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eugesun Elite	28-Apr-2023 10:11        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	140...huah ah.. eugesun      ( Date: 27-Apr-2023 15:53) Posted: https://www.upstreamonline.com/finance/sembcorp-marine-is-no-more-long-live-seatrium-/2-1-1441676 eugesun      ( Date: 27-Apr-2023 14:39) Posted: Positive cash flow with over 1 billion, completed 12 projects free up resources. Winning new HVDC orders. Huah ahh...they don't need to raise more cash at the moment...
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eugesun Elite	27-Apr-2023 15:53        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.upstreamonline.com/finance/sembcorp-marine-is-no-more-long-live-seatrium-/2-1-1441676 eugesun      ( Date: 27-Apr-2023 14:39) Posted: Positive cash flow with over 1 billion, completed 12 projects free up resources. Winning new HVDC orders. Huah ahh...they don't need to raise more cash at the moment...
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jpts66 Member	27-Apr-2023 14:59        jpts66 About Contact  Quote this Post!
x 0   x 0  Alert Admin	2 May 9:00am. TraderBen      ( Date: 27-Apr-2023 09:49) Posted: tot name change from today?
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eugesun Elite	27-Apr-2023 14:39        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Positive cash flow with over 1 billion, completed 12 projects free up resources. Winning new HVDC orders. Huah ahh...they don't need to raise more cash at the moment...
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eugesun Elite	27-Apr-2023 10:56        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, new name now. TraderBen      ( Date: 27-Apr-2023 09:49) Posted: tot name change from today?
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TraderBen Supreme	27-Apr-2023 09:49        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	tot name change from today?
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slingshotpro Senior	27-Apr-2023 09:35        slingshotpro About Contact  Quote this Post!
x 0   x 0  Alert Admin	* Sembcorp Marine - BUY (Renewables power orderbook) SMM is poised for a rerating. New management and near-record S$21bn backlog, could reverse its EPS disappointment over the past decade. The risk/reward is also enhanced by its historically low market cap to order book of 0.5x. SMM?s recent win to build three 2GW converter stations for TenneT make it well-positioned to capitalise on European investments in energy security. The bigger scale and increased complexity required also mean competition may not be as intense as feared. We do not rule out upside risks to our revised 2024-25CL Ebit margin estimates. New TP is S$0.18 (from S$0.16) on c.1.5x 2024CL PB. Maintain BUY.
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eugesun Elite	27-Apr-2023 09:28        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, win more orders 👏 🙌 😀 inject new blood to reborn again... n3wbie      ( Date: 26-Apr-2023 20:28) Posted: I think the company has guided 6-9 months for the strategic review - it has been about 2 months so far - more importantly they continue to win new projects FATABA      ( Date: 26-Apr-2023 16:29) Posted: Thanks for sharing ....i guess it wld take at least 6/12 mths for Chris to clean up the organisation.  SM has many old woods ...and it is NOT easy to cut all from one side and not the other ...it has to be done slowly n w good reasons to  maintain the morale of the company ( merger only happened this year)  More so , it is best to fulfil the $20B orders .
