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SembCorp Industries
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bystander1965
Supreme |
07-Dec-2020 21:15
Yells: "What I say is just my assessment. DYODD" |
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Nop. SCI only has 0.8% weightage on STI. Jardines, ST and banks are the ones they will push down if they want STI down. (about 45% total weightage)
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bystander1965
Supreme |
07-Dec-2020 21:11
Yells: "What I say is just my assessment. DYODD" |
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There' s nothing new in the 1.118B impairment due to SMM. That' s just an accounting number so that the NAV of SCI remains as 2982M or 1.67/share as stated in the July document on pro forma financial effect. So in effect SCI NAV remains as 1.67/share. That 89M impairment does have an effect. Based on 2982M - 89M, the NAV would have come down to 1.62, a loss of 5cents. But don' t forget SCI repeated stated that they expect to have positive cash flow in 2H. So in theory that 2982M should increase. Anyway, I don' t see a huge impact. But I expect a lot of fear mongering to come in. For me, I will observe a few more days and see what the market wants to do with this news. DYODD. |
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Blackwolf
Member |
07-Dec-2020 21:09
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Sembcorp manage to stay in STI means? To retails is bluechip. To institutional - when need push down sti, first in list to sell! |
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gaosang
Member |
07-Dec-2020 20:21
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jin jialat mens | ||
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des_khor
Supreme |
07-Dec-2020 19:53
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Still give chance to escape ... | ||
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Checkerman
Master |
07-Dec-2020 19:50
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$1.50 insight
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paueng
Member |
07-Dec-2020 19:28
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sold all my sembcorp @1.88 last week made a handsome profit bought at below 1.10 before september after selling off free sembmarine shares on the 1st day of demerger at 17 cents. Sembcorp is overrun up 80% since 11/9 in about 3 months. now with profit warning and impairment loss of $89 millions and non cash impairment of $1.1 billion due to sembmarine (the company used $1.5 billions to offset loan to sembmarine). at current price the valuation is too expensive with uncertainty. wait to see it drop to 1.65 when the company bought in shares and stop after that. good luck to those who are still long. |
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freeme
Elite |
07-Dec-2020 18:38
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This surely dumpen the bull rally momentum slightly.. Any dip will be the best opportunity to get in for those whom have exited.. |
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arctician1982
Senior |
07-Dec-2020 17:54
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the results did really surprise me on downside, expected it to be much better with demerger. Think short term downside pressure going be strong | ||
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XiaoFeiXia
Senior |
07-Dec-2020 17:32
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05-11-2020 $1.68 13-11-2020 $1.69 16-11-2020 $1.70 20-11-2020 $1.72 23-11-2020 $1.73 24-11-2020 $1.81 26-11-2020 $1.84 03-12-2020 $1.86 07-12-2020. $1.79 (oh) | ||
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XiaoFeiXia
Senior |
07-Dec-2020 17:27
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As expected.... Don't get carry away. Where got share keep going up one. | ||
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ADS2200
Veteran |
07-Dec-2020 17:14
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boh koh leng keep going up. sold off before the news. shall wait and see really happy with sci. 😀
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Starship
Supreme |
07-Dec-2020 15:38
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Sembcorp expects fiscal 2020 loss after recording S$89m in impairments MON, DEC 07, 2020 - 9:05 AM SEMBCORP Industries expects to incur a loss for the full year ending Dec 31, 2020, as a result of S$89 million in impairments, net of tax, recorded in the second half of 2020. However, the industrial conglomerate expects to maintain positive operating cash flow in 2020, underpinned by the underlying profitable performance of its energy and urban businesses, it said in a profit guidance on Monday. The impairments come amid the unprecedented impact of Covid-19 on the global economic outlook and challenging market environment, Sembcorp Industries said. It will record an impairment of about S$60 million for its UK Power Reserve assets resulting from a revised strategy for the business. The business will now focus on driving value from its existing portfolio, primarily in the grid services market. The group will also record a S$21 million impairment for utilities assets on Jurong Island comprising a wastewater treatment plant and woodchip boiler facility. It expects sales volumes to be " adversely affected" by the exit of a major customer from its Singapore manufacturing site operations on Jurong Island by the end of this year. Sembcorp Industries will see an impairment of S$8 million for a dedicated wastewater treatment plant in Nanjing, China, after the termination of a service agreement as the customer stopped production at its facilities. Following the completion of the distribution in specie of ordinary shares in Sembcorp Marine' s (Sembmarine) capital, Sembcorp Industries recorded a non-cash, non-recurring loss of about S$1.12 billion. This resulted from the some S$1.6 billion fair value of the distribution in specie as at Sept 11 being lower than the some S$2.72 billion carrying amount of Sembmarine as at June 30. Sembcorp Industries said the loss will be adjusted based on the carrying value of Sembmarine shares up to Sept 11. The group said it monitors developments in its businesses and that it continues to review and assess the carrying value of its assets as it finalises its fiscal 2020 accounts. It will release its unaudited consolidated financial results for H2 2020 and FY2020 on Feb 23, 2021. https://www.businesstimes.com.sg/companies-markets/sembcorp-expects-fiscal-2020-loss-after-recording-s89m-in-impairments |
