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ozone2002 Supreme	07-May-2015 14:49        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Another analyst report..believe at ur own risk.....DYODD SembMarine&rsquo s 1Q15 PATMI at SGD106m only met 18.5% of our earnings estimates, mainly attributed to lower average revenue per vessel repair. Maintain NEUTRAL with SGD2.90 TP (1.7% downside). Operating margins were lower at 10.6% in 1Q15 from 16.1% in 4Q14, which were boosted by &ldquo operational efficiencies&rdquo that now appear unsustainable. Delivery risks and sustained payment delays from Sete Brasil continue to exert pressure on the stock.  Operating margin back to 10.6%. Sembcorp Marine&rsquo s (SembMarine) operating margin was at 10.6% in 1Q15, comparable to 11.1% in 1Q14, which we believe to be more sustainable going forward. Management attributed the high 16.1% margin in 4Q14 to &ldquo operational efficiencies&rdquo , which appear to have been less than enduring.  Potential drillship delivery delays to Sete Brasil. Management noted that &ldquo Brazil&rsquo s oil and gas (O& G) industry continues to be mired in uncertainty.&rdquo While we believe that Sete Brasil will be able to overcome its funding issues eventually, there are visible near-term issues. The first drillship appears at some risk of a delivery delay, and payments from Sete Brasil are currently under a 90-day moratorium. These issues have been well-flagged in recent weeks, but continue to exert pressure on the stock, notwithstanding an improving oil market.  YTD order wins at only SGD56m. SembMarine secured a floating storage and offloading conversion contract worth SGD56m from Teekay, to be completed in May 2016. Compared with Keppel Corp (KEP SP, BUY, TP: SGD10.90) SGD500m of order wins YTD, SembMarine&rsquo s order wins have lagged, though it could play catch-up if the letter of intent for the Heerama crane vessel becomes a firm contract.  Maintain NEUTRAL with lowered SGD2.90 TP. We cut our order wins forecasts to SGD2bn/3bn from SGD3bn/4bn for FY15/16F, and expect a 10% fall in ship repair revenues this year vs expectations for 20% growth (originally driven by the new Tuas yard), trimming repair margin assumptions to 15-16% from 20% as a result. Our FY15/16F EPS falls by 8%/7%, bringing our SOP-based TP, which values the shipyard business at 12x P/E, to SGD2.90 (from SGD3.10). We prefer Keppel Corp for its stronger execution, business diversification and higher yield.
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BreadPitt Member	07-May-2015 09:02        BreadPitt About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembcorp Marine | Buy May 6 close: S$3.03 Target price: S$4.04 Nomura Research, May 6 We have a non-consensus view that deepwater rig orders could recover from Q415F, versus zero drillship orders globally.
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edchai Veteran	07-May-2015 07:05        edchai About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Wow! Big investor.  pasttime      ( Date: 06-May-2015 22:06) Posted: should have believe my own estimation and eat back when see the foreign house eat my q. next time no want to believe all these so called analyst report report. no backing one.
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pasttime Supreme	06-May-2015 22:06        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	should have believe my own estimation and eat back when see the foreign house eat my q. next time no want to believe all these so called analyst report report. no backing one.
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Secret_Squirrel Elite	06-May-2015 21:28        Secret_Squirrel About Contact  Quote this Post!   Yells: "Stay curious but skeptical"
x 0   x 0  Alert Admin	人 算 不 如 天 算 。 天 算 不 如 我 来 算 。 我 算 不 如 电 算 。 it will go up when you least expected. pa ka blue black, blue chip becomes blue black. ozone2002      ( Date: 06-May-2015 16:15) Posted: Last:3.02     Vol:2880k     +0.07 pa buay see blue chip!.. crude oil 2015 high at $60! gd luck dyodd
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ozone2002 Supreme	06-May-2015 16:15        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Last:3.02     Vol:2880k     +0.07 pa buay see blue chip!.. crude oil 2015 high at $60! gd luck dyodd
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pasttime Supreme	01-May-2015 12:09        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	newspaper if so good no need to sell newspaper already. few days before xd, i after heard all the sell sell, so q sell at 3.01 kena eaten by foreign house. so now still wonder want to buy back or not. what did they see that the rest did not?
