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SgTrader17 Elite	10-Aug-2020 16:35        SgTrader17 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Enjoy your rides in those medical counters while there's virus around. Congrats. I don't buy or ride those because I think the speculation is too huge for me, pushed up beyond imagination. And secondly, I don't support the idea of having the virus around for long time, so these counters will forever be rising. Instead, I hope the virus can be cured, for humanity sake, and thus, these medical counters will need to face some realistic price adjustments come one final day(s). As said, I am not into buying those, and congratulations to those enjoying the big surge. I made no profits but I also make no losses in them. So, it's neutral for me. Dyodd. Welcome to comment in this section on SCI or SCM. RS or other medical stocks have their own sections, for sure. Cheers. tasking      ( Date: 10-Aug-2020 16:21) Posted: another smart alec, n fortune teller wat made u tink only small retail kanna big injurry, naarow minded analysis. No wonder u missed BIG time in medical counters and pour cold water in RS & MT SgTrader17      ( Date: 10-Aug-2020 16:15) Posted: Ya. I think a lot of small investors kena this one big time. If I keen in KC, I will think it is zero risk buying at $6+ when in near future can get offer from Temasek, which will not back out from the plan. Now ... It seems many got jammed, think their buying will get some returns but ended up on the last stages the offer withdrawn and sure many ppl will be panicking to sell to prevent further downside of the prices and more losses if selling late. Tomorrow will be jialat for KC. Will it affect SCM prices? I think somehow will, as the merger of KC and SCM by Temasek may not be feasible now. But the demerger plan for SCM is still a logical plan to reduce the $4b debt of SCM and to enable it to survive through the crisis. Even more important for it to go through now, without the KC possible merger.
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SgTrader17 Elite	10-Aug-2020 16:28        SgTrader17 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don't think there's any plan to privatise SCM. If have, why still need that whitewash resolution for EGM. SCM will just operate separately from SCI and under Temasek as "new parent". Is it possible for another demerger plan for KC to take out its Marine / energy unit so later part to join hands with SCM? Neither SCM nor KC energy unit will have funds to make offer to take out the other unit. Both are not doing well and no funds. The next move is now not clear till some new announcements come in the future. Haiz... Reflate      ( Date: 10-Aug-2020 16:18) Posted: More money to privatise sembmar? Since they arent pursuing kepcorp, sembmar will be an attractive target for their portfolio. Ventura1234      ( Date: 10-Aug-2020 15:33) Posted: Keppel just announced on sgxnet that Kyanite will not proceed with offer. Might have some knee jerk reaction tomo.
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simpleguy123 Elite	10-Aug-2020 16:22        simpleguy123 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I'm glad we don't have an ultra hysterical shortist in here. Unlike what i read in investingnote website. Theres this super shortist user call "noeyesee" raising hell over there D: josemmm123      ( Date: 10-Aug-2020 16:17) Posted: --- Post Removed by User ---
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tasking Senior	10-Aug-2020 16:21        tasking About Contact  Quote this Post!
x 0   x 0  Alert Admin	another smart alec, n fortune teller wat made u tink only small retail kanna big injurry, naarow minded analysis. No wonder u missed BIG time in medical counters and pour cold water in RS & MT SgTrader17      ( Date: 10-Aug-2020 16:15) Posted: Ya. I think a lot of small investors kena this one big time. If I keen in KC, I will think it is zero risk buying at $6+ when in near future can get offer from Temasek, which will not back out from the plan. Now ... It seems many got jammed, think their buying will get some returns but ended up on the last stages the offer withdrawn and sure many ppl will be panicking to sell to prevent further downside of the prices and more losses if selling late. Tomorrow will be jialat for KC. Will it affect SCM prices? I think somehow will, as the merger of KC and SCM by Temasek may not be feasible now. But the demerger plan for SCM is still a logical plan to reduce the $4b debt of SCM and to enable it to survive through the crisis. Even more important for it to go through now, without the KC possible merger. FATABA      ( Date: 10-Aug-2020 16:00) Posted: OMG this is a surprise that they CHOOSE to announce this during a holiday and when the market is so bad ! Kep prices will be affected .....this management of Keppel need to wake up !!
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Reflate Member	10-Aug-2020 16:18        Reflate About Contact  Quote this Post!
x 0   x 0  Alert Admin	More money to privatise sembmar? Since they arent pursuing kepcorp, sembmar will be an attractive target for their portfolio. Ventura1234      ( Date: 10-Aug-2020 15:33) Posted: Keppel just announced on sgxnet that Kyanite will not proceed with offer. Might have some knee jerk reaction tomo.