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naoshingo
Elite |
07-Dec-2020 09:29
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Ok lah...price hold well... | ||
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ysh2006
Supreme |
07-Dec-2020 09:00
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Anyway price has run up alot time to take profit....positive or negative still got 3 months away....after CNY. | ||
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FATABA
Supreme |
07-Dec-2020 08:48
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Total impairment is $89M ...which is manageable honestly . Further " " Group expects to maintain positive operating cash flow in 2020 underpinned by the underlying profitable performance of its Energy and Urban businesses. " " DYODD As announced on September 11, 2020, following the completion of the distribution in specie of ordinary shares in the capital of Sembcorp Marine, the Group recorded a non-cash, nonrecurring loss of approximately S$1,118 million. This resulted from the fair value of the distribution in specie as at September 11, 2020 of S$1,597 million being lower than the carrying amount of Sembcorp Marine of S$2,715 million as at June 30, 2020. The loss will be adjusted based on the carrying value of Sembcorp Marine shares up to September 11, 2020. Given the unprecedented impact of COVID-19 on the global economic outlook and the challenging market environment, the Group is announcing today that there will be impairments of approximately S$89 million in its 2H2020 financial statements arising from its periodic assessment of the recoverable amounts based on expected future cash flows of its assets. The impairment (net of tax) of approximately S$89 million in 2H2020 comprises the following: &bull S$21 million impairment for utilities assets on Jurong Island, Singapore A S$21 million impairment will be made for utilities assets comprising a wastewater treatment plant and a woodchip boiler facility in Singapore. Sales volumes are expected to be adversely affected by the decision of a major customer to exit its Singapore manufacturing site operations on Jurong Island by the end of 2020. 2 &bull S$8 million impairment for a dedicated wastewater treatment plant in Nanjing, China The service agreement of a dedicated wastewater treatment plant in Nanjing, China was terminated as the customer stopped production at its facilities. &bull S$60 million impairment of UK Power Reserve (UKPR) assets An impairment of approximately S$60 million will be made for the UKPR assets resulting from a revised strategy for the business. The focus for the business is now on driving value from its existing portfolio, primarily in the grid services market. Current plans no longer include the provision of a platform for third parties to hedge or trade their positions. As a result of these exceptional items, the Group expects to incur losses for the full year. However, the Group expects to maintain positive operating cash flow in 2020 underpinned by the underlying profitable performance of its Energy and Urban businesses. The Group&rsquo s unaudited consolidated financial results for 2H2020 and FY2020 will be released on February 23, 2021. The Group monitors developments in its businesses. The Group continues to review and assess the carrying value of its assets as it finalises its FY2020 accounts. In the meantime, shareholders and investors are advised to exercise caution when dealing in the shares of the Company. In the event of any doubt, they should consult their stockbrokers, bankers, solicitors, accountants or other professional advisors. |
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FATABA
Supreme |
07-Dec-2020 08:23
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These are all one time items due to the C19 . Its result is stated POSITIVE for 2021 if not wrong . Dyodd
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rlong8288
Master |
07-Dec-2020 08:00
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As a result of these exceptional items, the Group expects to incur losses for the full year. However, the Group expects to maintain positive operating cash flow in 2020 underpinned by the underlying profitable performance of its Energy and Urban businesses. The Group&rsquo s unaudited consolidated financial results for 2H2020 and FY2020 will be released on February 23, 2021. The Group monitors developments in its businesses. The Group continues to review and assess |
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Mikasan
Member |
07-Dec-2020 00:06
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Go Sembcorp go! | ||
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Checkerman
Master |
06-Dec-2020 21:03
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Should see $1.90 in the coming week .
Target price for year end closing $1.90-1.95
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