Back

Latest Forum Topics / Seatrium    Last:0.091 --

Post Reply

Sembmarine Post Reply Rate topic
spore1 Supreme	17-Nov-2014 21:03        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tmr may b see $3.30 . Good time to consider to long spore1      ( Date: 08-Nov-2014 18:30) Posted: Think $3.30+ will be good entry point for accumulation for long
Useful To Me  Not Useful To Me
ysh2006 Supreme	14-Nov-2014 20:46        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next week can get loh...TH sell more to buy HK --SSE stock..(I think only) spore1      ( Date: 08-Nov-2014 18:30) Posted: Think $3.30+ will be good entry point for accumulation for long
Useful To Me  Not Useful To Me
BreadPitt Member	14-Nov-2014 19:01        BreadPitt About Contact  Quote this Post!
x 0   x 0  Alert Admin	This site very quiet here since 8th Nov. Dont giveup ,maine supporters!
Useful To Me  Not Useful To Me
spore1 Supreme	08-Nov-2014 18:30        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think $3.30+ will be good entry point for accumulation for long
Useful To Me  Not Useful To Me
ysh2006 Supreme	07-Nov-2014 15:33        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sir did you buy at what price ? can tell reyesnowen      ( Date: 06-Nov-2014 09:49) Posted: drop more buy more.
Useful To Me  Not Useful To Me
ysh2006 Supreme	07-Nov-2014 15:03        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Price will tell whether it is true!...
Useful To Me  Not Useful To Me
Qanghoo Supreme	06-Nov-2014 09:54        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Among Ang Mohs also lots of hypocrites.  I, for one, wldn' t trust what they say.  So many Ang Moh  banks caught for currency rigging.  And I always assert that there are lots of stock price manipulation going on too.  Only that nothing has come to the fore (yet). I wld also want to be guarded against sensationalising of report and reviews.  A lot of times, information is deliberated slanted for reason/s best known to the writers and analysts. At least for Sembmarine, there is a clarification from the horses' mouth.  But what I take issue with is why didn' t the coy come out with it until someone asks.  Is this the way to engage investors and an example of transparency from a GLC? I shd also mention that the coy' s press release yesterday mentioned that there is high utilisation rate at it' s four drydocks in Tuas.  But whether it' s squeezing margins to procure work is a qn mark.   ozone2002      ( Date: 06-Nov-2014 09:37) Posted: Last:3.6     Vol:1797k     -0.08 dipped below 3.6 already.. dip in prices present a buying opportunity for value investors gd luck dyodd ozone2002      ( Date: 04-Nov-2014 09:27) Posted: Buy on dip gd luck dyodd, still gd value, 13x FY15 PE & 4% div yield Sembcorp Marine (SembMarine) secured a contract worth USD240m to build a Pacific Class 400 jack-up rig for Bank of Tokyo-Mitsubishi UFJ, with Japan Drilling Co (JDC) as the lessor and operator of the asset. Its YTD order wins are SGD4.2bn, on track to meet our target of SGD4.5bn. Valuations of 11-13x FY14-16F P/E on trough earnings appear attractive. Maintain BUY with SGD4.50TP based on SOP (a 24.3% upside).  Good order momentum. SembMarine secured a USD240m contract to build a Pacific Class 400 (PC400) jack-up rig, provisionally named Hakuryu 14, for BOT Lease Co., Ltd. (BOTL), a leasing company of Bank of Tokyo-Mitsubishi UFJ (8306 JP, NR). The rig is scheduled for delivery by Oct 2016 and will be leased and operated by JDC (1606 JP, NR).  High-specification jack-up rigs still in demand. Since the launch of the PC400 in 2010, 18 units have been ordered with nine units delivered and operating in various countries. This contract marks the second PC400 jack-up rig that SembMarine is building for BOTL. The first unit, Hakuryu 12, is nearing completion, with delivery scheduled in Jan 2015. These rigs are capable of operating in 400 feet of water and drilling highpressure, high-temperature wells to depths of 35,000 feet and come with accommodations for 150 persons.  