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SgTrader17 Elite	10-Aug-2020 16:15        SgTrader17 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya. I think a lot of small investors kena this one big time. If I keen in KC, I will think it is zero risk buying at $6+ when in near future can get offer from Temasek, which will not back out from the plan. Now ... It seems many got jammed, think their buying will get some returns but ended up on the last stages the offer withdrawn and sure many ppl will be panicking to sell to prevent further downside of the prices and more losses if selling late. Tomorrow will be jialat for KC. Will it affect SCM prices? I think somehow will, as the merger of KC and SCM by Temasek may not be feasible now. But the demerger plan for SCM is still a logical plan to reduce the $4b debt of SCM and to enable it to survive through the crisis. Even more important for it to go through now, without the KC possible merger. FATABA      ( Date: 10-Aug-2020 16:00) Posted: OMG this is a surprise that they CHOOSE to announce this during a holiday and when the market is so bad ! Kep prices will be affected .....this management of Keppel need to wake up !!! Ventura1234      ( Date: 10-Aug-2020 15:33) Posted: Keppel just announced on sgxnet that Kyanite will not proceed with offer. Might have some knee jerk reaction tomo.
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FATABA Supreme	10-Aug-2020 16:00        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OMG this is a surprise that they CHOOSE to announce this during a holiday and when the market is so bad ! Kep prices will be affected .....this management of Keppel need to wake up !!! Ventura1234      ( Date: 10-Aug-2020 15:33) Posted: Keppel just announced on sgxnet that Kyanite will not proceed with offer. Might have some knee jerk reaction tomo.
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Ventura1234 Member	10-Aug-2020 15:33        Ventura1234 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keppel just announced on sgxnet that Kyanite will not proceed with offer. Might have some knee jerk reaction tomo.
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sheerluck Supreme	10-Aug-2020 14:14        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Based on SCI and SCM latest 2020 H2 results, after the recapitalisesation and demerger, based on scenario (1) SCI subscribe to its own entitlement, scenario (2) SCI subscribe to its own entitlement and assuming it needss to underwrite all that $0.6bil: Scenario (1) SCI NAV will be $1.80 SCM share distribution-in-specie will be 428 per 100 SCI shares Scenario (2) SCI NAV will be $1.67 SCM share distribution-in-specie will be 491 per 100 SCI shares So the net worth of a SCI shareholder after the transaction per SCI share is: scen 1 = 1.80f + 4.28s scen 2 = 1.67f + 4.91s where f is say the P/B prescribed to SCI after recap and demerger and s is the SM price  after recap and demerger So if market gives SCI P/B =1 and SCM at 20cts, then both scen gives $2.65. SCM NAV after the right issue should be around 32cts. So say if market prescribes a 50% discount to SCM BV, then s will be 16cts and say if market  prescribes a 20% discount to SCI BV, the SCI net worth will be ard $2.12. Now what will f and s be?? Theoratically, this exercise benefit SCI by separating out SCM from it and benefits SCM by converting its $1.5bil debts into equity.  Effectively, we can also see it as SCI shareholder has already subscribed to SCI rights and the outcome is also having SCI NAV dropping from $3.18 to $1.80/$1.67.  So looking at that $1.40/$1.50 drop in NAV, the sacrifice from SCI shareholders are also quite obvious. ​ One interesting fact that I noticed about SCM is that it has largely trade above P/B =1 but SCI has been around 0.85  up until COIVD hits.  It seems like the poor SCM performance has hit SCI more than SCM itself.  Rather strange.  Anyone can offer a convincing argument for this?
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LongNobley Master	10-Aug-2020 13:56        LongNobley About Contact  Quote this Post!
x 0   x 0  Alert Admin	During Noble' s EGM and several other companies' , there' s no trading halt during an EGM itself. Stocky901      ( Date: 10-Aug-2020 13:01) Posted: Don't think this is allowed by MAS. So most likely a trading halt tomorrow for both counters. arctician1982      ( Date: 10-Aug-2020 12:19) Posted: those who have both SCI and SCM have advantage, can attend 10am SCM EGM and standby take position for SCI or keppel based on whitewash results. 1130am SCI EGM is redundant because no one will vote no.
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Stocky901 Supreme	10-Aug-2020 13:01        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't think this is allowed by MAS. So most likely a trading halt tomorrow for both counters. arctician1982      ( Date: 10-Aug-2020 12:19) Posted: those who have both SCI and SCM have advantage, can attend 10am SCM EGM and standby take position for SCI or keppel based on whitewash results. 1130am SCI EGM is redundant because no one will vote no.
