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Octavia Supreme	23-Jul-2018 09:33        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	*Sembcorp Marine - Dismal 2Q18 net loss of $55.6m (2Q17: $5.1m profit) blew estimates out of the water due to lower work volume and loss on sale of a semi-submersible rig.  - Revenue surged 151% to $1.63b, boosted by delivery of two Borr Drilling jack-ups and sale of West Rigel semi-submersible but excluding these rig sales, revenue would have sunk 12% to $572m. - Dived into operating loss of $52.6m, reversing from $25.2m profit in 2Q17 as weak volumes in rigs & floaters and offshore platforms was unable to cover overheads and the yard took a $27m hit from the US$500m sale of West Rigel.  - Despite securing $254m of new contracts, its net order book (excluding Sete Basil drillships) shrank 9.6% q/q to $4.15b.  - While global E& P spending is picking up, order flow recovery is slow, competition is intense and margins are compressed. - No interim dividend declared (1H17: 1¢ ).  - Trades at 1.75x P/B.
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chenkhoon Senior	23-Jul-2018 09:22        chenkhoon About Contact  Quote this Post!
x 0   x 0  Alert Admin	I sold off all my shares. As some brothers here said, oil price up, orders coming in but company still making a loss. ysh2006      ( Date: 22-Jul-2018 03:48) Posted: How shale oil diging production work if oil price is high ?.. produce more to flood the market? Use less oil maybe use battery car instead.
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ysh2006 Supreme	22-Jul-2018 03:48        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How shale oil diging production work if oil price is high ?.. produce more to flood the market? Use less oil maybe use battery car instead.
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Vinchua Member	21-Jul-2018 22:42        Vinchua About Contact  Quote this Post!
x 0   x 0  Alert Admin	some news of $100 per barrel Oil is mounting and may I know which local companies prices will go up?
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john_ric Supreme	21-Jul-2018 19:31        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	morning knee jerk reaction. shortists at work. later afternoon bounce back somewhat. cover back shorts.
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CraigFoo Elite	21-Jul-2018 17:04        CraigFoo About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	That?s good.. if I?m not wrong, you are also in Ezion. Think u should spend more time worrying about that than Semb mar. If there?s really a big drop on Monday, I will definitely go in. dyingcat      ( Date: 21-Jul-2018 12:01) Posted: Even at 1.8, I'm not interested. CEO mentioned not to expect profitable in next quarters. Luckily i bought with cpf, no Need to cut loss. CraigFoo      ( Date: 20-Jul-2018 22:52) Posted: If so, queue at 1.8 and buy on Monday.
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dyingcat Veteran	21-Jul-2018 15:05        dyingcat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah, patiently wait for its possible good news like winning big contracts, merging with Keppel O & M. notredame      ( Date: 21-Jul-2018 12:05) Posted: Good! Cpf one just close one eye for a few months. Will see rebound before you knew it. Investors can be optimistic and/or forgetful. dyingcat      ( Date: 21-Jul-2018 12:01) Posted: Even at 1.8, I'm not interested. CEO mentioned not to expect profitable in next quarters. Luckily i bought with cpf, no Need to cut loss
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notredame Member	21-Jul-2018 12:32        notredame About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyway, looking at its 2017 Group Financial Review, it had generated most net profit from its utilities sector & its urban development sector. Marine sector' s net profit was relatively very low. Hence this current SMM net loss shouldn' t affect SCI results much as  SMM is just a small stake in SCI diversified businesses.  (Sorry, off-topic) notredame      ( Date: 21-Jul-2018 10:38) Posted: Thanks. May I know this 61% constitutes what % of SCI total businesses? halleluyah      ( Date: 21-Jul-2018 10:32) Posted: Semb ind holds 61% of semb m....so gt some effect....
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notredame Member	21-Jul-2018 12:05        notredame About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good! Cpf one just close one eye for a few months. Will see rebound before you knew it. Investors can be optimistic and/or forgetful. dyingcat      ( Date: 21-Jul-2018 12:01) Posted: Even at 1.8, I'm not interested. CEO mentioned not to expect profitable in next quarters. Luckily i bought with cpf, no Need to cut loss. CraigFoo      ( Date: 20-Jul-2018 22:52) Posted: If so, queue at 1.8 and buy on Monday.
