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SEMBMARINE - A NEW CHAPTER - DEMERGED Post Reply Rate topic
shortyboy Member	24-Feb-2021 13:21        shortyboy About Contact  Quote this Post!
x 0   x 1  Alert Admin	Die pain pain. Adding more short to downside. Stock falls till end of this week. BB drawing the chart downtrend. Follow BB in the path, cheers
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ckmpd1 Supreme	24-Feb-2021 13:13        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	bystander1965      ( Date: 24-Feb-2021 13:11) Posted: Certain individuals only appear to start fear spreading when SCM is trading downwards. They will disappear when it is trading upwards. Now that SCM reported a supposedly very bad result, I guess a number of people shorted. But SCM is not going down, well at least up to now it is holding ok. So they will appear again. Out of desperation? They can' t debate with facts. And once they couldn' t refute, they might become abusive, and might even go beserk. So save your breath. Chit chat with me better. naoshingo      ( Date: 24-Feb-2021 12:57) Posted: When the good results are out....future is bright...you are late into the game lor.... DYODD
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bystander1965 Supreme	24-Feb-2021 13:11        bystander1965 About Contact  Quote this Post!   Mood: Yells: "What I say is just my assessment. DYODD"
x 0   x 0  Alert Admin	Certain individuals only appear to start fear spreading when SCM is trading downwards. They will disappear when it is trading upwards. Now that SCM reported a supposedly very bad result, I guess a number of people shorted. But SCM is not going down, well at least up to now it is holding ok. So they will appear again. Out of desperation? They can' t debate with facts. And once they couldn' t refute, they might become abusive, and might even go beserk. So save your breath. Chit chat with me better. naoshingo      ( Date: 24-Feb-2021 12:57) Posted: When the good results are out....future is bright...you are late into the game lor.... DYODD  lhc1964      ( Date: 24-Feb-2021 12:47) Posted: Be realistic , no mgm of listed company will say future no good for the cmpany , they wl say they are working hard to tender for new projects, but talk is useless , we want to see real result , not trying to win , but WIN !
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ckmpd1 Supreme	24-Feb-2021 13:04        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	naoshingo      ( Date: 24-Feb-2021 12:57) Posted: When the good results are out....future is bright...you are late into the game lor.... DYODD  lhc1964      ( Date: 24-Feb-2021 12:47) Posted: Be realistic , no mgm of listed company will say future no good for the cmpany , they wl say they are working hard to tender for new projects, but talk is useless , we want to see real result , not trying to win , but WIN !
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naoshingo Elite	24-Feb-2021 12:57        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	When the good results are out....future is bright...you are late into the game lor.... DYODD  lhc1964      ( Date: 24-Feb-2021 12:47) Posted: Be realistic , no mgm of listed company will say future no good for the cmpany , they wl say they are working hard to tender for new projects, but talk is useless , we want to see real result , not trying to win , but WIN !
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Laihuat68 Senior	24-Feb-2021 12:53        Laihuat68 About Contact  Quote this Post!
x 0   x 0  Alert Admin	😣 so am I. Bye all 112233      ( Date: 24-Feb-2021 12:51) Posted: paper loss for me now. i will just leave this in the " freezer" for now. haha Laihuat68      ( Date: 24-Feb-2021 12:42) Posted: I think that will be few years later... I better out and re_enter when got good new
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112233 Master	24-Feb-2021 12:51        112233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	paper loss for me now. i will just leave this in the " freezer" for now. haha Laihuat68      ( Date: 24-Feb-2021 12:42) Posted: I think that will be few years later... I better out and re_enter when got good news 112233      ( Date: 24-Feb-2021 12:37) Posted: 1) when they win a few substantial orders. 2) when there are signs of merger (but IMHO don' t count on that).
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lhc1964 Senior	24-Feb-2021 12:47        lhc1964 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Be realistic , no mgm of listed company will say future no good for the cmpany , they wl say they are working hard to tender for new projects, but talk is useless , we want to see real result , not trying to win , but WIN !
