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TikTalk Supreme	16-Oct-2020 13:33        TikTalk About Contact  Quote this Post! Style: Combined   Mood: Yells: "Anyone miss me?"
x 0   x 0  Alert Admin	i saw 2 scoops 100k each wor
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FATABA Supreme	16-Oct-2020 13:29        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Why is there a SCM value of 0.92 ...which shld be removed ?  Anyway, again I emphasiize the importance of the coming result for SCI ( this is the first time it report wo SCM ) ....and rightfully a clearer picture on ALL the other division of SCI .....energy ( shld be a cash cow even wo listing of its India side) , infrastruture n waste mgt is doing well . I am very patient to wait till Nov for it to report / also chance for it to clean up CASH loan etc after removing SCM debt.  Holding on tight .  Dyodd danger      ( Date: 16-Oct-2020 12:12) Posted: Post demerger ... A key question is if the S$0.73/share ascribe to its Energy division is fair. On the surface, this translates to a value of S$1.3bn and with its energy division generating S$360m in profit before exceptional items in 2019, which equates to trailing normalized PER multiple of just 3.6x. Looks extremely cheap.   CIMB previously forecasted its forward Energy division to generate S$269m in profits for 2020 or a forward multiple of 4.8x. Still decently cheap. However, given the huge variability in earnings, particularly from India, there is a case to be cautious. Alternatively, one can strip out the earnings of India and value that entity on a book basis.   In Sembcorp Industries&rsquo book, its India entity alone was valued at S$1.57bn as of end-2019. Compare that to our valuation of the entire energy division at S$1.3bn and it seems like there is a whole lot of re-rating potential for Sembcorp Industries. However, the only way to realize that potential is to monetize its stake in India through an IPO which has been delayed time and again. If I assume only a  50% value to its India book value, then its India entity will be valued at S$0.785bn. That will imply that the rest of its Energy division is valued at S$1.3bn &ndash S$0.785bn = S$0.515bn These geographical entities are forecasted by CIMB to generate combined earnings of S$193m (including corporate expenses). That will imply  a forward PER multiple of just 2.7x for these entities. There is huge value to be unlocked from Sembcorp industries assuming they can get their act together and improve the operating performance of their core Energy Division.   if the market did decide to re-rate Sembcorp Industries, which we based on the valuation assumption below: 50% book value of India entity 8x forward PER to its Energy Division 1x book for Urban Development Value of Sembcorp Marine shares at S$0.92/SCI share That will translate to a fair of  S$1.88/share  after deducting the S$0.83/share in additional debt commitment.        ckmpd1      ( Date: 16-Oct-2020 12:02) Posted: Agree with you, danger.  while we think SCI is undervalued, some may think that it is opvervalued at $1.43.  It is ok.  that allows us to accum,ulate at $1.43 and the other to cash out at that price
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wehuattogether88 Supreme	16-Oct-2020 13:28        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1.44 kanna scoop up. Beautiful!
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bystander1965 Supreme	16-Oct-2020 13:24        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Still around! Spotted your post. Proves I am still reading on and off. The euphoria has died down. So I just let it grow. Parked but not forget. 😛 Learning to be a proper investor. Sitting still and do nothing. 😁 Very soon all my smm entitlements from sci will truly be "free". ,🎆 🎉 danger      ( Date: 16-Oct-2020 12:04) Posted: where is this brother ? bystander1965      ( Date: 10-Sep-2020 15:39) Posted: We have some very childish people in this forum.
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danger Supreme	16-Oct-2020 13:22        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Some say $2  ...........
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john_ric Supreme	16-Oct-2020 12:39        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	let' s wait and see if sh price can go up to 1.88.