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n3wbie Elite	26-Apr-2023 20:28        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	I think the company has guided 6-9 months for the strategic review - it has been about 2 months so far - more importantly they continue to win new projects FATABA      ( Date: 26-Apr-2023 16:29) Posted: Thanks for sharing ....i guess it wld take at least 6/12 mths for Chris to clean up the organisation.  SM has many old woods ...and it is NOT easy to cut all from one side and not the other ...it has to be done slowly n w good reasons to  maintain the morale of the company ( merger only happened this year)  More so , it is best to fulfil the $20B orders .   Coyote66      ( Date: 26-Apr-2023 15:48) Posted: Holding the reins: Sembcorp Marine chief executive Chris Ong. Photo: KEPPEL CORPORATION Sembcorp Marine defends proposed directors? fees hike ahead of today?s AGM Shareholders will also be asked to vote on contractor's name change to Seatrium 26 April 2023 2:28 GMT UPDATED 26 April 2023 2:28 GMT By Amanda Battersby in Singapore Sembcorp Marine shareholders have queried several proposals tabled by Singapore?s leading offshore and marine contractor ahead of this morning?s crucial annual general meeting. One of the more probing questions asked why it is proposed that director fees would increase from S$2.25 million to S$2.35 million (US$1.68 million to US$1.76 million) ?when the company made a loss of more than S$250 million last year and has been losing money for many years and counting??. ?Shareholders have not been paid dividends for years, so please justify and account for the increase in director fees being put forth for the coming AGM,? asked the shareholder. Sembmarine in response noted that the company has gone through a severe and prolonged downturn, with Covid-19 ?accentuating the difficulties?. ?This impacted all companies within the offshore and marine industry. The company?s losses were incurred as a result of delayed project deliveries and the much higher costs of labour resulting from the restrictions and lack of resources during the pandemic,? said the contractor. Sembmarine said that is directors ?had expended considerable efforts and provided leadership and guidance? to help it navigate these significant challenges. ?As a result, losses have been significantly reduced in the 2022 financial year compared with those in FY2020 and FY2021.? Sembmarine added that following its acquisition of compatriot and former rival Keppel & Offshore Marine, the scale and complexity of the business have increased significantly and that its proposed directors' fees had been benchmarked in this regard. Post-combination progress queried Sembmarine was also called upon to provide an update on the latest progress of integrating Keppel O&M into the company. ?How many overlapping roles/staff were identified, retrenched or redeployed?? asked one shareholder. ?How are the resources, especially manpower, optimised between business units and/or projects? Is there an estimate of how much combined expenses can be saved? Please detail and elaborate.? Sembcorp Marine finance chief heading to pastures new Read more Sembmarine pointed out that it has been less than two months since the legal completion of the combination. ?[However, good progress has been made on integrating the key management of the two entities?, which would ?ensure the smooth execution? of the group?s current order book of more than S$20 billion. ?The process of identification, assessment and achievement of synergies are [sic] ongoing. They include plans to optimise resources, enhance cost efficiencies and maximise the extraction of synergies, with the aim of sharpening our competencies and capabilities to differentiate from the competition.? An upbeat Sembmarine added it believes that following the merger, it has the necessary resources to execute and deliver all projects in its growing order book. ?Manpower, financial and other resources are strategically deployed in alignment with our operational requirements to ensure timely delivery of all projects in our order book,? the contractor said. To date, there has been no cancellation of any of Sembmarine?s existing orders and the company added it expects these to be profitable. Against this backdrop, the contractor said it has suspended non-essential capital expenditure, with the exception of maintenance capex to ensure yard safety and operability. ?Going forward, we will focus on increasing our order book and revenue to improve our operating leverage, while concurrently identifying revenue and cost synergies following the completion of the combination. ?These measures are expected to improve operating margins and generate sustainable returns for shareholders.? Sembmarine is due to hold its 60th AGM on Wednesday at 11am local time, when shareholders will also get the opportunity to vote on the company?s proposed name change to Seatrium. Sembmarine admitted in response to a shareholder question that it had engaged an external consultant regarding its proposed name change but declined to state which third party company it had employed and how much the consultant was paid. The contractor appears to be optimistic of getting the green light for the name change, with the company set to strike the gong at the Singapore Stock Exchange (SGX) at 08.30am on Thursday as part of its brand launch. Sembmarine?s 60th AGM will be held virtually, despite at least one shareholder querying the decision. ?A physical AGM is not considered feasible as the current number of Sembcorp Marine shareholders exceeds 75,000. This makes it impossible to accurately estimate the likely attendance in person and to secure a large enough venue for a physical AGM,? the company explained. ?Further, in light of the spike in infections in recent weeks, a large physical turnout raises the risk of a Covid-19 event, especially since many of our shareholders are seniors.? Sembmarine added it anticipates that in 2024 it will move to a hybrid format that would allow for both face-to-face and online participation at this AGM.
