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Eagle88 Supreme	12-Jul-2023 09:46        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I remember my Guru told me that nothing is more than 50%, it is always 50/50. If always more than 50%, you and me wont be in sharejunction !!! Waterrat      ( Date: 12-Jul-2023 09:33) Posted: Guru mostlybullish      ( Date: 11-Jul-2023 17:48) Posted: Let us be real ... will not break 0.133 easily and probably not this week
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Waterrat Veteran	12-Jul-2023 09:33        Waterrat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Guru mostlybullish      ( Date: 11-Jul-2023 17:48) Posted: Let us be real ... will not break 0.133 easily and probably not this week
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vicloo Supreme	12-Jul-2023 09:32        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes hitting 0.134 nikky.cheng      ( Date: 12-Jul-2023 09:22) Posted: You can change nick already mostlybullish      ( Date: 11-Jul-2023 17:48) Posted: Let us be real ... will not break 0.133 easily and probably not this week
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nikky.cheng Member	12-Jul-2023 09:22        nikky.cheng About Contact  Quote this Post!
x 0   x 0  Alert Admin	You can change nick already mostlybullish      ( Date: 11-Jul-2023 17:48) Posted: Let us be real ... will not break 0.133 easily and probably not this week
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Goldfinger Supreme	12-Jul-2023 09:14        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	It just did.  I would not bet against Seatrium now that it is an STI component.  Funds that have previously avoided due to mandates that disallow penny stocks may now have to consider. mostlybullish      ( Date: 11-Jul-2023 17:48) Posted: Let us be real ... will not break 0.133 easily and probably not this week
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Eagle88 Supreme	12-Jul-2023 09:11        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dare to short ? mostlybullish      ( Date: 11-Jul-2023 17:48) Posted: Let us be real ... will not break 0.133 easily and probably not this week
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rledchg11 Member	11-Jul-2023 22:57        rledchg11 About Contact  Quote this Post!
x 0   x 0  Alert Admin	have faith!!! now part of STI.... got status!!  henrymilton      ( Date: 11-Jul-2023 21:42) Posted: don be surprised, it did b4 mostlybullish      ( Date: 11-Jul-2023 17:48) Posted: Let us be real ... will not break 0.133 easily and probably not this week
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henrymilton Master	11-Jul-2023 21:42        henrymilton About Contact  Quote this Post!
x 0   x 0  Alert Admin	don be surprised, it did b4 mostlybullish      ( Date: 11-Jul-2023 17:48) Posted: Let us be real ... will not break 0.133 easily and probably not this week
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dontbetray Master	11-Jul-2023 21:28        dontbetray About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes honesty is hard to find. Thanks for the sharing  mostlybullish      ( Date: 11-Jul-2023 17:48) Posted: Let us be real ... will not break 0.133 easily and probably not this week
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Wind888 Senior	11-Jul-2023 19:12        Wind888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the info👍 n3wbie      ( Date: 11-Jul-2023 14:17) Posted: The note came on the back of the positive note by Upstream on P84/85. Key summary as below for reference: Favourable FPSO bidding landscape ■ We think tight global yard capacities have shrunk the number of bidders for the upcoming Petrobras FPSO P84/P85 tenders (c.US$3bn each). ■ Having won 80% of the FPSO contracts awarded since 2021, STM has a good chance of winning the bid for at least one unit, in our view. ■ We keep FY23F win target at S$7.6bn but raise FY24F order win to S$7bn (previously S$4bn), factoring the above. YTD order win stands at c.S$5.8bn. ■ STM is releasing its 1H23F results on 28 Jul. We will watch out for revenue potential as a combined yard, especially in ship repair, together with KOM. Market leader for Petrobras&rsquo FPSOs If Petrobras does not amend the bidding rule for the P84/P85 floating production storage offloading (FPSO) tenders, i.e. no single yard to be awarded both contracts, we expect Seatrium (STM) to win the bid for at least one of the units by early-2024F for a 2028 delivery. As a combined unit of STM, it has won four of the five (80% market share) FPSO contracts awarded by Petrobras since 2021 (Fig 1), with the last two units secured in 2022 at US$2.8bn-3.05bn each. With the P84/P85 floaters having similar oil production capacity of 225k bbl/d of oil and gas as P82/P83, we estimate their contract values to be worth more than US$3bn each. Tight yard capacity keeping competitors away We understand from channel checks that STM&rsquo s conventional competitors, i.e. Korean Hanwa Oceana and Hyundai Heavy Industries (HHI), are giving the full EPC tenders a miss, potentially due to their tight yard capacity and better margins from shipbuilding (c. 20% OPM for LNG carriers vs. our estimated low- to mid-teen OPMs for the FPSOs). Italian Saipem (which won the P79 contract in 2021) is also not tendering for the P84/P85 contracts, according to Upstream news. What to look out for in the upcoming results announcement We estimate STM posting 1H23F revenue of c.S$2.4bn, EBITDA of S$120m, gross profit of c.S$48m and net loss