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ysh2006 Supreme	01-May-2015 11:13        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	From the Charting prospect, no big timers appeared ..( Red in Homily charting or Blue in POEM Chart), this hands maybe short covering end of day trades...It got troubles in overseas don' t play play newspaper said... tormater      ( Date: 30-Apr-2015 21:02) Posted: Most the brokerage houses are recomnending a sell which actually means a buy. These bullies just fool retailers for their advantage. Octavia      ( Date: 28-Apr-2015 10:29) Posted: SMM 1Q15 net profit badly missed estimates, falling 13.6% to $105.9m, while revenue dipped 2.4% to $1.3b. The dip in top line was largely driven by weakness in ship repair revenue, which fell 36.5% y/y and q/q to $100.1m. 116 ships were repaired in 1Q15 vs 106 in 1Q14, but average revenue per ship was lower. Meanwhile, rigbuilding revenue fell -5.4% y/y (-13.8% q/q) to $753m.  Operating margins fell 0.5ppt y/y (-5.5ppt q/q) to 10.6%, in part due to a $10.9m of FX loss and $2.2m of fair value loss of financial instruments.  An accommodation semi-submersible and a jack-up rig were delivered in the quarter, while there are nine other rigs to be delivered in the year. YTD, only $56m worth of contracts was secured. Net order book shrunk to $10.6b from $12.9b in 1Q14, with deliveries stretching to 2019. SMM has a sizeable LOI for a semi-submersible crane vessel with Hareema Offshore, which could be worth between US$700-US$1b, which should materialize this year. Nevertheless, Maybank-KE cuts order-win target to $2.7b from $3.6b on expectations that SMM could fall short.  Management also expressed bearishness, citing a scarcity of orders, and customers are either not renewing their charter contracts or are renewing at significantly lower rates. New rigs also face the prospect of not securing charters despite being more sophisticated. On the Brazilian drill ships that SMM has not received payment since Nov&rsquo 14, management is exploring all options, including slowing down construction.  SMM is currently trading at 11.7x FY15 consensus P/E, and 2x P/B.  Latest broker ratings:  UOB KayHian maintains Hold with TP of $2.92 Daiwa maintains Underperform with TP of $2.80 CIMB maintains Reduce with TP cut to $2.61 from $2.82 Goldman Sachs maintains Neutral with TP shaved to $2.60 from $2.70 Deutsche Bank maintains Sell with TP of $2.50 Maybank-KE maintains Sell with TP cut to $2.45 from $2.65
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tormater Senior	30-Apr-2015 21:02        tormater About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Most the brokerage houses are recomnending a sell which actually means a buy. These bullies just fool retailers for their advantage. Octavia      ( Date: 28-Apr-2015 10:29) Posted: SMM 1Q15 net profit badly missed estimates, falling 13.6% to $105.9m, while revenue dipped 2.4% to $1.3b. The dip in top line was largely driven by weakness in ship repair revenue, which fell 36.5% y/y and q/q to $100.1m. 116 ships were repaired in 1Q15 vs 106 in 1Q14, but average revenue per ship was lower. Meanwhile, rigbuilding revenue fell -5.4% y/y (-13.8% q/q) to $753m.  Operating margins fell 0.5ppt y/y (-5.5ppt q/q) to 10.6%, in part due to a $10.9m of FX loss and $2.2m of fair value loss of financial instruments.  An accommodation semi-submersible and a jack-up rig were delivered in the quarter, while there are nine other rigs to be delivered in the year. YTD, only $56m worth of contracts was secured. Net order book shrunk to $10.6b from $12.9b in 1Q14, with deliveries stretching to 2019. SMM has a sizeable LOI for a semi-submersible crane vessel with Hareema Offshore, which could be worth between US$700-US$1b, which should materialize this year. Nevertheless, Maybank-KE cuts order-win target to $2.7b from $3.6b on expectations that SMM could fall short.  