potential to compete with the peers. imho more value institutes, sovereign wealth funds, and individuals will buy into scm.

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the vanguard group, inc 1.4371%, norges bank 0.6887% and past weeks of value investors bought into scm.
desmodeus, if you have sth to say, just say it. else maybe perceive as smokescreen.

desmodeus ( Date: 20-Sep-2020 00:07) Posted:

SCI shareholders should ask where SCI get the money to buy smm shares to distribute to its shareholders and write off the debt owing by SMM.

Login20 ( Date: 19-Sep-2020 23:59) Posted:

--- Post Removed by User ---

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To truly unlock the full value of Sembcorp Industries share price, the management must continue its effort in recycle capital through its energy and urban assets. And one of the major catalysts for Sembcorp Industries share price is the listing of the India business unit, Sembcorp Energy India Ltd (SEIL).

imho demerger of sci and scm is moving in the right direction

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To truly unlock the full value of Sembcorp Industries share price, the management must continue its effort in recycle capital through its energy and urban assets. And one of the major catalysts for Sembcorp Industries share price is the listing of the India business unit, Sembcorp Energy India Ltd (SEIL).

imho demerger of sci and scm is moving in the right direction

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Prior to 2020, SCM had dragged down SCI&rsquo s financial performances for years because of the ailing oil and gas sector. This resulted in SCM borrowing $2 billion of subordinated loan from SCI in June 2019. The latest development should enable Sembcorp Industries share price to see light at end of tunnel as the debt levels will be significantly reduced and the proposed demerger will lead to increase in strategic focus.

On 18 August 2020, PUB and Sembcorp Industries announced the commencement of construction of the 60 megawatt-peak (MWp) floating solar photovoltaic (PV) system on Tengeh Reservoir. Then on 17 August 2020, Sembcorp Industries announced its first integrated urban development in Myanmar. These strategic projects would likely to lead to increasing Sembcorp Industries share price in the coming months.

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Prior to 2020, SCM had dragged down SCI& rsquo s financial performances for years because of the ailing oil and gas sector. This resulted in SCM borrowing $2 billion of subordinated loan from SCI in June 2019. The latest development should enable Sembcorp Industries share price to see light at end of tunnel as the debt levels will be significantly reduced and the proposed demerger will lead to increase in strategic focus.

temasek has unlocked value and potential of two focused companies. imho

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Prior to 2020, SCM had dragged down SCI&rsquo s financial performances for years because of the ailing oil and gas sector. This resulted in SCM borrowing $2 billion of subordinated loan from SCI in June 2019. The latest development should enable Sembcorp Industries share price to see light at end of tunnel as the debt levels will be significantly reduced and the proposed demerger will lead to increase in strategic focus.

temasek has unlocked value and potential of two focused companies. imho

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i would agree friday is a significant day which start of new year (someone told me). sell short volume is not significant 14,277,900 with a value $2,303,420.60 as compared to the last minute volume 80,606,000 matched with a strong takeup volume. it is a good exchange. pretty awesome

waiting can be just as interesting as scm is taking shape. since the announcement of demerger has been all the noises. ultimately temasek is doing their best to unlock value in all the companies.
wait more news are in the pipeline. imho.

simpleguy123 ( Date: 18-Sep-2020 17:57) Posted:

Guys its triple-witching day....its meant to see such activity only for today. #legit

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blackrock has been displaced by another. it is an individual, ceo of scm wong weng sun 0.1815%. ranked after temasek
indeed through all the ceo, directors and all, i believe temasek is holding more than 80% of scm

ADS2200 ( Date: 17-Sep-2020 12:09) Posted:

The larger point for SMM' s minority shareholders is that they are really in the same boat as Temasek, whether they obtained their shares largely from the 5-for-1 rights issue or entirely from the distribution in-specie by SCI.

About one-fifth of Temasek' s SMM shares came from the sub-underwriting deal, which would have cost it S$0.20 per share. The other four-fifths of its SMM shares were de-merged from its SCI shares, the value of which it will certainly want to preserve.

So, the current spate of selling notwithstanding, it seems logical to assume that whatever strategic moves Temasek makes with SMM will be in the interests of most minority investors too.

