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SembCorp Marine- The new Frontier.
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peterwong321
Veteran |
19-Oct-2021 18:09
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Singapore, 19 October 2021 &ndash Sembcorp Marine Ltd (the &ldquo Company&rdquo and, together with the subsidiaries of the Company, the &ldquo Group&rdquo ) refers to the announcement of its 1H2021 Results on 29 July 2021, where it reported a loss of S$647 million and indicated that the Group would continue to face uncertainties arising from COVID-19 related measures of border controls, workforce supply and quarantine restraints. The disruption of supply chains and workforce reductions had affected its productivity and impacted the progress of its projects, resulting in delays and unforeseen cost overruns. The Group also indicated that it expects to continue to incur losses in the second half ending 31 December 2021 (&ldquo 2H2021&rdquo )
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uiop1223
Supreme |
19-Oct-2021 18:07
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All the workers come and construct new condo launches. We pay u well. Forget abt SMM. 🤣 🤣 🤣 | ||||
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Starship
Supreme |
19-Oct-2021 18:06
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FALLnRISE
Member |
19-Oct-2021 18:06
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Looks like all news are influencing us to sell sell sell. Good opportunity for Shortists! | ||||
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chart_expert123
Master |
19-Oct-2021 18:05
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Another misleading post. Bear in mind, TH stake increase were due to poor rights subscription.
Another 600over mio loss, total 1.3bil loss in 2021. MGO offeres 8cents till early Nov, then 5-6centd coming.
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Starship
Supreme |
19-Oct-2021 18:05
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Even the blindest of the blind won' t be so dumb as to hope for good news fm Sembcorp Marine.  ![]() ![]() RESULTS GUIDANCE FOR 2H2021 Singapore, 19 October 2021 &ndash Sembcorp Marine Ltd refers to the announcement of its 1H2021 Results on 29 July 2021, where it reported a loss of S$647 million and indicated that the Group would continue to face uncertainties arising from COVID-19 related measures of border controls, workforce supply and quarantine restraints. The disruption of supply chains and workforce reductions had affected its productivity and impacted the progress of its projects, resulting in delays and unforeseen cost overruns. The Group also indicated that it expects to continue to incur losses in the second half ending 31 December 2021 (&ldquo 2H2021&rdquo ). While the Group has made some progress in managing the delays in project completions, shareholders should note that COVID-19 related measures continue to have a serious impact on the Group&rsquo s performance. In the course of undertaking the Group&rsquo s projects during the third quarter ended 30 September 2021, the Group has encountered further execution challenges, including: (i) delays in delivery of equipment arising from border controls in certain countries (ii) purchase of new components requiring a longer lead time due to supply chain constraints (iii) slower than expected recruitment of additional skilled labour (iv) continuing attrition of skilled workers and (v) work disruptions, including stop work orders, resulting from measures taken to address the recent COVID-19 spikes.  The above have resulted in further delays and increased projected costs to complete these projects over the next three to nine months. Of the 16 projects under execution by the Group, five projects have been further delayed by between one to three months. The Group is therefore likely to incur further cost overruns of a material amount and is currently in negotiations with its counterparties and taking other measures to mitigate these cost overruns. As of the date of this Announcement and based on information currently available to the Group, the Group expects that the increased costs to complete the projects, as well as the losses arising from the added delays, will result in significant losses for 2H2021, which could potentially be in the range of the losses reported for 1H2021. The Group will only be able to quantify the actual losses closer to the end of the financial year ending 31 December 2021, as much will also depend on the performance of the Group in the last quarter of 2021.  The magnitude of losses incurred will depend on many factors, including: (i) the continuing impact of COVID-19 measures on the construction progress of the projects including the availability of labour, the health of workers and supply chain delays (ii) the results of ongoing negotiations with counterparties on revised delivery dates and (iii) unexpected disruptions which may occur due to factors outside of the Group&rsquo s control. As the COVID-19 pandemic persists, the Group continues to face serious challenges and risks. However, the Group is determined to ride through this difficult period, and remains committed to completing its projects and doing its best for its customers and stakeholders. The Group continues to believe that its ongoing strategic diversification and expansion into the clean energy sector will provide a foundation for it to achieve sustainable growth. However, the Group needs the support and patience of all its stakeholders to ride through these very trying times.
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chart_expert123
Master |
19-Oct-2021 18:01
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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TH can MGO at 8cents after tomorrow.
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chart_expert123
Master |
19-Oct-2021 18:00
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Mean another 600 over million loss.
What is 1.5bil for? Disaster. Seem like insider knew it and pump dump these few days.
