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Sembmarine
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fortuneparrot
Member |
04-May-2020 17:34
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bought at $3 in 2015, thinking of buying more to lower dollar cost, but not sure if good move and how long it will take to recover... hai... | ||||
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sengsk
Elite |
30-Apr-2020 10:38
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Get ready, FLY soon ! | ||||
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moron101
Supreme |
28-Apr-2020 14:57
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Privatize leh.. | ||||
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Octavia
Supreme |
27-Apr-2020 12:01
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Today fast and furious.
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ysh2006
Supreme |
23-Apr-2020 21:22
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So they stop work also!!...take a rest at their dormitories....start again after June 1.
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Francisgohyc
Master |
23-Apr-2020 15:54
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Luck sell today, contra it as tonight US may be volatile. Aiming for OCBC when it drop below $8. This market is very hard to predict, it will be deep recession. Hope dont drag too long as more people will lose their job
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vivacious
Supreme |
23-Apr-2020 15:30
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sell now got profit leh
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Francisgohyc
Master |
23-Apr-2020 14:47
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Worry that US unemployment rate will go up to 26 million. Sold away all at 69.5 at a profit $1200.Will buy back again in May-20, now 70 cents Heng Heng...... And huat la. Still don't understand stock market, yesterday drop like hell and the next day it went up
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Francisgohyc
Master |
22-Apr-2020 10:38
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Now 1.971 million share traded at 67cents Bounght 40 lot at 66 cent ( lowest 65cmts today ), hope it will not drop further CPF just draw $160K, investment in SMM is high risk now but the return will be great Hope I am right ......a bit worry |
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Joelton
Supreme |
22-Apr-2020 09:29
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Sembcorp Marine told to stop all on-site work due to Covid-19 spread in foreign worker dormsPUBLISHED
APR 21, 2020, 2:31 PM SGTUPDATED
APR 21, 2020, 5:22 PMSINGAPORE (THE BUSINESS TIMES) - Sembcorp Marine (SembMarine) has received a government order to stop all on-site work with effect from Tuesday (April 21), until May 4 or the end of the &ldquo circuit-breaker&rdquo period. The stop-work order follows the steep rise in the number of confirmed Covid-19 cases among foreign workers in dormitories. In response to queries from The Business Times, a SembMarine spokesperson said on Tuesday: &ldquo The Ministry of Trade and Industry informed us yesterday that Sembcorp Marine and some other companies must now suspend all on-site activities with effect from April 21 (today), and that we are granted only a limited permit to carry works required for ensuring the safety of the ships and facilities in our yards.&rdquo In a letter dated April 20 and seen by BT, Alvin Gan, vice-president and head of SembMarine&rsquo s ship repair unit, explained to customers: &ldquo Most of our workers are housed in dormitories and in the last few days, there had been more cases of infections in most dormitories located across Singapore, with some dormitories already identified by the MOH (Ministry of Health) as clusters of Covid-19 infections.&rdquo He added: &ldquo In view of the orders given by our government, we will have to implement a stop-work order of our production activities at our shipyards in Singapore within 24 hours from today (April 20), and as such, the majority of personnel related production activities will not be required on site. &ldquo This production time-out is intended to &lsquo break the circuit&rsquo of transmission of the coronavirus and to reduce the risk of infections spreading amongst the personnel working on the ships, thereby safeguarding the health and safety of the customers&rsquo personnel and our workforce. This stop-work order is in the best interest of your ship in this difficult time.&rdquo The letter had also stated that SembMarine&rsquo s earlier approved exemption to continue onsite work has been rescinded, though BT understands that this information is dated. The MTI has since clarified that the exemption still stands, with a limit imposed on the number of people allowed to work at SembMarine&rsquo s yards. For instance, SembMarine will continue to maintain essential manning to ensure the safety of the work and the facilities, the company said. https://www.straitstimes.com/business/companies-markets/sembcorp-marine-unit-told-to-stop-all-on-site-work-due-to-covid-19-spread |
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Observers
Elite |
21-Apr-2020 08:19
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SMM have to be very careful when handing over products, taking jobs from clients. Esp now the oil industry in a mess, don' t know which company might go bust tomorrow like Hin Leong. Later transfer the goods cannot collect back the recievables. | ||||
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guavaMoment
Senior |
21-Apr-2020 08:08
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Saudi and Russia screwed each other up and are now falling fast down the slippery slope they created. The only way oil prices can hold now is not just these measly 10% cut in production. They have to stop pumping and supplying oil for two months at least to wash away the over supply. Good job Salman and Putin. All your oil producing buddies are very grateful for your esteemed and wise leadership now.
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ysh2006
Supreme |
20-Apr-2020 22:20
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Oil price dropped alot why this stock still standing not dropping ? their yard in Sembawang also have virus infection.... | ||||
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Octavia
Supreme |
12-Apr-2020 12:15
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G20 backs largest oil supply agreement in history (FT)Early on Friday morning, Saudi Arabia-led Opec and Russia struck a deal to cut 10m barrels a day from global supply, the biggest supply reduction ever made as the producers moved to prop up the global oil market. Confirmation of the deal was delayed by Mexico&rsquo s refusal to make large cuts to its own oil production, defying Saudi Arabia&rsquo s push to have all countries in the Opec+ alliance cut an equal share. The US, Russia and Saudi Arabia, the world&rsquo s top three oil producers, all endorsed the agreement to cut production, with Donald Trump, US president, saying that the US would help Mexico &ldquo pick up some of the slack&rdquo to smooth the deal&rsquo s progress. |
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SgTrader17
Elite |
09-Apr-2020 20:04
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Markets for US are set to come down tonight. Those who bought SM today only can hope for OPEC meeting to come out with a good results. But will probably only be short lived though, and what happens after that short lived rally, with low demands due to the current lockdowns worldwide, probably back to selling on news situation. One sell, two sell, all join the sell queues. Dyodd. Good luck all. | ||||
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Sgvale
Supreme |
09-Apr-2020 13:43
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Saudi & Russia meet for production cut. Oil price up. | ||||
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puppey
Veteran |
06-Apr-2020 14:28
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of cos will low ball . who will pay premium for this counter ..
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Octavia
Supreme |
06-Apr-2020 14:22
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Power today.
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des_khor
Supreme |
05-Apr-2020 19:25
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Normally will only get low ball price .
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des_khor
Supreme |
05-Apr-2020 19:23
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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NAV will go lower if keep losing money .
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