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Laihuat68 Senior	24-Feb-2021 12:42        Laihuat68 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think that will be few years later... I better out and re_enter when got good news 112233      ( Date: 24-Feb-2021 12:37) Posted: 1) when they win a few substantial orders. 2) when there are signs of merger (but IMHO don' t count on that).  Laihuat68      ( Date: 24-Feb-2021 12:33) Posted: When will this counter really make profit.. I think k gg to give up soon
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112233 Master	24-Feb-2021 12:37        112233 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1) when they win a few substantial orders. 2) when there are signs of merger (but IMHO don' t count on that).  Laihuat68      ( Date: 24-Feb-2021 12:33) Posted: When will this counter really make profit.. I think k gg to give up soon
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Laihuat68 Senior	24-Feb-2021 12:33        Laihuat68 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When will this counter really make profit.. I think k gg to give up soon
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lhc1964 Senior	24-Feb-2021 12:32        lhc1964 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If low margin also not helpful to the bottonline . ckmpd1      ( Date: 24-Feb-2021 12:02) Posted: Once a new order is confirmed, I think SMM will surge.  That new order will act as a catalyst to boost SMM' s price FATABA      ( Date: 24-Feb-2021 11:32) Posted: Thanks bro .....some statement here is a concern ....still by END 2021....hope to see a clearer pic for SM .....at this moment WINNING good orders w margin is  very umportant. Mr Goh said Sembmarine is likely to continue booking losses in the first half of FY 2021, although the group is unable to accurately estimate the extent of losses at this point as this is generally " driven by a combination of smooth execution of existing projects and securing new orders that contribute to topline" . Giving a " very broad estimate" , Mr Goh said Sembmarine would require anywhere from S$2.5 billion to S$4 billion in orders - both existing and new - to turn profitable.
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naoshingo Elite	24-Feb-2021 12:28        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I just watched the recorded webcast. SM has the clarity on the transformation. I am going to slowly add position into SM.  DYODD.... This is not for trading. Hold for at least 1 year minimum.
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ckmpd1 Supreme	24-Feb-2021 12:02        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Once a new order is confirmed, I think SMM will surge.  That new order will act as a catalyst to boost SMM' s price FATABA      ( Date: 24-Feb-2021 11:32) Posted: Thanks bro .....some statement here is a concern ....still by END 2021....hope to see a clearer pic for SM .....at this moment WINNING good orders w margin is  very umportant. Mr Goh said Sembmarine is likely to continue booking losses in the first half of FY 2021, although the group is unable to accurately estimate the extent of losses at this point as this is generally " driven by a combination of smooth execution of existing projects and securing new orders that contribute to topline" . Giving a " very broad estimate" , Mr Goh said Sembmarine would require anywhere from S$2.5 billion to S$4 billion in orders - both existing and new - to turn profitable. ICXGOLD      ( Date: 24-Feb-2021 11:20) Posted: Sembmarine to stay focused on clean, green solutions worst of writedowns likely over SEMBCORP Marine (Sembmarine) on Tuesday reiterated its focus on " cleaner and greener solutions" after lower oil prices caused it to post an even larger net loss for the second half of its financial year ended Dec 31, 2020. Management also sees an improved outlook for FY2021.   In a call to discuss the company' s latest earnings, Sembmarine' s chief executive Wong Weng Sun and finance director William Goh said the group had already been shifting the focus of its efforts and resources to green opportunities since 2015.   Although Keppel Corporation' s exit from the business of building oil rigs might mean less competition for Sembmarine, Mr Goh said this is not an area where the group sees potential " in the immediate future" .   Revenue from building rigs recorded an 81 per cent year-on-year (y-o-y) fall to S$158 million, to make up a mere 10 per cent of total revenue in FY2020.   " The question for us is whether demand in the rigbuilding segment will recover, and this is typically driven by new designs," said Mr Goh, adding that these include greener solutions or smaller carbon footprints. Sembmarine intends to work on shaping its product mix such that it can improve its profit margin.   The company reported a net loss of S$390.4 million for H2 FY2020, versus a loss of S$130.3 million a year ago. The weaker performance was partially due to asset impairments and provisions. Excluding these, the net loss for the period would have been S$246 million.   The group' s turnover fell 54.9 per cent to S$604.1 million, from S$1.34 billion a year ago.   For the full year, SMM' s net loss widened to S$582.5 million from a loss of S$137.2 million a year ago. Turnover was down 47.6 per cent to S$1.51 billion.   Mr Goh said Sembmarine is likely to continue booking losses in the first half of FY 2021, although the group is unable to accurately estimate the extent of losses at this point as this is generally " driven by a combination of smooth execution of existing projects and securing new orders that contribute to topline" .   But as far as writedowns of Sembmarine' s assets or yard facilities go, Mr Goh was hopeful that the worst is over.   He said the company does evaluations on a periodic basis and will make provisions as necessary, but added that Sembmarine builds its assets " with the future in mind" .   The group' s assets were built to meet changing requirements in the markets and can cater to the renewable sector too, he said.   Like other companies in the industry, Sembmarine was a victim of project deferrals in 2020 as the Covid-19 pandemic hampered business activity. Several projects were deferred in the first three quarters of 2020, but Mr Goh said order visibility had improved significantly from Q4.   Sembmarine began 2020 with a net order book in excess of S$2 billion with completion and deliveries stretching into 2022, but some projects were rescheduled by as much as 12 months.   As at end-2020, the group' s order book stood at S$1.82 billion. This comprised S$1.5 billion of projects under execution and S$310 million of ongoing repairs and upgrades projects with firm deliveries this year.   Giving a " very broad estimate" , Mr Goh said Sembmarine would require anywhere from S$2.5 billion to S$4 billion in orders - both existing and new - to turn profitable.   Sembmarine has not booked any new orders this year, but Mr Goh expects orders this year to be " better than last year" barring any external factors such as a worsening of the Covid-19 situation globally.   More work is expected for repairs and upgrades in particular, amid a shift to greener solutions. Mr Goh is expecting contributions from this segment to improve this year.   In FY2020, revenue from repairs and upgrades declined 30 per cent to S$425 million. This segment contributed 28 per cent of total revenue.