of c.S$45m. We focus on the upside potential to our revenue forecasts as a combined yard, especially in ship repair, together with Keppel Offshore & Marine (KOM)&rsquo s capacity (previously undisclosed). We think STM&rsquo s disclosure of its order book and revenue breakdown by segment could be a catalyst. Note that KOM&rsquo s revenue for the two months ending Feb 23 was S$610m (1Q22: S$503m), indicating a strong recovery in yard utilisation. We believe there could also be provisions to be made for legacy projects. In FY22, KOM incurred cost overruns in its US yard due to shortage of manpower and supply chain disruptions. Keppel AmFELS is due to deliver a Wind Turbine Installation Vessel (WTIV) by end-2023F for Dominion Energy. Reiterate Add and TP of S$0.19, still based on 1.5x CY23F P/BV (average trading range from Jan 15 to May 23). Re-rating catalysts: settlement of Brazilian proceedings, stronger-than-expected order wins, newbuild rig orders. Downside risks: cost overrun in projects delaying turnaround in profits. tutuboi      ( Date: 11-Jul-2023 11:35) Posted: CGS-CIMB's Lim Siew Khee has maintained her bullish "add" call and 19 cents target price for Seatrium ahead of its 1HFY2023 earnings report on July 28.
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mostlybullish Member	11-Jul-2023 17:48        mostlybullish About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let us be real ... will not break 0.133 easily and probably not this week
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tbooncho888 Senior	11-Jul-2023 17:42        tbooncho888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Its 25% weekly is around 0.205, and its 200 wk ma is around 0.285...those will be the key target zones to watch and take some profit...for long term holders of cos..
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Eagle88 Supreme	11-Jul-2023 17:10        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not many companies left around after the oil crisis and covid-19, so only the strong ones around including Seatrium with support from TH and SH. So Seatrium will be one of the Champions !!! Eagle88      ( Date: 11-Jul-2023 14:33) Posted: n3wbie      ( Date: 11-Jul-2023 14:17) Posted: The note came on the back of the positive note by Upstream on P84/85. Key summary as below for reference: Favourable FPSO bidding landscape ■ We think tight global yard capacities have shrunk the number of bidders for the upcoming Petrobras FPSO P84/P85 tenders (c.US$3bn each). ■ Having won 80% of the FPSO contracts awarded since 2021, STM has a good chance of winning the bid for at least one unit, in our view. ■ We keep FY23F win target at S$7.6bn but raise FY24F order win to S$7bn (previously S$4bn), factoring the above. YTD order win stands at c.S$5.8bn. ■ STM is releasing its 1H23F results on 28 Jul. We will watch out for revenue potential as a combined yard, especially in ship repair, together with KOM. Market leader for Petrobras&rsquo FPSOs If Petrobras does not amend the bidding rule for the P84/P85 floating production storage offloading (FPSO) tenders, i.e. no single yard to be awarded both contracts, we expect Seatrium (STM) to win the bid for at least one of the units by early-2024F for a 2028 delivery. As a combined unit of STM, it has won four of the five (80% market share) FPSO contracts awarded by Petrobras since 2021 (Fig 1), with the last two units secured in 2022 at US$2.8bn-3.05bn each. With the P84/P85 floaters having similar oil production capacity of 225k bbl/d of oil and gas as P82/P83, we estimate their contract values to be worth more than US$3bn each. Tight yard capacity keeping competitors away We understand from channel checks that STM&rsquo s conventional competitors, i.e. Korean Hanwa Oceana and Hyundai Heavy Industries (HHI), are giving the full EPC tenders a miss, potentially due to their tight yard capacity and better margins from shipbuilding (c. 20% OPM for LNG carriers vs. our estimated low- to mid-teen OPMs for the FPSOs). Italian Saipem (which won the P79 contract in 2021) is also not tendering for the P84/P85 contracts, according to Upstream news. What to look out for in the upcoming results announcement We estimate STM posting 1H23F revenue of c.S$2.4bn, EBITDA of S$120m, gross profit of c.S$48m and net loss of c.S$45m. We focus on the upside potential to our revenue forecasts as a combined yard, especially in ship repair, together with Keppel Offshore & Marine (KOM)&rsquo s capacity (previously undisclosed). We think STM&rsquo s disclosure of its order book and revenue breakdown by segment could be a catalyst. Note that KOM&rsquo s revenue for the two months ending Feb 23 was S$610m (1Q22: S$503m), indicating a strong recovery in yard utilisation. We believe there could also be provisions to be made for legacy projects. In FY22, KOM incurred cost overruns in its US yard due to shortage of manpower and supply chain disruptions. Keppel AmFELS is due to deliver a Wind Turbine Installation Vessel (WTIV) by end-2023F for Dominion Energy. Reiterate Add and TP of S$0.19, still based on 1.5x CY23F P/BV (average trading range from Jan 15 to May 23). Re-rating catalysts: settlement of Brazilian proceedings, stronger-than-expected order wins, newbuild rig orders. Downside risks: cost overrun in projects delaying turnaround in profits
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Eagle88 Supreme	11-Jul-2023 17:05        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	IF DONT HIT TP OF $0.19, IT WILL HIT $0.16, JUST TAKING 50% UPSIDE !!!
