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SembM Re-Born Rich
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share456
Veteran |
12-May-2023 10:33
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once losses continue for 2023, right issue of $600 millions is not enough for $27 billions contract. wait for june result to see the losses.
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ysh2006
Supreme |
12-May-2023 10:03
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Seem it said last time it right issue money still have don't need money yet to do expansion
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eugesun
Elite |
12-May-2023 09:53
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Today 800 millions volume...cheers...30c coming by end of year....
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share456
Veteran |
12-May-2023 09:53
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means it is still in red or losses. wait for june to report losses or 3rd right issue.
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Tryla888
Member |
12-May-2023 09:46
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It's a journey, just booked the cruise with Seatrium. Next stopeover at 18 pierce. Cheers friends!!!
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eugesun
Elite |
12-May-2023 09:39
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Wow BB is accumulating....next stop 160...cheers.. | ||||
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Kelvinthq
Member |
12-May-2023 09:29
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Push down to in more profit. | ||||
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talonn
Member |
12-May-2023 09:29
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All in? The storm has passed right? | ||||
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easywin
Supreme |
12-May-2023 09:28
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Cut lost wait for right time come back again | ||||
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Red_Bean
Member |
12-May-2023 09:27
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Why no 1Q 23 Financial Results announcement ??? |
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Michael1688
Member |
12-May-2023 09:24
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Wow Liao, Short Seller determine to push down to 12. Bearish Now | ||||
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eugesun
Elite |
12-May-2023 09:13
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Long queue already...congratulations to those who got it...
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Michael1688
Member |
12-May-2023 09:12
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Price has to go up, so Short Sellers will get burnt. If you are smart Short Seller, better cover back your position. HaHa | ||||
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Michael1688
Member |
12-May-2023 09:10
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opportunity to accumulate at low now before flying beyond 13 or 14 | ||||
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eugesun
Elite |
12-May-2023 09:07
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Supercharged...have a toast to bears...lol...or bears are toasted...
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eugesun
Elite |
12-May-2023 09:02
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Hello buddy , how are you? They have enough fund through 2023...so when is the 3rd right? 2024?
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Tanahkow
Senior |
12-May-2023 08:38
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https://links.sgx.com/FileOpen/Seatrium%20business%20update%201Q2023.ashx?App=Announcement& FileID=758780 |
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Tanahkow
Senior |
12-May-2023 08:37
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Singapore, 12 May 2023: Seatrium Limited (&ldquo Seatrium&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) is today issuing its interim business update for the first quarter of 2023 (&ldquo 1Q2023&rdquo ). KEY PROJECT WINS 1. The Group, through its wholly-owned subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (&ldquo SMOP&rdquo ) and its consortium partner, clinched its largest offshore renewable project, to supply the high voltage direct current (HVDC) electrical transmission systems for three mega offshore wind farm projects, each valued at approximately EUR 2 billion from TenneT TSO B.V. (&ldquo TenneT&rdquo ) With a combined capacity of six Gigawatt (GW) for deployment in the Netherlands, the three offshore wind farm platforms will contribute towards TenneT&rsquo s sustainability ambition through its offshore grid development programme, which involves the installation of 40GW of offshore wind energy in the German and Dutch North Seas, to enable Europe to be the world&rsquo s first climate neutral continent. 2. The Group through SMOP also secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Wind LLC, a joint venture between Equinor and bp. This contract award follows the successful completion of the FEED (Front-End Engineering and Design) contract which was secured by SMOP in 2022. The scope of the project involves the engineering, procurement, construction, offshore hook-up and commissioning of two Offshore Substation (OSS) Platforms for the Empire Wind 1 and 2 Offshore Wind Farms located about 20 miles south of Long Island, east of the Rockaways. 