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danger Supreme	16-Oct-2020 12:12        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Post demerger ... A key question is if the S$0.73/share ascribe to its Energy division is fair. On the surface, this translates to a value of S$1.3bn and with its energy division generating S$360m in profit before exceptional items in 2019, which equates to trailing normalized PER multiple of just 3.6x. Looks extremely cheap.   CIMB previously forecasted its forward Energy division to generate S$269m in profits for 2020 or a forward multiple of 4.8x. Still decently cheap. However, given the huge variability in earnings, particularly from India, there is a case to be cautious. Alternatively, one can strip out the earnings of India and value that entity on a book basis.   In Sembcorp Industries&rsquo book, its India entity alone was valued at S$1.57bn as of end-2019. Compare that to our valuation of the entire energy division at S$1.3bn and it seems like there is a whole lot of re-rating potential for Sembcorp Industries. However, the only way to realize that potential is to monetize its stake in India through an IPO which has been delayed time and again. If I assume only a  50% value to its India book value, then its India entity will be valued at S$0.785bn. That will imply that the rest of its Energy division is valued at S$1.3bn &ndash S$0.785bn = S$0.515bn These geographical entities are forecasted by CIMB to generate combined earnings of S$193m (including corporate expenses). That will imply  a forward PER multiple of just 2.7x for these entities. There is huge value to be unlocked from Sembcorp industries assuming they can get their act together and improve the operating performance of their core Energy Division.   if the market did decide to re-rate Sembcorp Industries, which we based on the valuation assumption below: 50% book value of India entity 8x forward PER to its Energy Division 1x book for Urban Development Value of Sembcorp Marine shares at S$0.92/SCI share That will translate to a fair of  S$1.88/share  after deducting the S$0.83/share in additional debt commitment.        ckmpd1      ( Date: 16-Oct-2020 12:02) Posted: Agree with you, danger.  while we think SCI is undervalued, some may think that it is opvervalued at $1.43.  It is ok.  that allows us to accum,ulate at $1.43 and the other to cash out at that price. danger      ( Date: 16-Oct-2020 11:52) Posted: SCI since the crash in 2009 made a recovery towards $5+ .. then from 2011 until end 2014 it was fluctuating around $5 then drag down by SCM , it hover around $3 for another 2 years + .....so and so forth ... at current 0.44x BOOK VALUE ... its undervalued
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danger Supreme	16-Oct-2020 12:04        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	where is this brother ? bystander1965      ( Date: 10-Sep-2020 15:39) Posted: We have some very childish people in this forum.
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ckmpd1 Supreme	16-Oct-2020 12:02        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree with you, danger.  while we think SCI is undervalued, some may think that it is opvervalued at $1.43.  It is ok.  that allows us to accum,ulate at $1.43 and the other to cash out at that price. danger      ( Date: 16-Oct-2020 11:52) Posted: SCI since the crash in 2009 made a recovery towards $5+ .. then from 2011 until end 2014 it was fluctuating around $5 then drag down by SCM , it hover around $3 for another 2 years + .....so and so forth ... at current 0.44x BOOK VALUE ... its undervalued
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danger Supreme	16-Oct-2020 11:52        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	SCI since the crash in 2009 made a recovery towards $5+ .. then from 2011 until end 2014 it was fluctuating around $5 then drag down by SCM , it hover around $3 for another 2 years + .....so and so forth ... at current 0.44x BOOK VALUE ... its undervalued
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ckmpd1 Supreme	16-Oct-2020 11:46        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree with you, Maximus.  We must allow others to interpret and draw his own conclusions.  We must each do our own diligence.  We must not be arrogant to think that only our conclusion is correct and others are flawed. St.Maximus      ( Date: 16-Oct-2020 11:42) Posted: Agreed fully. There are however faulty/mistaken analyses and wild interpretations, leading sometimes, to nonsensical results that support conclusions and theses that serve only to mislead others into traps. We must guard against them, and thus healthy debates over differing viewpoints using solid evidence (like those given in court) are good in the long run.
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St.Maximus Supreme	16-Oct-2020 11:42        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed fully. There are however faulty/mistaken analyses and wild interpretations, leading sometimes, to nonsensical results that support conclusions and theses that serve only to mislead others into traps. We must guard against them, and thus healthy debates over differing viewpoints using solid evidence (like those given in court) are good in the long run.
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ckmpd1 Supreme	16-Oct-2020 11:34        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks, Maximus.  Data and statistics are there for the analysts and investor to interpret.  Not all analysts or investors will come to the same conclusion.  this is precisely good because for one who thinks it is underpriced, there is one who thinks it is over priced.  That is why there is a buyer and seller. St.Maximus      ( Date: 16-Oct-2020 11:29) Posted: Thanx for your clarification ckmpd1, You agree that SCI is a gem and do not doubt that it is currently underpriced. These are viewpoints that can be challenged by questioning the premise this viewpoint is built upon. What I am highlighting is that we take care not to hold the view that SCI is a gem purely  based on a false premise - that SCI was trading around 5 dollars most of the time, as asserted.   ckmpd1      ( Date: 16-Oct-2020 11:13) Posted: I agree that sci is a gem. I do not doubt that SCI, at $1,43, is underprice
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St.Maximus Supreme	16-Oct-2020 11:29        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanx for your clarification ckmpd1, You agree that SCI is a gem and do not doubt that it is currently underpriced. These are viewpoints that can be challenged by questioning the premise this viewpoint is built upon. What I am highlighting is that we take care not to hold the view that SCI is a gem purely  based on a false premise - that SCI was trading around 5 dollars most of the time, as asserted.   ckmpd1      ( Date: 16-Oct-2020 11:13) Posted: I agree that sci is a gem. I do not doubt that SCI, at $1,43, is underpriced St.Maximus      ( Date: 16-Oct-2020 11:10) Posted: What are you agreeing with, ckmpd1? a) That SCI is definitely worth accumulating at $1.43 and that it will soar soon? or b) That SCI used to trade over $6... and about $5 most of the years? As for statement a), that is a view-point and I will not say anything else. As for statement b), that is a half-truth and a potentially very misleading statement because SCI did not trade about $5 most of the years (only at certain peaks) and traded above $6.00 for only a brief moment in Sep-Oct 2007.  See the price chart for yourself below: https://sg.finance.yahoo.com/quote/U96.SI?p=U96.SI& .tsrc=fin-srch
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naoshingo Elite	16-Oct-2020 11:22        naoshingo About Contact  Quote this Post!