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Maller Elite	24-Feb-2021 11:55        Maller About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think the worst is over? Dyodd
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Invest1 Elite	24-Feb-2021 11:43        Invest1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So many people shorted this share last few days...
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FATABA Supreme	24-Feb-2021 11:32        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Thanks bro .....some statement here is a concern ....still by END 2021....hope to see a clearer pic for SM .....at this moment WINNING good orders w margin is  very umportant. Mr Goh said Sembmarine is likely to continue booking losses in the first half of FY 2021, although the group is unable to accurately estimate the extent of losses at this point as this is generally " driven by a combination of smooth execution of existing projects and securing new orders that contribute to topline" . Giving a " very broad estimate" , Mr Goh said Sembmarine would require anywhere from S$2.5 billion to S$4 billion in orders - both existing and new - to turn profitable. ICXGOLD      ( Date: 24-Feb-2021 11:20) Posted: Sembmarine to stay focused on clean, green solutions worst of writedowns likely over SEMBCORP Marine (Sembmarine) on Tuesday reiterated its focus on " cleaner and greener solutions" after lower oil prices caused it to post an even larger net loss for the second half of its financial year ended Dec 31, 2020. Management also sees an improved outlook for FY2021.   In a call to discuss the company' s latest earnings, Sembmarine' s chief executive Wong Weng Sun and finance director William Goh said the group had already been shifting the focus of its efforts and resources to green opportunities since 2015.   Although Keppel Corporation' s exit from the business of building oil rigs might mean less competition for Sembmarine, Mr Goh said this is not an area where the group sees potential " in the immediate future" .   Revenue from building rigs recorded an 81 per cent year-on-year (y-o-y) fall to S$158 million, to make up a mere 10 per cent of total revenue in FY2020.   " The question for us is whether demand in the rigbuilding segment will recover, and this is typically driven by new designs," said Mr Goh, adding that these include greener solutions or smaller carbon footprints. Sembmarine intends to work on shaping its product mix such that it can improve its profit margin.   The company reported a net loss of S$390.4 million for H2 FY2020, versus a loss of S$130.3 million a year ago. The weaker performance was partially due to asset impairments and provisions. Excluding these, the net loss for the period would have been S$246 million.   The group' s turnover fell 54.9 per cent to S$604.1 million, from S$1.34 billion a year ago.   For the full year, SMM' s net loss widened to S$582.5 million from a loss of S$137.2 million a year ago. Turnover was down 47.6 per cent to S$1.51 billion.   Mr Goh said Sembmarine is likely to continue booking losses in the first half of FY 2021, although the group is unable to accurately estimate the extent of losses at this point as this is generally " driven by a combination of smooth execution of existing projects and securing new orders that contribute to topline" .   But as far as writedowns of Sembmarine' s assets or yard facilities go, Mr Goh was hopeful that the worst is over.   He said the company does evaluations on a periodic basis and will make provisions as necessary, but added that Sembmarine builds its assets " with the future in mind" .   The group' s assets were built to meet changing requirements in the markets and can cater to the renewable sector too, he said.   Like other companies in the industry, Sembmarine was a victim of project deferrals in 2020 as the Covid-19 pandemic hampered business activity. Several projects were deferred in the first three quarters of 2020, but Mr Goh said order visibility had improved significantly from Q4.   Sembmarine began 2020 with a net order book in excess of S$2 billion with completion and deliveries stretching into 2022, but some projects were rescheduled by as much as 12 months.   As at end-2020, the group' s order book stood at S$1.82 billion. This comprised S$1.5 billion of projects under execution and S$310 million of ongoing repairs and upgrades projects with firm deliveries this year.   Giving a " very broad estimate" , Mr Goh said Sembmarine would require anywhere from S$2.5 billion to S$4 billion in orders - both existing and new - to turn profitable.   Sembmarine has not booked any new orders this year, but Mr Goh expects orders this year to be " better than last year" barring any external factors such as a worsening of the Covid-19 situation globally.   More work is expected for repairs and upgrades in particular, amid a shift to greener solutions. Mr Goh is expecting contributions from this segment to improve this year.   In FY2020, revenue from repairs and upgrades declined 30 per cent to S$425 million. This segment contributed 28 per cent of total revenue.
