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Sembmarine
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TraderBen
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01-Aug-2019 15:29
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Not always same trick one la..
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LongNobley
Master |
01-Aug-2019 15:18
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There is a reson why Sembcorb Ind out of the blue take up the bank loan and lend to Marine. Probably a big movement merger is on the card. Now they are preparing and clean up the book first.
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trademaster
Supreme |
01-Aug-2019 15:08
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Shortists keep shorting and keep kena trapped. Shortists better cover , merger can easily bring this counter to $1.80.
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puppey
Veteran |
01-Aug-2019 14:58
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hahahaha same trick again, some retailers will fall dor it .. ..dyodd
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LongNobley
Master |
01-Aug-2019 14:51
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Sudden huge buyup within 2 mins. 1.5m gobbled up from 1.36 to 1.39.
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trademaster
Supreme |
01-Aug-2019 13:17
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Good news. Last year becos of merger news, price surge to almost $3.
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Qanghoo
Supreme |
01-Aug-2019 12:47
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Same old story circulating for over 3 yrs. But with OnG hybernating 4-5 yrs already n with no sign of any rainbow appearing, who knows, it cld be Hobson' s choice.
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puppey
Veteran |
01-Aug-2019 12:37
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it' s still too expensive for any privatisation or mergers.. they will wait for dirt cheap price to pull the trigger, right now waiting for as many bad news as possible to get rid of weak holders..imo dyodd
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reliever
Senior |
01-Aug-2019 12:33
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Will they buy at the NAV price? NAV now lower than the current pricw
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StockTrader78
Member |
01-Aug-2019 11:55
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BLOOMBERG: Temasek may look to merge Sembcorp Marine & Keppel Offshore: Daiwa -- Market Talk ...
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Dreamer_1234
Senior |
31-Jul-2019 18:54
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Yes! I think will drop further! My 2 cents thoughts
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Qanghoo
Supreme |
31-Jul-2019 18:26
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But 2H will be bad. How not so bad will depend on management' s adroitness at cost containment. N of course if, n that' s a big if, they are able to get one or two contracts then, like I said, px is likely to fry up a bit. Brazil? I share the view that is is being fried over n over again to give an additional negative spin on the stock. My sense, until n unless evidence surfaces otherwise, is SMM is in the clear n have not committed any wrong doing.
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puppey
Veteran |
31-Jul-2019 13:29
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have not seen the worst yet. longist can wait for it to bottom before making a bet.. right now too risky to buy unless one is too rich ..dyodd
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runaway
Senior |
31-Jul-2019 13:13
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All factored in? How do you price the fear? How much is the fine? |
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trademaster
Supreme |
31-Jul-2019 13:09
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All these news poor results and brazil case are just being recycled and refried to find an excuse for shortists to short down. Nothing is new. Smaller loss for 1H 2019 vs 2018 is in fact good news. Worst case scenario is all factored in the price.
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Stocky901
Supreme |
31-Jul-2019 12:53
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Very poor results ahead plus the potential huge fines from Brazillian gov.. no one is going to keep this stock now. | ||||
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Qanghoo
Supreme |
31-Jul-2019 11:16
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If there' s a 2 bil order, this one will almost surely up at least 50c.
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HendriJB
Supreme |
31-Jul-2019 11:00
Yells: "Breathe, Step Back - Think " |
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*Throwing in the towel for now* reported by CIMB
Suffering from no big bang orders SMM guided for widening losses in 2H19F, implying more than S$30m losses per quarter. This is in addition to the unexpected loss of S$8.5m in 2Q19. Simplistically put, SMM had expected orders to come in but they did not, due to tender cancellations and delays in final investment decisions, such as FPSO for Rosebank, Bay Du Nord and Browse development. Costs (staff, R&D and capex) were incurred either to bid for or in anticipation of winning new orders. There have been no sizeable orders above S$200m since May 18. The last significant project was Shell?s Vito Floating Production Unit (FPU) hull, topsides and living quarters. Since then, orders have been fragmented and smaller in size, such as topsides for wind power ropax ferries and LNG bunker vessels. What if orders come in for 2H19? The damage from cumulative weak orders in 2H18-1H19 is likely to continue into 1Q20F. Even if SMM wins a S$2bn order today, it would take at least nine months to see meaningful profit recognition post engineering and procurement stages. Therefore, we think the market is unlikely to get excited over order wins until 1) the momentum becomes sustainable or 2) SMM shows consistent improvement in quarterly EBIT. Having said that, it is only right to point out that SMM is still actively chasing deals. Enquires are broad based, from production to drilling segments. Some notable new projects that SMM has been reported to be bidding for by Upstream include offshore platform for Shell?s Crux gas project in Western Australia and platform jackets for Shwe gas project off Myanmar. We now expect S$500m and S$1bn of new orders in 2019-20 (previously S$1bn-1.5bn). YTD order book stood at S$2.14bn. Aesthetics could help in 2020 In FY20, there will be an instant boost of S$48m from the absence of accelerated depreciation incurred in FY19 as a result of the earlier move from Tanjung Kling yard to the new Boulevard Yard. In addition, the drawdown of S$1.5bn subordinate loan from SCI to repay bank borrowings could help to re-profile its reported net gearing from 1.44x in 2Q19 to 0.7x aesthetically. Slash EPS expect continued losses in 2020F We now expect SMM to report losses of S$71m and S$0.5m respectively in FY19F and FY20F, with the widening losses in 2H19 and c.2.5%-3.3% of EBIT margin for FY20-21F on weak orders. |
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troxxy
Senior |
31-Jul-2019 09:28
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shorted 135 | ||||
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puppey
Veteran |
31-Jul-2019 09:02
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all dead now if they chased price. more downside today, rebound unlikely ...dyodd
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