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newbie19 Supreme	08-Dec-2020 19:38        newbie19 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	That's very encouraging 👏 tangsookiam1947      ( Date: 08-Dec-2020 19:06) Posted: UOB Kay Hian Regional utilities peers trade at higher P/B multiples. We highlight that gas & thermal utilities peers in the region trade at a P/B of 1.0-2.3x, renewables peers trade at 1.3-4.7x P/B while water & waste treatment peers trade at 1.8-2.4x P/B. Unfortunately, the company does not disclose the book value of its various business segments in this manner and thus we are not able to undertake a comparable-company valuation. Nevertheless, with SCI trading at 2021 P/B of 0.5x, we are confident that the valuation gap to its peers will close in the next 6- 12 months.  Meaningful upside in the medium to long term, based on earnings multiples. Looking at SCI&rsquo s utilities comparables in the region, there appears to be meaningful valuation upside in excess of S$3.70 (excluding a holding company discount) if we were to use comparable PE multiples for its three business segments moron101      ( Date: 08-Dec-2020 17:27) Posted: Tp 2.02 coming soon.
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Tryla888 Member	08-Dec-2020 19:38        Tryla888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nice la.. 3.70, I wiilll not resist to take at 2.50 tangsookiam1947      ( Date: 08-Dec-2020 19:06) Posted: UOB Kay Hian Regional utilities peers trade at higher P/B multiples. We highlight that gas & thermal utilities peers in the region trade at a P/B of 1.0-2.3x, renewables peers trade at 1.3-4.7x P/B while water & waste treatment peers trade at 1.8-2.4x P/B. Unfortunately, the company does not disclose the book value of its various business segments in this manner and thus we are not able to undertake a comparable-company valuation. Nevertheless, with SCI trading at 2021 P/B of 0.5x, we are confident that the valuation gap to its peers will close in the next 6- 12 months.  Meaningful upside in the medium to long term, based on earnings multiples. Looking at SCI&rsquo s utilities comparables in the region, there appears to be meaningful valuation upside in excess of S$3.70 (excluding a holding company discount) if we were to use comparable PE multiples for its three business segments moron101      ( Date: 08-Dec-2020 17:27) Posted: Tp 2.02 coming soon.
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tangsookiam1947 Master	08-Dec-2020 19:06        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	UOB Kay Hian Regional utilities peers trade at higher P/B multiples. We highlight that gas & thermal utilities peers in the region trade at a P/B of 1.0-2.3x, renewables peers trade at 1.3-4.7x P/B while water & waste treatment peers trade at 1.8-2.4x P/B. Unfortunately, the company does not disclose the book value of its various business segments in this manner and thus we are not able to undertake a comparable-company valuation. Nevertheless, with SCI trading at 2021 P/B of 0.5x, we are confident that the valuation gap to its peers will close in the next 6- 12 months.  Meaningful upside in the medium to long term, based on earnings multiples. Looking at SCI&rsquo s utilities comparables in the region, there appears to be meaningful valuation upside in excess of S$3.70 (excluding a holding company discount) if we were to use comparable PE multiples for its three business segments moron101      ( Date: 08-Dec-2020 17:27) Posted: Tp 2.02 coming soon.
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jacky80 Senior	08-Dec-2020 17:50        jacky80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not so soon, today outflow is terrible.. Maybe next few days will back to green.. moron101      ( Date: 08-Dec-2020 17:27) Posted: Tp 2.02 coming soon.
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moron101 Supreme	08-Dec-2020 17:27        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tp 2.02 coming soon.
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XiaoFeiXia Senior	08-Dec-2020 16:16        XiaoFeiXia About Contact  Quote this Post!
x 0   x 0  Alert Admin	Making in progress..... Hopefully more to come :) bystander1965      ( Date: 08-Dec-2020 09:54) Posted: Good. You should shirt now. There's 17¢ for u to make. XiaoFeiXia      ( Date: 08-Dec-2020 09:48) Posted: OTW....TO 1.60 :)
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tangsookiam1947 Master	08-Dec-2020 10:26        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Temasek Holding will ensure that SCI will take off very soon....  Indian IPO will be key catalyst!  Company is not so stupid to do share buyback at $1.6X for so limited gains!!!
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Waterrat Veteran	08-Dec-2020 10:08        Waterrat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed , worth holding  Checkerman      ( Date: 08-Dec-2020 09:56) Posted: my remiser ask me to hold on good things are on the way for SCI tangsookiam1947      ( Date: 08-Dec-2020 09:30) Posted: Indian IPO should be coming very soon
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wehuattogether88 Supreme	08-Dec-2020 10:07        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully fight back to above 1.80.
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Checkerman Master	08-Dec-2020 10:06        Checkerman About Contact  Quote this Post!
x 0   x 0  Alert Admin	unless there is another wave of c19 bystander1965      ( Date: 08-Dec-2020 09:58) Posted: So no more 1.5 coming? Checkerman      ( Date: 08-Dec-2020 09:56) Posted: my remiser ask me to hold on good things are on the way for SC
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bystander1965 Supreme	08-Dec-2020 09:58        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	So no more 1.5 coming? Checkerman      ( Date: 08-Dec-2020 09:56) Posted: my remiser ask me to hold on good things are on the way for SCI tangsookiam1947      ( Date: 08-Dec-2020 09:30) Posted: Indian IPO should be coming very soon
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bystander1965 Supreme	08-Dec-2020 09:57        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	The price behaviour is as expected. Let's see ... It has gone into the doldrum for the time being.
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Checkerman Master	08-Dec-2020 09:56        Checkerman About Contact  Quote this Post!
x 0   x 0  Alert Admin	my remiser ask me to hold on good things are on the way for SCI tangsookiam1947      ( Date: 08-Dec-2020 09:30) Posted: Indian IPO should be coming very soon
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bystander1965 Supreme	08-Dec-2020 09:54        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Good. You should shirt now. There's 17¢ for u to make. XiaoFeiXia      ( Date: 08-Dec-2020 09:48) Posted: OTW....TO 1.60 :)
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XiaoFeiXia Senior	08-Dec-2020 09:48        XiaoFeiXia About Contact  Quote this Post!
x 0   x 0  Alert Admin	OTW....TO 1.60 :)
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weekaykee Master	08-Dec-2020 09:41        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	In 4 weeks time, you may regret having sold SCI for $1.88 paueng      ( Date: 07-Dec-2020 19:28) Posted: 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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tangsookiam1947 Master	08-Dec-2020 09:30        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Indian IPO should be coming very soon
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ADS2200 Veteran	08-Dec-2020 08:57        ADS2200 About Contact  Quote this Post!
x 0   x 0  Alert Admin	due for a correction.
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Checkerman Master	08-Dec-2020 08:55        Checkerman About Contact  Quote this Post!
x 0   x 0  Alert Admin	today may fall below 1.75 naoshingo      ( Date: 07-Dec-2020 21:35) Posted: Ya..also cash flow is positive. That' s most important.  bystander1965      ( Date: 07-Dec-2020 21:11) Posted: 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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naoshingo Elite	07-Dec-2020 21:35        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya..also cash flow is positive. That' s most important.  bystander1965      ( Date: 07-Dec-2020 21:11) Posted: 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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