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dyingcat Veteran	21-Jul-2018 12:01        dyingcat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even at 1.8, I'm not interested. CEO mentioned not to expect profitable in next quarters. Luckily i bought with cpf, no Need to cut loss. CraigFoo      ( Date: 20-Jul-2018 22:52) Posted: If so, queue at 1.8 and buy on Monday. dyingcat      ( Date: 20-Jul-2018 22:20) Posted: How come so many naive longists think q2 result has already been priced in? $1.8 possible on Mon.
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Huat1368 Veteran	21-Jul-2018 11:31        Huat1368 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Beware of shortlists.😓 notredame      ( Date: 21-Jul-2018 09:06) Posted: The price is indeed low already relative to its fundamentals and future prospects. The only thing we didn' t mention is that  shortists  will take the opportunity to sell down much more than what it is worth. So if we hold for longer term and don' t sell cheap to shortists, prices will still be stable. dyingcat      ( Date: 20-Jul-2018 22:20) Posted: How come so many naive longists think q2 result has already been priced in? $1.8 possible on Mon.
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notredame Member	21-Jul-2018 10:38        notredame About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks. May I know this 61% constitutes what % of SCI total businesses? halleluyah      ( Date: 21-Jul-2018 10:32) Posted: Semb ind holds 61% of semb m....so gt some effect....
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halleluyah Supreme	21-Jul-2018 10:32        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Semb ind holds 61% of semb m....so gt some effect....
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notredame Member	21-Jul-2018 10:17        notredame About Contact  Quote this Post!
x 0   x 0  Alert Admin	TBH, I do not have any SM stocks but have a few SembCorp Ind. Anyone care to share your foresight of SCI now that SM suffered loss? 1H2018 results will be out on 3 Aug.
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mariners Senior	21-Jul-2018 10:00        mariners About Contact  Quote this Post! Style: Combined   Yells: "FA tells me what to buy, TA tells me when to buy"
x 0   x 0  Alert Admin	actually when kep corp released their result and their o& m segment didn&rsquo t make money, shouldn&rsquo t people somewhat can forsee what will also happen to sembcorp sector wise?
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notredame Member	21-Jul-2018 09:06        notredame About Contact  Quote this Post!
x 0   x 0  Alert Admin	The price is indeed low already relative to its fundamentals and future prospects. The only thing we didn' t mention is that  shortists  will take the opportunity to sell down much more than what it is worth. So if we hold for longer term and don' t sell cheap to shortists, prices will still be stable. dyingcat      ( Date: 20-Jul-2018 22:20) Posted: How come so many naive longists think q2 result has already been priced in? $1.8 possible on Mon.
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trader25yr Master	21-Jul-2018 01:28        trader25yr About Contact  Quote this Post! Style: Flexible   Mood: Yells: "I hate con man"
x 0   x 0  Alert Admin	2016 it was $1.3 full of bad news got small profit but few order... now still bad news, got order but no profit ... monday if price no drop, also will not up lah ... notredame      ( Date: 20-Jul-2018 22:11) Posted: Current price already very low. Expected results already factored in ba. Vinchua      ( Date: 20-Jul-2018 19:23) Posted: So current price already priced in the results? Or mon bbq down to what chaota price?
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wehuattogether88 Supreme	21-Jul-2018 01:17        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If u are so smart, u can queue at $1 on Monday, why 1.8? try lower. dyingcat      ( Date: 20-Jul-2018 22:20) Posted: How come so many naive longists think q2 result has already been priced in? $1.8 possible on Mon.
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smoothsailing Member	20-Jul-2018 22:59        smoothsailing About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like media can' t even bother to report the results. Up to now no report in ST or BT. Most investors disinterested in results. CEO reiterated that all 10 unsold rigs in inventory now have been monetized away, the last, West Rigel giving the $27M loss that is most of the loss 2Q. This is actually quite good. Looks like SMM has passed the stage where investors worry abt losses from unsold projects putting the whole company in financial trouble to the stage where we can worry about future earnings n margins. LOL Also I think getting the new " mega-scale" projects is the right path forward for SMM. Hopefully we will see an earnings improvement next coupla quarters.
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CraigFoo Elite	20-Jul-2018 22:52        CraigFoo About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	If so, queue at 1.8 and buy on Monday. dyingcat      ( Date: 20-Jul-2018 22:20) Posted: How come so many naive longists think q2 result has already been priced in? $1.8 possible on Mon.
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