Management also expressed bearishness, citing a scarcity of orders, and customers are either not renewing their charter contracts or are renewing at significantly lower rates. New rigs also face the prospect of not securing charters despite being more sophisticated. On the Brazilian drill ships that SMM has not received payment since Nov&rsquo 14, management is exploring all options, including slowing down construction.  SMM is currently trading at 11.7x FY15 consensus P/E, and 2x P/B.  Latest broker ratings:  UOB KayHian maintains Hold with TP of $2.92 Daiwa maintains Underperform with TP of $2.80 CIMB maintains Reduce with TP cut to $2.61 from $2.82 Goldman Sachs maintains Neutral with TP shaved to $2.60 from $2.70 Deutsche Bank maintains Sell with TP of $2.50 Maybank-KE maintains Sell with TP cut to $2.45 from $2.65
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BreadPitt Member	30-Apr-2015 18:29        BreadPitt About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembmarine has invisble hand supporting at $2.95. We must thanks this mystery fund.
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Octavia Supreme	28-Apr-2015 10:29        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	SMM 1Q15 net profit badly missed estimates, falling 13.6% to $105.9m, while revenue dipped 2.4% to $1.3b. The dip in top line was largely driven by weakness in ship repair revenue, which fell 36.5% y/y and q/q to $100.1m. 116 ships were repaired in 1Q15 vs 106 in 1Q14, but average revenue per ship was lower. Meanwhile, rigbuilding revenue fell -5.4% y/y (-13.8% q/q) to $753m.  Operating margins fell 0.5ppt y/y (-5.5ppt q/q) to 10.6%, in part due to a $10.9m of FX loss and $2.2m of fair value loss of financial instruments.  An accommodation semi-submersible and a jack-up rig were delivered in the quarter, while there are nine other rigs to be delivered in the year. YTD, only $56m worth of contracts was secured. Net order book shrunk to $10.6b from $12.9b in 1Q14, with deliveries stretching to 2019. SMM has a sizeable LOI for a semi-submersible crane vessel with Hareema Offshore, which could be worth between US$700-US$1b, which should materialize this year. Nevertheless, Maybank-KE cuts order-win target to $2.7b from $3.6b on expectations that SMM could fall short.  Management also expressed bearishness, citing a scarcity of orders, and customers are either not renewing their charter contracts or are renewing at significantly lower rates. New rigs also face the prospect of not securing charters despite being more sophisticated. On the Brazilian drill ships that SMM has not received payment since Nov&rsquo 14, management is exploring all options, including slowing down construction.  SMM is currently trading at 11.7x FY15 consensus P/E, and 2x P/B.  Latest broker ratings:  UOB KayHian maintains Hold with TP of $2.92 Daiwa maintains Underperform with TP of $2.80 CIMB maintains Reduce with TP cut to $2.61 from $2.82 Goldman Sachs maintains Neutral with TP shaved to $2.60 from $2.70 Deutsche Bank maintains Sell with TP of $2.50 Maybank-KE maintains Sell with TP cut to $2.45 from $2.65
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KAMAL0883 Supreme	28-Apr-2015 09:19        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Yeak Chee Keong (65) 6231 5842 [email protected] 　 Results Review: Uncertain orders, payments 　 § 1Q15 missed on 37% YoY drop in ship-repair revenue. § YTD order wins of only SGD56m. Cut FY15 intake from SGD3.6b to SGD2.7b. Cut FY15-17 EPS by 2-8%. § Maintain SELL. TP trimmed to SGD2.45 from SGD2.65, still at 0.55x FY15 EV/backlog.