3. The Group, through its wholly-owned subsidiary Sembcorp Marine Repairs & Upgrades Pte. Ltd (&ldquo SMRU&rdquo ) entered into an agreement with Chevron Shipping Company LLC (&ldquo Chevron&rdquo ) to provide Chevron with engineering, procurement, installation, and commissioning (EPIC) services for its LNG fleet modification and upgrade project to support its energy transition goals. OPERATIONS REVIEW Successful Delivery / Completion of Projects 4. The Group continued to execute strongly into the first quarter of 2023 and to date, has successfully delivered multiple key projects including notable repair and major refits projects. Please refer to Appendix 1 for a listing of projects completed. Ongoing Project Executions 5. Key projects under execution with delivery scheduled from 2023 to 2030 include RWE Renewables&rsquo Sofia Offshore Wind Farm, Newbuild Wind Turbine Installation Vessels (WTIV) Charybdis for Dominion Energy and Sturgeon for Maersk Supply Service (Maersk). 6. The Group also has multiple EPC (Engineering, Procurement and Construction) contracts from Brazilian state-owned oil and gas producer, Petroleo Brasileiro S.A. (Petrobras), for newbuild FPSOs, P-78, P-80, P82 and P-83, for deployment in the Buzios field, in the pre-salt Santos Basin, off the coast of Rio de Janeiro, Brazil. 7. Underpinned by increasing preference for natural gas as the maritime industry strives for a greener future, the Group secured multiple LNG carrier repair and refit projects and currently has 20 LNGCs across its yards undergoing retrofitting programmes. Other key repair and upgrade projects include conversion works on three units of FPSO, the Tortue, Ngujima-Yin and Armada Claire. Please refer to Appendix 2 for details of key projects under execution. New Contract and Order Developments 8. The Group reported a number of key contract wins during the reported quarter and to-date and these include the landmark Framework Cooperation Agreement (FCA) from TenneT two Offshore Substation Platform Projects from Empire Offshore Wind, and an Offshore Substation (OSS) Platform construction contract from an international renewable energy company. Please refer to Appendix 3 for details of these project awards. Net Order Book 9. Year-to-date, the Group has a net order book of over S$20 billion (with a total original contract sum of S$27.8 billion). This consists of approximately S$19.9 billion¹ of projects under execution with ongoing Repairs & Upgrades projects contributing the remaining. 10. Renewables and cleaner/green solutions comprise approximately 39% of the Group&rsquo s net order book. CASH FLOW & LIQUIDITY MANAGEMENT 11. Year-to-date, the Group registered higher overall cash balance following completion of the combination with Keppel O& M and improvement in operating cash flows from continuing successive completion and deliveries of key projects. These will be used to meet payables and other working capital needs in FY2023. 12. The Group registered a net debt/equity ratio of 0.18 times (0.26 times as at end FY2022). ¹ includes two of three contracts for the supply of the HVDC systems for TenneT 13. Since the FY2022 Results Update, there has been no further disbursement of the proceeds from the September 2021 S$1.5 billion Rights Issue. The balance of the net proceeds remains at approximately S$600 million. 14. The Group expects to have the necessary liquidity to fund its operations for the foreseeable future. OUTLOOK 15. Amid the ongoing energy transition and heightened concerns for energy security, the industry outlook for oil & gas, offshore renewables and other green solutions continues to improve and strengthen. The Group is actively responding to new opportunities and is focused on converting its orders pipeline into firm contracts. 16. With a combined order book of over S$20 billion with completions scheduled from 2023 to 2030, the Group remains focused on executing well on all its existing projects. The completion of the projects will contribute positively to the Group&rsquo s financial performance. 17. Following completion of the combination, the Company embarked on a comprehensive strategic business review to unlock synergies and build a roadmap for sustainable growth. A dedicated transformation team is in place to drive the strategic review and the exercise is expected to be completed before the end of 2023. | ||||
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Tanahkow
Senior |
12-May-2023 08:35
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Seatrium Interim Business Update for 1Q2023 A good start with multiple project wins and a bolstered net order book o Landmark win of three 2GW most advanced HVDC Offshore Converter Platforms from TenneT TSO B.V. o Award of two Offshore Substation Platform EPCC contracts following successful completion of FEED from Empire Wind o Significant win of EPCI services agreement from Chevron for its LNG fleet modification project o Net order book of ongoing projects increased to over S$20 billion o Renewables and cleaner/green solutions comprise approximately 39% of the Group&rsquo s net order book. Continued strong execution with successive project deliveries and good progression on existing projects o Strong execution with successive project deliveries including the third and final Ropax unit built for Norled and the Prosperity FPSO for SBM Offshore o Servicing a total of 91 vessels/offshore structures including naval vessels, cruise liners, LNG carriers, FSU/FSRU/FSO/FPSO units and jackups across the Group&rsquo s yards Shareholders&rsquo support for combination with Keppel O& M and name change o Sembcorp Marine shareholders gave overwhelming 95.28% support for the Proposed Combination with Keppel O& M at the Company&rsquo s EGM held on 16 February 2023 o At the Company&rsquo s AGM held on 26 April 2023, 99.91% voted in support for the change of name to Seatrium Limited | ||||
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naoshingo
Elite |
12-May-2023 08:27
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Erect back to 13.3cm | ||||
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