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don' t think that is on their mind rather planning for the next move

danger ( Date: 17-Sep-2020 15:44) Posted:

also mean Temasek hasn' t sold any

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you test the scm, scm test you. what are you made off short or long term value investors.
good volume so more investors can come onboard
first the creation of two focused companies.
now already demerged. hope to hear more news coming

ADS2200 ( Date: 17-Sep-2020 12:09) Posted:

The larger point for SMM' s minority shareholders is that they are really in the same boat as Temasek, whether they obtained their shares largely from the 5-for-1 rights issue or entirely from the distribution in-specie by SCI.

About one-fifth of Temasek' s SMM shares came from the sub-underwriting deal, which would have cost it S$0.20 per share. The other four-fifths of its SMM shares were de-merged from its SCI shares, the value of which it will certainly want to preserve.

So, the current spate of selling notwithstanding, it seems logical to assume that whatever strategic moves Temasek makes with SMM will be in the interests of most minority investors too.

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same major shareholders as scm - temasek, vanguard, norges, blackrock. the only exception is dimensional fund

FATABA ( Date: 17-Sep-2020 16:41) Posted:

Q3 result wld be the last set for SCI which still has some SMM lost inside .
Bye bye to the son .

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The larger point for SMM' s minority shareholders is that they are really in the same boat as Temasek, whether they obtained their shares largely from the 5-for-1 rights issue or entirely from the distribution in-specie by SCI.

About one-fifth of Temasek' s SMM shares came from the sub-underwriting deal, which would have cost it S$0.20 per share. The other four-fifths of its SMM shares were de-merged from its SCI shares, the value of which it will certainly want to preserve.

So, the current spate of selling notwithstanding, it seems logical to assume that whatever strategic moves Temasek makes with SMM will be in the interests of most minority investors too.

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Temasek' s enhanced stake may fortify minority shareholders' faith in Sembmarine

TA_Expert ( Date: 17-Sep-2020 11:01) Posted:

We all know that it won' t happened.

Many people wish that SMM will go back to its glory days but it is just a dream.

SMM is technically bankrupt without SCI and Temasek monies.

Temasek will eventually privatise it cheaply with all the minority shareholder values wipped out. This is the best way for them to save face. Once it is delisted, the company will be taken off from the media and investors radars.

eric998 ( Date: 17-Sep-2020 10:55) Posted:

i agree... i will do the same too.. SMM will eventually go back to above 20c probably in 2-3 years time.. but we not so patience to wait so long..

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plausible solution for the merger of smc and keppel o& m. ultimately to unlocked value and merge to be more attractive. thanks for all the good sharing

Sembmarine carve-out should make Sembcorp attractive versus peers

SgTrader17 ( Date: 15-Sep-2020 23:12) Posted:

Everyone says will be SCM buying over KC Marine unit after Temasek pull out of the deal for KC. But, I think there's every possible for Temasek to come out with a 2nd offer, for Keppel Corp or maybe buy over KC Marine unit. Even possible another demerger plan in Keppel Corp and then make an offer using KC Marine unit to take over SCM. All options still possible. The end deal, in my own opinions, due to the current market situation, a merger for SCM and KC Marine unit is unavoidable. Be it saving costs or combine of technology etc. It gives benefits for both to survive in the long term. My two sense and sharing.

Login20 ( Date: 15-Sep-2020 22:42) Posted:

Wondering if this is logical? Just base on lay man thinking, do not take offend if statements is wrong.

Assuming TH has 70% of SCM which some have claimed TH is:
1.) 12,555,229,000 x 0.7 = 8,788,660,300 shares
2.) 8,788,660,300 shares x $0.163 (today share price) = $1,432,551,629 = $1.432b
3.) Paper lost from NAV $0.3246 = 8,788,660,300 shares x $0.1616 (NAV - today share price) = $1.42b

Assuming TH to privatise SCM for the next 30%
1.) 12,555,229,000 shares x 0.3 = 3,766,568,700 shares
2.) 3,766,568,700 shares at NAV $0.3246 = $1,222,628,200.02 = $1.22b

Spending another $1.22b to gain 100% SCM control, yet able to recover the paper lost of $1.42b from SCM NAV (without the supply and demand issue from SGX equity).
Besides if it will to merge SCM with KC in TH leadership as most used to say, 3 cooks might spoil the soup, to privatise SCM 100% in TH control, leaving with only 2 parties TH and KC in the picture might sound easiler.
Again, to privatise SCM, might save many other costs which we can' t imagine.
Again, how SCM will to merge with KC like some suggest shares swab, buy over, but SCM only left with about NAV $4b, same amount that TH was suppose to buy over KC Marine if not wrong.

So what is TH next move? Everybody is waiting. DYODD.