x 0   x 1  Alert Admin	SCI defintely a GEM... Supporting Data Center and in china and renewable.... How sexy it ins' t is?? I wouldn' t want to waste time on explaining to ppl after this..... The only time to sell...is to watch for their upcoming performance....if still lost making and continue to write off impairment....then different story... ckmpd1      ( Date: 16-Oct-2020 11:13) Posted: I agree that sci is a gem. I do not doubt that SCI, at $1,43, is underpriced St.Maximus      ( Date: 16-Oct-2020 11:10) Posted: What are you agreeing with, ckmpd1? a) That SCI is definitely worth accumulating at $1.43 and that it will soar soon? or b) That SCI used to trade over $6... and about $5 most of the years? As for statement a), that is a view-point and I will not say anything else. As for statement b), that is a half-truth and a potentially very misleading statement because SCI did not trade about $5 most of the years (only at certain peaks) and traded above $6.00 for only a brief moment in Sep-Oct 2007.  See the price chart for yourself below: https://sg.finance.yahoo.com/quote/U96.SI?p=U96.SI& .tsrc=fin-srch
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ckmpd1 Supreme	16-Oct-2020 11:13        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree that sci is a gem. I do not doubt that SCI, at $1,43, is underpriced St.Maximus      ( Date: 16-Oct-2020 11:10) Posted: What are you agreeing with, ckmpd1? a) That SCI is definitely worth accumulating at $1.43 and that it will soar soon? or b) That SCI used to trade over $6... and about $5 most of the years? As for statement a), that is a view-point and I will not say anything else. As for statement b), that is a half-truth and a potentially very misleading statement because SCI did not trade about $5 most of the years (only at certain peaks) and traded above $6.00 for only a brief moment in Sep-Oct 2007.  See the price chart for yourself below: https://sg.finance.yahoo.com/quote/U96.SI?p=U96.SI& .tsrc=fin-srch   ckmpd1      ( Date: 16-Oct-2020 10:54) Posted: Agreee\ with you, danger.  SCI is definitely worth accumulating at $1.43.  It will likely soar soo
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St.Maximus Supreme	16-Oct-2020 11:10        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	What are you agreeing with, ckmpd1? a) That SCI is definitely worth accumulating at $1.43 and that it will soar soon? or b) That SCI used to trade over $6... and about $5 most of the years? As for statement a), that is a view-point and I will not say anything else. As for statement b), that is a half-truth and a potentially very misleading statement because SCI did not trade about $5 most of the years (only at certain peaks) and traded above $6.00 for only a brief moment in Sep-Oct 2007.  See the price chart for yourself below: https://sg.finance.yahoo.com/quote/U96.SI?p=U96.SI& .tsrc=fin-srch   ckmpd1      ( Date: 16-Oct-2020 10:54) Posted: Agreee\ with you, danger.  SCI is definitely worth accumulating at $1.43.  It will likely soar soon danger      ( Date: 16-Oct-2020 10:51) Posted: THIS GEM USED TO TRADE OVER $6 .... AND ABOUT $5 MOST OF THE YEARS !!
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St.Maximus Supreme	16-Oct-2020 10:57        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	SCI traded slightly over $6.00 for only a little while in 2007, before the Global Financial Crisis. Since then, it has never recovered to its record high. Instead, it has traded as high as $5.00 in 2014 but has since fallen below the five dollar mark and has never recovered yet.
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ckmpd1 Supreme	16-Oct-2020 10:54        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreee\ with you, danger.  SCI is definitely worth accumulating at $1.43.  It will likely soar soon danger      ( Date: 16-Oct-2020 10:51) Posted: THIS GEM USED TO TRADE OVER $6 .... AND ABOUT $5 MOST OF THE YEARS !!
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danger Supreme	16-Oct-2020 10:51        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	THIS GEM USED TO TRADE OVER $6 .... AND ABOUT $5 MOST OF THE YEARS !!
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