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Octavia Supreme	28-Apr-2015 09:10        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	1Q15 profit fell 13.6% y/y to $105.9m, well below forecasts, while revenue dipped 2.4% to $1.3b, largely due to a decline from the rigbuilding (-5.4% to $753m) and repair (-36.5% to $431.1m) segments, offset partially by higher sales recognition for offshore and conversion projects (+19.2% to $431.1m). Operating margin narrowed 0.5% to 10.6%, hit by a FX loss, and bottom line was further squeezed by a sharp spike in interest expense. Ytd, only $56m worth of contracts was secured. Net orderbook shrank to $10.6b from $12.9b in 1Q14. Management issued a bleak outlook with poor prospects for new rig orders and charters. NAV/share of $1.487.
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buysellbuysell Master	27-Apr-2015 10:45        buysellbuysell About Contact  Quote this Post! Style: Flexible   Mood: Yells: "someone please sell down low so that others can buy low"
x 0   x 0  Alert Admin	this counter can consider to pick up around 2.87 to 2.89, now just ex-div, many investors may possibly be exploring other counters.
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Shirleyfong88888 Veteran	27-Apr-2015 10:35        Shirleyfong88888 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Ex-Div today ozone2002      ( Date: 27-Apr-2015 10:31) Posted:   Last:3.01     Vol:574k     -0.09            ozone2002      ( Date: 27-Apr-2015 09:00) Posted: dropped 8c today to 3.02
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ozone2002 Supreme	27-Apr-2015 10:31        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Last:3.01     Vol:574k     -0.09            ozone2002      ( Date: 27-Apr-2015 09:00) Posted: dropped 8c today to 3.02
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ozone2002 Supreme	27-Apr-2015 09:00        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	dropped 8c today to 3.02
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pasttime Supreme	22-Apr-2015 10:02        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	recent low around $1.25 on mar 2009. recent high at $6 at apr 2011 current price $3.1  downside $1.85  upside $2.9 even if they don' t build fan tastic things. their large land area can command lots more rental if they put their acts together. last time k bank can come to live with the help of their vendors/sub contractors/ business associates. think semb marine do sama?
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Octavia Supreme	22-Apr-2015 09:20        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Sembcorp Marine: (S$3.10) Clinched its first contract of 2015 Sembcorp Marine (SMM) finally received its first new order after more than a five-month drought with a relatively small contract worth $56m from Teekay Offshore, to convert a shuttle tanker into a floating storage and offloading vessel. The vessel is expected to arrive at SMM' s Jurong Shipyard in Jun 15 and will be worked on for 11 months, before being deployed for the Gina Krog Field in Norwegian' s North Sea. We note that the new project is termed by management to be " important" and will be fast tracked, which raises questions on whether SMM' s yard may be running low on utilization as order book wanes. In Nov ' 14, management was surprisingly optimistic on its order outlook, citing that enquiries were strong, especially for production assets, and noted its enlarged Tuas yard would allow it to capture those orders. As at 4Q14, SMM had an order book of $11.4b, its lowest since 2Q12 and we do not rule out that the shipbuilding industry may see vessel deliveries pushed back. Maybank-KE believes the contract win unlikely to have material impact on stock price and maintains their Sell rating (TP of $2.65), on weak order momentum and the overhang on Brazil corruption probe.
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ysh2006 Supreme	19-Apr-2015 09:49        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why ha you think they can't make it and incurs loss? or bank don't pay them. hlfoo2010      ( Date: 19-Apr-2015 08:27) Posted: s51  buildoffshore wind farm in north sea ???? I will start clear all my shares . pasttime      ( Date: 16-Apr-2015 11:21) Posted: sci got wind farm ok from china. wonder will this marine also build offshore wind farm one day.  there are al least 20 offshore wind farm operating in north sea and more in the building. the b uild cost of wind farm is not shabby. london array cost 1.8b pounds.
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