| Latest Forum Topics / Seatrium Last:0.091 -- |
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Sembmarine
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Qanghoo
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03-Jul-2019 11:02
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I think investigations will take a couple of mths at least.  In the meantime, if drop too much (say 15 - 20%) over the next wk or so, cld present short-term trading opportunities, especially for those with a penchant for risks.  But do take extra care cos if this one ends up kena fined 400mil USD, will be an extremely severely blow, coming as it is on the back of a balance sheet that cld well do with more cash injection burning such a big hole. | ||||
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JesseTyler
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03-Jul-2019 10:53
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Today' s target price for SembMarine: $1.375 to $1.46 | ||||
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Luzern
Supreme |
03-Jul-2019 10:52
Yells: "9" |
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They successfully fined Keppel O& G to the tune of US$422millions back in 2017.......now they are coming after SembMarine.........IMO, a fine is likely. https://www.straitstimes.com/business/companies-markets/keppel-om-to-pay-us422m-in-fines-after-reaching-global-resolution-on |
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Qanghoo
Supreme |
03-Jul-2019 10:48
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Out in BT, 0822 hrs.
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ysh2006
Supreme |
03-Jul-2019 10:42
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This news have not come out in newspaper yet, ...
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runaway
Senior |
03-Jul-2019 10:01
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Pls check up the meaning of < IF > .   |
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trademaster
Supreme |
03-Jul-2019 09:58
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Thats base on your assumption people dont read the news? And base on your assumption it is wrongdoing after reading the news ? Careful not to spread fake news. 
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Sgvale
Supreme |
03-Jul-2019 09:57
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No orders nowadays but keep paying fines. | ||||
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puppey
Veteran |
03-Jul-2019 09:56
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i dont think he really bought, who would buy this counter now? .. too much cash to burn ? hahaha |
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investshare
Supreme |
03-Jul-2019 09:55
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Price back to crisis level. | ||||
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Starship
Supreme |
03-Jul-2019 09:49
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Sembcorp Marine' s Brazil unit, its former president being investigated in Operation Car Wash corruption probe PUBLISHED 55 MIN AGO SINGAPORE - Sembcorp Marine (SembMarine) on Wednesday (July 3) said a search warrant was executed on Estaleiro Jurong Aracruz (EJA), its subsidiary in Brazil, in ongoing investigations related to Operation Car Wash in Brazil, the country' s biggest anti-graft crackdown which sent former president Luiz Inacio Lula da Silva to jail. Present investigations also involve Martin Cheah Kok Choon, EJA' s former president, the offshore and marine firm said. It said it understands the search relates to investigations against Guilherme Esteves de Jesus, a former consultant engaged by EJA in Brazil who has been arrested by the Brazilian Federal Police. He is facing ongoing criminal charges which have not been concluded. " The company has co-operated fully with the Brazilian Federal Police and provided materials within the scope of the warrant," said SembMarine in a filing with the Singapore Exchange. The company added that it has a strict compliance programme and continuously works to ensure its policies and procedures are in place to prevent any violation of anti-corruption laws applicable to its operations. " The company wishes to reiterate that the group is committed to the highest standards of compliance with anti-corruption laws and does not condone and will not tolerate any improper business conduct," it said. Sembmarine added that it will continue to monitor developments in Brazil and other jurisdictions regarding the matter and will make appropriate announcements when there are any material developments. https://www.straitstimes.com/business/companies-markets/sembmarine-brazil-unit-its-fomer-president-in-operation-car-wash-probe |
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runaway
Senior |
03-Jul-2019 09:47
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Pls dont suggest a buy without knowing the details. If any wrongdoing is found, it can do down further.   |
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Starship
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03-Jul-2019 09:42
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trademaster
Supreme |
03-Jul-2019 09:42
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Knee jerk reaction  SOP - Big gap down is a buy, just like big gap up is a sell
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Sgvale
Supreme |
03-Jul-2019 09:42
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Just pay fines loh..... | ||||
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runaway
Senior |
03-Jul-2019 09:37
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Police raid premises of SembMarine subsidiary in BrazilUma Devi
The Edge Singapore3 July 2019, 12:08 AM UTCSINGAPORE (July 3): Sembcorp Marine says the Brazilian federal police conducted a raid on the premises of its subsidiary Estaleiro Jurong Aracruz Ltda (EJA). The shipyard of EJA is located in the municipality of Aracruz in the state of Espirito Santo, Brazil |
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TraderBen
Supreme |
03-Jul-2019 09:35
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Wah.. lucky u
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troxxy
Senior |
03-Jul-2019 09:26
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target 137 | ||||
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gravity8888
Supreme |
03-Jul-2019 09:17
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Will it go below 1.4 | ||||
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trademaster
Supreme |
03-Jul-2019 09:15
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Sold yesterday 153/154, just nice to reload back | ||||
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