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pkli899 Supreme	24-Feb-2021 11:28        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh, same age as my eldest son. Godwinlow      ( Date: 23-Feb-2021 21:07) Posted: I 94 also.  newbie19      ( Date: 23-Feb-2021 20:30) Posted: Me doggie...this year chinese Zodiac sign rank 12...hurray..🤣 🤣 🤣
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anton1967 Senior	24-Feb-2021 11:23        anton1967 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If cannot win new jobs , they can continue to say and repeat the same message also no use . Will continue to lose monies year after year !
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ICXGOLD Master	24-Feb-2021 11:20        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sembmarine to stay focused on clean, green solutions worst of writedowns likely over SEMBCORP Marine (Sembmarine) on Tuesday reiterated its focus on " cleaner and greener solutions" after lower oil prices caused it to post an even larger net loss for the second half of its financial year ended Dec 31, 2020. Management also sees an improved outlook for FY2021.   In a call to discuss the company' s latest earnings, Sembmarine' s chief executive Wong Weng Sun and finance director William Goh said the group had already been shifting the focus of its efforts and resources to green opportunities since 2015.   Although Keppel Corporation' s exit from the business of building oil rigs might mean less competition for Sembmarine, Mr Goh said this is not an area where the group sees potential " in the immediate future" .   Revenue from building rigs recorded an 81 per cent year-on-year (y-o-y) fall to S$158 million, to make up a mere 10 per cent of total revenue in FY2020.   " The question for us is whether demand in the rigbuilding segment will recover, and this is typically driven by new designs," said Mr Goh, adding that these include greener solutions or smaller carbon footprints. Sembmarine intends to work on shaping its product mix such that it can improve its profit margin.   The company reported a net loss of S$390.4 million for H2 FY2020, versus a loss of S$130.3 million a year ago. The weaker performance was partially due to asset impairments and provisions. Excluding these, the net loss for the period would have been S$246 million.   The group' s turnover fell 54.9 per cent to S$604.1 million, from S$1.34 billion a year ago.   For the full year, SMM' s net loss widened to S$582.5 million from a loss of S$137.2 million a year ago. Turnover was down 47.6 per cent to S$1.51 billion.   Mr Goh said Sembmarine is likely to continue booking losses in the first half of FY 2021, although the group is unable to accurately estimate the extent of losses at this point as this is generally " driven by a combination of smooth execution of existing projects and securing new orders that contribute to topline" .   But as far as writedowns of Sembmarine' s assets or yard facilities go, Mr Goh was hopeful that the worst is over.   He said the company does evaluations on a periodic basis and will make provisions as necessary, but added that Sembmarine builds its assets " with the future in mind" .   The group' s assets were built to meet changing requirements in the markets and can cater to the renewable sector too, he said.   Like other companies in the industry, Sembmarine was a victim of project deferrals in 2020 as the Covid-19 pandemic hampered business activity. Several projects were deferred in the first three quarters of 2020, but Mr Goh said order visibility had improved significantly from Q4.   Sembmarine began 2020 with a net order book in excess of S$2 billion with completion and deliveries stretching into 2022, but some projects were rescheduled by as much as 12 months.   As at end-2020, the group' s order book stood at S$1.82 billion. This comprised S$1.5 billion of projects under execution and S$310 million of ongoing repairs and upgrades projects with firm deliveries this year.   Giving a " very broad estimate" , Mr Goh said Sembmarine would require anywhere from S$2.5 billion to S$4 billion in orders - both existing and new - to turn profitable.   Sembmarine has not booked any new orders this year, but Mr Goh expects orders this year to be " better than last year" barring any external factors such as a worsening of the Covid-19 situation globally.   More work is expected for repairs and upgrades in particular, amid a shift to greener solutions. Mr Goh is expecting contributions from this segment to improve this year.   In FY2020, revenue from repairs and upgrades declined 30 per cent to S$425 million. This segment contributed 28 per cent of total revenue.
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