Stronger contract wins YTD vs Keppel. SembMarine&rsquo s YTD order wins stand at SGD4.2bn, well on track to meet our SGD4.5bn target. We note that it has actually outpaced key rival Keppel (KEP SP, BUY, TP: SGD12.60), who has SGD4.0bn of order wins so far, whereas its share price has underperformed Keppel&rsquo s on a relative basis.  Time for (re-)entry. SembMarine has fallen 21% in the last 12 months due to potential delays over the delivery of its drillship to Brazil and recently on oil prices. Its shares are now trading at 6-8x EV/EBITDA and 11-13x P/E for FY14-16F, on what are basically trough earnings. Forecast dividend yields are now topping 4%. We believe most of the fears have been priced in and current valuations present an attractive entry point. Our SOP-valuation pegs shipyard earnings at a mid-cycle 16x for a SGD4.50TP, implying a 24.3% upside. Forecasts and Valuations Dec-12 Dec-13 Dec-14F Dec-15F Dec-16F Total turnover (SGDm) 4,430 5,526 6,148 6,801 6,766 Reported net profit (SGDm) 538 556 574 631 671 Recurring net profit (SGDm) 541 553 574 631 671 Recurring net profit growth (%) (28.3) 2.3 3.7 9.9 6.4 Recurring EPS (SGD) 0.26 0.27 0.27 0.30 0.32 DPS (SGD) 0.13 0.13 0.14 0.15 0.16 Recurring P/E (x) 14.0 13.7 13.2 12.0 11.3 P/B (x) 3.10 2.82 2.54 2.29 2.07 P/CF (x) 36.2 8.1 17.0 9.0 9.1 Dividend Yield (%) 3.6 3.6 3.9 4.1 4.4 EV/EBITDA (x) 7.48 7.14 7.65 6.74 6.00 Return on average equity (%) 22.2 21.7 20.3 20.1 19.3 Net debt to equity (%) net cash net cash net cash net cash net cash Our vs consensus EPS (adjusted) (%) (6.4) (5.1) 0.9 Source: Company data, OSK-DMG
Useful To Me  Not Useful To Me
reyesnowen Member	06-Nov-2014 09:49        reyesnowen About Contact  Quote this Post!
x 0   x 0  Alert Admin	drop more buy more.
Useful To Me  Not Useful To Me
alexcai Member	06-Nov-2014 09:39        alexcai About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Yes. I get what you mean. I' m looking at short term to buy and sell, earn something. My standing still the same, as long as the oil price is declining, the stock has risk. But when there is some positive news, I thought can act on it and earn some. ysh2006      ( Date: 06-Nov-2014 09:30) Posted: Not pouring cold water why listern to Japanese which they have interest in Sembmarine Jurong Ship (I think only) Price will tell , even the Ang Mo Citi also repored" sell" ... where got projects coming in 4Q ? oil price low, yard problems and newly Tuan yard maybe everyday " hit houseflies" ..(Can see from nearby flats)...& think only. alexcai      ( Date: 06-Nov-2014 09:20) Posted: It is good that they addressed the upstream article. Quite promising reply. Time to buy in some? let' s earn some
Useful To Me  Not Useful To Me
ozone2002 Supreme	06-Nov-2014 09:37        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Last:3.6     Vol:1797k     -0.08 dipped below 3.6 already.. dip in prices present a buying opportunity for value investors gd luck dyodd ozone2002      ( Date: 04-Nov-2014 09:27) Posted: Buy on dip gd luck dyodd, still gd value, 13x FY15 PE & 4% div yield Sembcorp Marine (SembMarine) secured a contract worth USD240m to build a Pacific Class 400 jack-up rig for Bank of Tokyo-Mitsubishi UFJ, with Japan Drilling Co (JDC) as the lessor and operator of the asset. Its YTD order wins are SGD4.2bn, on track to meet our target of SGD4.5bn. Valuations of 11-13x FY14-16F P/E on trough earnings appear attractive. Maintain BUY with SGD4.50TP based on SOP (a 24.3% upside).  Good order momentum. SembMarine secured a USD240m contract to build a Pacific Class 400 (PC400) jack-up rig, provisionally named Hakuryu 14, for BOT Lease Co., Ltd. (BOTL), a leasing company of Bank of Tokyo-Mitsubishi UFJ (8306 JP, NR). The rig is scheduled for delivery by Oct 2016 and will be leased and operated by JDC (1606 JP, NR).  