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LongNobley Master	10-Aug-2020 12:36        LongNobley About Contact  Quote this Post!
x 0   x 0  Alert Admin	There won?t be any wild swing. Price will stagnant with low volume SgTrader17      ( Date: 10-Aug-2020 12:15) Posted: My broker told me no halt. So, tomorrow I will prepare my coffee big big cup, gap gao, iPad ready, and see the prices from 10.00am onwards. Expect swings before start of EGM. Hope all will turn out well. Anyone knows whether we will get results tomorrow? Or need wait till Wednesday?
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ysh2006 Supreme	10-Aug-2020 12:31        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tomorrow morning 7.30 -8.30am still can ask for trading halt lah...HR busy go for NDP show .
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arctician1982 Senior	10-Aug-2020 12:19        arctician1982 About Contact  Quote this Post!
x 0   x 0  Alert Admin	those who have both SCI and SCM have advantage, can attend 10am SCM EGM and standby take position for SCI or keppel based on whitewash results. 1130am SCI EGM is redundant because no one will vote no.
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SgTrader17 Elite	10-Aug-2020 12:15        SgTrader17 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My broker told me no halt. So, tomorrow I will prepare my coffee big big cup, gap gao, iPad ready, and see the prices from 10.00am onwards. Expect swings before start of EGM. Hope all will turn out well. Anyone knows whether we will get results tomorrow? Or need wait till Wednesday?
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ruanlai Elite	10-Aug-2020 12:03        ruanlai About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Should halt during the EGM as all people in the EGM will have the first hand news. This first hand news is much better than the retails investors who not vest or those did not participated. Those who are in the EGM  can execute buy or sell immediately to run road or huat even before the meeting ends.  On or Off do affect the trading patterns. Price movement up and down will make people confused during the EGM if someone is going to manipulate the buy and sell. So  to have a fair view, SCI and SMM  should take immediate action to halt......
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Justice888 Supreme	10-Aug-2020 11:59        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	All is confirmed no need to halt... destiny fixed SgTrader17      ( Date: 10-Aug-2020 07:20) Posted: My broker informed that trading tomorrow will as normal even during EGM. So, we do not expect a halt. Unless have special announcement or other news. simpleguy123      ( Date: 10-Aug-2020 00:32) Posted: Yup bro, same here. And still not a trading halt in sight...
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Justice888 Supreme	10-Aug-2020 11:58        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U Long ? ruanlai      ( Date: 10-Aug-2020 11:52) Posted: Should halt during the EGM as all people in the EGM will have the first hand news then the retails investors who not vest or those did not particioated. On or Off do affect the trading patterns and movement up and down will make people confused if someone is going to manuplating the buy and sell during the meeting. So SGX should take immediate action to halt this count for a fair view.......
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freeme Elite	10-Aug-2020 10:21        freeme About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today let me share my valuation take on SCI. If you all read the SCI circular, NAV for SCI after de-merger is 1.8 (est). So 1.8 is based on 1.0 P/B value. Given that SCI after demerger as a purer play for energy & utility play, P/B ratio against peers is around 0.9 P/B value. (Read somewhere from analyst report.) So fair value for SCI per share after demerger = 1.62 (at 0.9 P/B) Market trading price for SMM after demerger = 0.2 (worst case - at rights pricing a share)  Given that every 100 SCI, 427 SMM will be given. Value of 427 SMM will be minimumly value at $8450, which translate to 0.845 per SCI shares.  Valuation for SCI now after EGM on 11 Aug (before XE) = $2.47  If we use a lower SCI P/B at 0.8 instead of 0.9, the fair value will also be at = $2.28 Good luck everyone thats on SCI BOAT and hope for a good EGM tomorrow.
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SgTrader17 Elite	10-Aug-2020 07:20        SgTrader17 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My broker informed that trading tomorrow will as normal even during EGM. So, we do not expect a halt. Unless have special announcement or other news. simpleguy123      ( Date: 10-Aug-2020 00:32) Posted: Yup bro, same here. And still not a trading halt in sight.... arctician1982      ( Date: 10-Aug-2020 00:19) Posted: i think SMM even if move up wont be back to 80c level, it remove the dilution but bring in real insolvency risks, so wont help much if demerger fail, if anything having temasek as anchor is much better..anyway check your mailbox i already receive EGM link for SCM and SCI, tue 10am and 1130am
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