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ahbui8 Master	11-Jul-2023 16:17        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	All the free and Keppel 1.8B shares will be fully digested by this week. Below 0.13 should be history. If 1st H result very positive, will rally to new high price above 0.151. Currently HHI market cap already around 12.4B and seatrium only around 73% of HHI market cap, really too cheap!!!
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Eagle88 Supreme	11-Jul-2023 14:33        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	n3wbie      ( Date: 11-Jul-2023 14:17) Posted: The note came on the back of the positive note by Upstream on P84/85. Key summary as below for reference: Favourable FPSO bidding landscape ■ We think tight global yard capacities have shrunk the number of bidders for the upcoming Petrobras FPSO P84/P85 tenders (c.US$3bn each). ■ Having won 80% of the FPSO contracts awarded since 2021, STM has a good chance of winning the bid for at least one unit, in our view. ■ We keep FY23F win target at S$7.6bn but raise FY24F order win to S$7bn (previously S$4bn), factoring the above. YTD order win stands at c.S$5.8bn. ■ STM is releasing its 1H23F results on 28 Jul. We will watch out for revenue potential as a combined yard, especially in ship repair, together with KOM. Market leader for Petrobras&rsquo FPSOs If Petrobras does not amend the bidding rule for the P84/P85 floating production storage offloading (FPSO) tenders, i.e. no single yard to be awarded both contracts, we expect Seatrium (STM) to win the bid for at least one of the units by early-2024F for a 2028 delivery. As a combined unit of STM, it has won four of the five (80% market share) FPSO contracts awarded by Petrobras since 2021 (Fig 1), with the last two units secured in 2022 at US$2.8bn-3.05bn each. With the P84/P85 floaters having similar oil production capacity of 225k bbl/d of oil and gas as P82/P83, we estimate their contract values to be worth more than US$3bn each. Tight yard capacity keeping competitors away We understand from channel checks that STM&rsquo s conventional competitors, i.e. Korean Hanwa Oceana and Hyundai Heavy Industries (HHI), are giving the full EPC tenders a miss, potentially due to their tight yard capacity and better margins from shipbuilding (c. 20% OPM for LNG carriers vs. our estimated low- to mid-teen OPMs for the FPSOs). Italian Saipem (which won the P79 contract in 2021) is also not tendering for the P84/P85 contracts, according to Upstream news. What to look out for in the upcoming results announcement We estimate STM posting 1H23F revenue of c.S$2.4bn, EBITDA of S$120m, gross profit of c.S$48m and net loss of c.S$45m. We focus on the upside potential to our revenue forecasts as a combined yard, especially in ship repair, together with Keppel Offshore & Marine (KOM)&rsquo s capacity (previously undisclosed). We think STM&rsquo s disclosure of its order book and revenue breakdown by segment could be a catalyst. Note that KOM&rsquo s revenue for the two months ending Feb 23 was S$610m (1Q22: S$503m), indicating a strong recovery in yard utilisation. We believe there could also be provisions to be made for legacy projects. In FY22, KOM incurred cost overruns in its US yard due to shortage of manpower and supply chain disruptions. Keppel AmFELS is due to deliver a Wind Turbine Installation Vessel (WTIV) by end-2023F for Dominion Energy. Reiterate Add and TP of S$0.19, still based on 1.5x CY23F P/BV (average trading range from Jan 15 to May 23). Re-rating catalysts: settlement of Brazilian proceedings, stronger-than-expected order wins, newbuild rig orders. Downside risks: cost overrun in projects delaying turnaround in profits. tutuboi      ( Date: 11-Jul-2023 11:35) Posted: CGS-CIMB's Lim Siew Khee has maintained her bullish "add" call and 19 cents target price for Seatrium ahead of its 1HFY2023 earnings report on July 28.