High-specification jack-up rigs still in demand. Since the launch of the PC400 in 2010, 18 units have been ordered with nine units delivered and operating in various countries. This contract marks the second PC400 jack-up rig that SembMarine is building for BOTL. The first unit, Hakuryu 12, is nearing completion, with delivery scheduled in Jan 2015. These rigs are capable of operating in 400 feet of water and drilling highpressure, high-temperature wells to depths of 35,000 feet and come with accommodations for 150 persons.  Stronger contract wins YTD vs Keppel. SembMarine&rsquo s YTD order wins stand at SGD4.2bn, well on track to meet our SGD4.5bn target. We note that it has actually outpaced key rival Keppel (KEP SP, BUY, TP: SGD12.60), who has SGD4.0bn of order wins so far, whereas its share price has underperformed Keppel&rsquo s on a relative basis.  Time for (re-)entry. SembMarine has fallen 21% in the last 12 months due to potential delays over the delivery of its drillship to Brazil and recently on oil prices. Its shares are now trading at 6-8x EV/EBITDA and 11-13x P/E for FY14-16F, on what are basically trough earnings. Forecast dividend yields are now topping 4%. We believe most of the fears have been priced in and current valuations present an attractive entry point. Our SOP-valuation pegs shipyard earnings at a mid-cycle 16x for a SGD4.50TP, implying a 24.3% upside. Forecasts and Valuations Dec-12 Dec-13 Dec-14F Dec-15F Dec-16F Total turnover (SGDm) 4,430 5,526 6,148 6,801 6,766 Reported net profit (SGDm) 538 556 574 631 671 Recurring net profit (SGDm) 541 553 574 631 671 Recurring net profit growth (%) (28.3) 2.3 3.7 9.9 6.4 Recurring EPS (SGD) 0.26 0.27 0.27 0.30 0.32 DPS (SGD) 0.13 0.13 0.14 0.15 0.16 Recurring P/E (x) 14.0 13.7 13.2 12.0 11.3 P/B (x) 3.10 2.82 2.54 2.29 2.07 P/CF (x) 36.2 8.1 17.0 9.0 9.1 Dividend Yield (%) 3.6 3.6 3.9 4.1 4.4 EV/EBITDA (x) 7.48 7.14 7.65 6.74 6.00 Return on average equity (%) 22.2 21.7 20.3 20.1 19.3 Net debt to equity (%) net cash net cash net cash net cash net cash Our vs consensus EPS (adjusted) (%) (6.4) (5.1) 0.9 Source: Company data, OSK-DMG
Useful To Me  Not Useful To Me
ysh2006 Supreme	06-Nov-2014 09:30        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not pouring cold water why listern to Japanese which they have interest in Sembmarine Jurong Ship (I think only) Price will tell , even the Ang Mo Citi also repored" sell" ... where got projects coming in 4Q ? oil price low, yard problems and newly Tuan yard maybe everyday " hit houseflies" ..(Can see from nearby flats)...& think only. alexcai      ( Date: 06-Nov-2014 09:20) Posted: It is good that they addressed the upstream article. Quite promising reply. Time to buy in some? let' s earn some grhu8175      ( Date: 06-Nov-2014 09:06) Posted: Hi All Just to share on the update of the Upstream article-   Sembcorp Marine (SMM): Nomura spoke with management, who clarified on the market concerns on potential FPSO order cancellations by Petrobras, as per a recent Upstream industry article. Takeaways are: 1) Unlike that suggested in the article, there are no signs from Petrobras that the FPSO integration projects will be cancelled. The module fabrications are now ongoing at SMM&rsquo s Estaleiro Jurong Aracruz (EJA) yard in Brazil.  2) EJA has received the required environmental licenses, unlike the suggestion otherwise in the article, and is able to do the FPSO integration works the moment the delayed FPSO hulls are delivered to SMM. Separately, SMM&rsquo s newbuild drillship is about to arrive in EJA for final integration works. Nomura reaffirm its pair trade of Buy on Sembcorp Marine (TP $4.63) and Reduce on Keppel Corp (TP: $9.27). House expects SMM to ride on expected drillship orders recovery from 2Q15F.