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better
Elite |
19-Oct-2021 17:58
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SCM' s share is the currency that Temasek is using to absorb Keppel OM into Sembmarine. The higher SCM share price, the lower number of shares are required for the buyout. Temasek owns 46.6% of Sembmarine and would not accept the dilution if too much new shares need to be issued. Therefore, a merger proposal will not be tabled by Temasek if SCM share price is below 20c. Before the 1st right issue, Temasek owns 30%. After 1st rights issue, they increase their holding to 42.6% After 2nd rights issue, they increase their hoilding further to 46.6% After the Keppel OM buyout (likely later next year), Temasek is likely to own about 50% of sembmarine. For example, Temasek owns 49.9% of Sembcorp,  53% of Olam and 55% of SIA.....  
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chart_expert123
Master |
19-Oct-2021 17:58
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Kep Corp will hit 6. Sembmar will stay at 8.2 or lower till merge.
30cents is misleading.
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bystander1965
Supreme |
19-Oct-2021 17:47
Yells: "What I say is just my assessment. DYODD" |
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Profit Guidance (actually should just call it Profit Warning).
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bystander1965
Supreme |
19-Oct-2021 17:46
Yells: "What I say is just my assessment. DYODD" |
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https://links.sgx.com/1.0.0/corporate-announcements/L91LENZRN01F9SNA/050ca2c66c6af265f6a6c76369d42129e520bf68627eee81b926a9f19ab869ca Ouch ... this statement ...as well as the losses arising from the added delays, will result in significant losses for 2H2021, which could potentially be in the range of the losses reported for 1H2021 |
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TigerPlay
Master |
19-Oct-2021 16:03
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Ya, eventually all will go up for sure. Maybe KC will hit $6 !! and SCM hit 30cts....wahhhhhh
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Chagatai
Veteran |
19-Oct-2021 15:54
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So in conclusion Both Kep and Semb Will up
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chart_expert123
Master |
19-Oct-2021 15:13
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Our money is hard earn. Gov money is through printing. How much money can be printed subjected to Singapore Economic, so long as our economic is strong, Gov can print as much as possible and let TH and GIC to manage. Oppositely, if our economic is collapsed and lose trust to global, our SGD will be depreciated till not even paper value, TH and GIC portfolio is just a number only. So, to keep singapore local companies as balance with foreign companies invested in Singapore, this is TH and GIC strategic job. Or else, why we have Shoppee, Lazada, Grab are moving to Singapore as headquarter, our Pfizer BNT vaccinations and etcs are all part of the TH and GIC Efforts. So, Temasek doesn' t really care sembmar shares more or Keppel shares more, objective is to merge as 1 entity to bring in revenue profit job economic and etc.
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chart_expert123
Master |
19-Oct-2021 15:02
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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TH doesn' t really concern about shares, their concerns are their investment returns and portfolio growth. Among Singapore Local Investment, Keppel Corp is still the one performing with profits and dividends. So far, no pumping money into Keppel Corp. TH in love with Keppel Corp corporate culture and their DNA. No matter what happen, Keppel O& M were still the main cash cow under Keppel Corp and their branding, Keppel are like Samsung in Singapore.  in 2019-early 2020, the plan may be was to let Kep Corp to buy over Sembmar and merge as one. But after 2 rights with 3.5bil cash pump in (TH spent about 1.8bil in 2020 rights and 700mio in 2021 rights), TH already controlled majority of shares, although they declared holding 49%, but DBS and other financial institutes share holdings which are Temasek linked basically control more than 49%. A loss making company cannot bring anything return to Temasek, oppositely, Temasek has to pump in more money to bail out the company since one of the objective of temasek formation is to bring in revenue, profit, jobs and etc to singapore gov. Dividend or profit from the local MNC may just a bonus to them. Temasek only wants a merge deal and expect the merge can reduce operating and labour cost with better material cost control. Most important is to strength Negotiation Power and bringing profitable Contracts after reduce competitive within Singapore.   
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vicloo
Supreme |
19-Oct-2021 14:30
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Basically all 3 CO are heavily invested by TH, sembcorp, scm and KC... TH is looking at best situation of all 3 companies... Net value of total 3 with highest value is what TH is looking at and for. Before scm spin off from sembcorp... Sembcorp overall not doing well... After split semb go up, scm down. Same for KC, stucked with KOM... So spin off KOM. 3 companies become 2 making good money good share price only scm suffer short term... Is much better than 2 companies (sembcorp and KC all stucked. 😉 is not what TH wants to see)
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Chagatai
Veteran |
19-Oct-2021 13:19
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Keppel go up Semb marine will follow | ||||
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CleanNGreen
Member |
19-Oct-2021 13:00
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@Oxtail, if i may ask, y TH love Keppel instead of SM? I thought TH own more shares in SM than Keppl?
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CleanNGreen
Member |
19-Oct-2021 12:58
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@Chart_expert123, if i may ask, y TH truth love is with Keppel corp lah? I thought TH own a lot more shares in Sembmarine compare to Keppel corp?
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