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n3wbie Elite	11-Jul-2023 14:17        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	The note came on the back of the positive note by Upstream on P84/85. Key summary as below for reference: Favourable FPSO bidding landscape ■ We think tight global yard capacities have shrunk the number of bidders for the upcoming Petrobras FPSO P84/P85 tenders (c.US$3bn each). ■ Having won 80% of the FPSO contracts awarded since 2021, STM has a good chance of winning the bid for at least one unit, in our view. ■ We keep FY23F win target at S$7.6bn but raise FY24F order win to S$7bn (previously S$4bn), factoring the above. YTD order win stands at c.S$5.8bn. ■ STM is releasing its 1H23F results on 28 Jul. We will watch out for revenue potential as a combined yard, especially in ship repair, together with KOM. Market leader for Petrobras&rsquo FPSOs If Petrobras does not amend the bidding rule for the P84/P85 floating production storage offloading (FPSO) tenders, i.e. no single yard to be awarded both contracts, we expect Seatrium (STM) to win the bid for at least one of the units by early-2024F for a 2028 delivery. As a combined unit of STM, it has won four of the five (80% market share) FPSO contracts awarded by Petrobras since 2021 (Fig 1), with the last two units secured in 2022 at US$2.8bn-3.05bn each. With the P84/P85 floaters having similar oil production capacity of 225k bbl/d of oil and gas as P82/P83, we estimate their contract values to be worth more than US$3bn each. Tight yard capacity keeping competitors away We understand from channel checks that STM&rsquo s conventional competitors, i.e. Korean Hanwa Oceana and Hyundai Heavy Industries (HHI), are giving the full EPC tenders a miss, potentially due to their tight yard capacity and better margins from shipbuilding (c. 20% OPM for LNG carriers vs. our estimated low- to mid-teen OPMs for the FPSOs). Italian Saipem (which won the P79 contract in 2021) is also not tendering for the P84/P85 contracts, according to Upstream news. What to look out for in the upcoming results announcement We estimate STM posting 1H23F revenue of c.S$2.4bn, EBITDA of S$120m, gross profit of c.S$48m and net loss of c.S$45m. We focus on the upside potential to our revenue forecasts as a combined yard, especially in ship repair, together with Keppel Offshore & Marine (KOM)&rsquo s capacity (previously undisclosed). We think STM&rsquo s disclosure of its order book and revenue breakdown by segment could be a catalyst. Note that KOM&rsquo s revenue for the two months ending Feb 23 was S$610m (1Q22: S$503m), indicating a strong recovery in yard utilisation. We believe there could also be provisions to be made for legacy projects. In FY22, KOM incurred cost overruns in its US yard due to shortage of manpower and supply chain disruptions. Keppel AmFELS is due to deliver a Wind Turbine Installation Vessel (WTIV) by end-2023F for Dominion Energy. Reiterate Add and TP of S$0.19, still based on 1.5x CY23F P/BV (average trading range from Jan 15 to May 23). Re-rating catalysts: settlement of Brazilian proceedings, stronger-than-expected order wins, newbuild rig orders. Downside risks: cost overrun in projects delaying turnaround in profits. tutuboi      ( Date: 11-Jul-2023 11:35) Posted: CGS-CIMB's Lim Siew Khee has maintained her bullish "add" call and 19 cents target price for Seatrium ahead of its 1HFY2023 earnings report on July 28.
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wehuattogether88 Supreme	11-Jul-2023 14:00        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	100000 lots tree at 0.132 for Seatrium, I think BBs can clear and chop off this big tree at a leisurely phase.
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Eagle88 Supreme	11-Jul-2023 13:24        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	n3wbie      ( Date: 11-Jul-2023 12:05) Posted: One positive observation is also that they are not one of those companies who are choosing to leave their earnings release till the last two days of reporting season (14-15 Aug) but have it out early. Regardless good or bad, this demonstrates good governance and accounting practices that are in order to allow them to be in a position to announce results early.
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eugesun Elite	11-Jul-2023 13:18        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	They are strong....be patient.... n3wbie      ( Date: 11-Jul-2023 12:05) Posted: One positive observation is also that they are not one of those companies who are choosing to leave their earnings release till the last two days of reporting season (14-15 Aug) but have it out early. Regardless good or bad, this demonstrates good governance and accounting practices that are in order to allow them to be in a position to announce results early.
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