Useful To Me  Not Useful To Me
alexcai Member	06-Nov-2014 09:20        alexcai About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	It is good that they addressed the upstream article. Quite promising reply. Time to buy in some? let' s earn some grhu8175      ( Date: 06-Nov-2014 09:06) Posted: Hi All Just to share on the update of the Upstream article-   Sembcorp Marine (SMM): Nomura spoke with management, who clarified on the market concerns on potential FPSO order cancellations by Petrobras, as per a recent Upstream industry article. Takeaways are: 1) Unlike that suggested in the article, there are no signs from Petrobras that the FPSO integration projects will be cancelled. The module fabrications are now ongoing at SMM&rsquo s Estaleiro Jurong Aracruz (EJA) yard in Brazil.  2) EJA has received the required environmental licenses, unlike the suggestion otherwise in the article, and is able to do the FPSO integration works the moment the delayed FPSO hulls are delivered to SMM. Separately, SMM&rsquo s newbuild drillship is about to arrive in EJA for final integration works. Nomura reaffirm its pair trade of Buy on Sembcorp Marine (TP $4.63) and Reduce on Keppel Corp (TP: $9.27). House expects SMM to ride on expected drillship orders recovery from 2Q15F. Qanghoo      ( Date: 05-Nov-2014 21:02) Posted: Today Sembmarine results press release didn' t seem to mention abt any issues published in the Upstream article.  So, is it accurate or coy not disclosing info?
Useful To Me  Not Useful To Me
grhu8175 Member	06-Nov-2014 09:06        grhu8175 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi All Just to share on the update of the Upstream article-   Sembcorp Marine (SMM): Nomura spoke with management, who clarified on the market concerns on potential FPSO order cancellations by Petrobras, as per a recent Upstream industry article. Takeaways are: 1) Unlike that suggested in the article, there are no signs from Petrobras that the FPSO integration projects will be cancelled. The module fabrications are now ongoing at SMM&rsquo s Estaleiro Jurong Aracruz (EJA) yard in Brazil.  2) EJA has received the required environmental licenses, unlike the suggestion otherwise in the article, and is able to do the FPSO integration works the moment the delayed FPSO hulls are delivered to SMM. Separately, SMM&rsquo s newbuild drillship is about to arrive in EJA for final integration works. Nomura reaffirm its pair trade of Buy on Sembcorp Marine (TP $4.63) and Reduce on Keppel Corp (TP: $9.27). House expects SMM to ride on expected drillship orders recovery from 2Q15F. Qanghoo      ( Date: 05-Nov-2014 21:02) Posted: Today Sembmarine results press release didn' t seem to mention abt any issues published in the Upstream article.  So, is it accurate or coy not disclosing info? alexcai      ( Date: 04-Nov-2014 17:14) Posted: " According to a recent article from Upstream, SembMarine' s yard in Brazil, Estaleiro Jurong Aracruz, may be on the verge of losing the modules construction and integration contracts for the P-68 and P-71 FPSOs. These contracts were secured in Aug-12 at a total value worth US$674m. The article highlighted that the project has failed to gain momentum and SembMarine is also facing delays with environmental permitting and problems on detailed engineering for the FPSO modules. Upstream indicated that the problems are so serious that Petrobras is considering cancelling the integration contract and moving the work elsewhere."   submarine spotted!!!
Useful To Me  Not Useful To Me
stockeers Member	06-Nov-2014 07:56        stockeers About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Trade everything moderately!"
x 0   x 0  Alert Admin	3Q 2014 NET PROFIT INCREASED 2% TO $132 MILLION 9M 2014 NET PROFIT GREW 3% TO $386 MILLION Key highlights:  Group revenue increased 14% year-on-year to $4.39 billion for 9M 2014.  Group gross profit grew 19% year-on-year to $569 million for 9M 2014.  Return on equity (ROE annualised) at creditable 19%.  The Group secured $4.2 billion in new contracts year to date, bringing net order book to $12.6 billion as at 5th November 2014.
Useful To Me  Not Useful To Me
Qanghoo Supreme	05-Nov-2014 21:02        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today Sembmarine results press release didn' t seem to mention abt any issues published in the Upstream article.  So, is it accurate or coy not disclosing info? alexcai      ( Date: 04-Nov-2014 17:14) Posted: " According to a recent article from Upstream, SembMarine' s yard in Brazil, Estaleiro Jurong Aracruz, may be on the verge of losing the modules construction and integration contracts for the P-68 and P-71 FPSOs. These contracts were secured in Aug-12 at a total value worth US$674m. The article highlighted that the project has failed to gain momentum and SembMarine is also facing delays with environmental permitting and problems on detailed engineering for the FPSO modules. Upstream indicated that the problems are so serious that Petrobras is considering cancelling the integration contract and moving the work elsewhere."   submarine spotted!!!
Useful To Me  Not Useful To Me
ysh2006 Supreme	05-Nov-2014 14:28        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why no body like to talk on this stock ?..maybe no interested.. victorcy2004      ( Date: 04-Nov-2014 23:45) Posted: Crude Oil drop to USD76, technically it just started another downward leg. Next target maybe 55-65.
Useful To Me  Not Useful To Me
victorcy2004 Member	04-Nov-2014 23:45        victorcy2004 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Crude Oil drop to USD76, technically it just started another downward leg. Next target maybe 55-65.
Useful To Me  Not Useful To Me
wangwa Senior	04-Nov-2014 23:11        wangwa About Contact  Quote this Post!
x 0   x 0  Alert Admin	Feel like the making of another Capital Mall Asia Saga. Nobody wants this now.
Useful To Me  Not Useful To Me
ysh2006 Supreme	04-Nov-2014 21:09        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Company if by tomorrow no news from them   mean it is true ?..let see how loh..
Useful To Me  Not Useful To Me
ysh2006 Supreme	04-Nov-2014 17:52        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	DB Bank is a reputable company don' t anyhow said one! " no wind no wave" lah... Many projects also not enough to pay lah I think only... Qanghoo      ( Date: 04-Nov-2014 17:22) Posted: In a place where everyone nods his/her head to transparency, I think the company ought to have come out already to clarify the article, unless everyone else is aware except them, which is unlikely. alexcai      ( Date: 04-Nov-2014 17:14) Posted: " According to a recent article from Upstream, SembMarine' s yard in Brazil, Estaleiro Jurong Aracruz, may be on the verge of losing the modules construction and integration contracts for the P-68 and P-71 FPSOs. These contracts were secured in Aug-12 at a total value worth US$674m. The article highlighted that the project has failed to gain momentum and SembMarine is also facing delays with environmental permitting and problems on detailed engineering for the FPSO modules. Upstream indicated that the problems are so serious that Petrobras is considering cancelling the integration contract and moving the work elsewhere."   submarine spotted!!!
Useful To Me  Not Useful To Me

                                                         First   < Newer   7981-8000 of 9522   Older>   Last