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FATABA Supreme	26-Apr-2023 16:29        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Thanks for sharing ....i guess it wld take at least 6/12 mths for Chris to clean up the organisation.  SM has many old woods ...and it is NOT easy to cut all from one side and not the other ...it has to be done slowly n w good reasons to  maintain the morale of the company ( merger only happened this year)  More so , it is best to fulfil the $20B orders .   Coyote66      ( Date: 26-Apr-2023 15:48) Posted: Holding the reins: Sembcorp Marine chief executive Chris Ong. Photo: KEPPEL CORPORATION Sembcorp Marine defends proposed directors? fees hike ahead of today?s AGM Shareholders will also be asked to vote on contractor's name change to Seatrium 26 April 2023 2:28 GMT UPDATED 26 April 2023 2:28 GMT By Amanda Battersby in Singapore Sembcorp Marine shareholders have queried several proposals tabled by Singapore?s leading offshore and marine contractor ahead of this morning?s crucial annual general meeting. One of the more probing questions asked why it is proposed that director fees would increase from S$2.25 million to S$2.35 million (US$1.68 million to US$1.76 million) ?when the company made a loss of more than S$250 million last year and has been losing money for many years and counting??. ?Shareholders have not been paid dividends for years, so please justify and account for the increase in director fees being put forth for the coming AGM,? asked the shareholder. Sembmarine in response noted that the company has gone through a severe and prolonged downturn, with Covid-19 ?accentuating the difficulties?. ?This impacted all companies within the offshore and marine industry. The company?s losses were incurred as a result of delayed project deliveries and the much higher costs of labour resulting from the restrictions and lack of resources during the pandemic,? said the contractor. Sembmarine said that is directors ?had expended considerable efforts and provided leadership and guidance? to help it navigate these significant challenges. ?As a result, losses have been significantly reduced in the 2022 financial year compared with those in FY2020 and FY2021.? Sembmarine added that following its acquisition of compatriot and former rival Keppel & Offshore Marine, the scale and complexity of the business have increased significantly and that its proposed directors' fees had been benchmarked in this regard. Post-combination progress queried Sembmarine was also called upon to provide an update on the latest progress of integrating Keppel O&M into the company. ?How many overlapping roles/staff were identified, retrenched or redeployed?? asked one shareholder. ?How are the resources, especially manpower, optimised between business units and/or projects? Is there an estimate of how much combined expenses can be saved? Please detail and elaborate.? Sembcorp Marine finance chief heading to pastures new Read more Sembmarine pointed out that it has been less than two months since the legal completion of the combination. ?[However, good progress has been made on integrating the key management of the two entities?, which would ?ensure the smooth execution? of the group?s current order book of more than S$20 billion. ?The process of identification, assessment and achievement of synergies are [sic] ongoing. They include plans to optimise resources, enhance cost efficiencies and maximise the extraction of synergies, with the aim of sharpening our competencies and capabilities to differentiate from the competition.? An upbeat Sembmarine added it believes that following the merger, it has the necessary resources to execute and deliver all projects in its growing order book. ?Manpower, financial and other resources are strategically deployed in alignment with our operational requirements to ensure timely delivery of all projects in our order book,? the contractor said. To date, there has been no cancellation of any of Sembmarine?s existing orders and the company added it expects these to be profitable. Against this backdrop, the contractor said it has suspended non-essential capital expenditure, with the exception of maintenance capex to ensure yard safety and operability. ?Going forward, we will focus on increasing our order book and revenue to improve our operating leverage, while concurrently identifying revenue and cost synergies following the completion of the combination. ?These measures are expected to improve operating margins and generate sustainable returns for shareholders.? Sembmarine is due to hold its 60th AGM on Wednesday at 11am local time, when shareholders will also get the opportunity to vote on the company?s proposed name change to Seatrium. Sembmarine admitted in response to a shareholder question that it had engaged an external consultant regarding its proposed name change but declined to state which third party company it had employed and how much the consultant was paid. The contractor appears to be optimistic of getting the green light for the name change, with the company set to strike the gong at the Singapore Stock Exchange (SGX) at 08.30am on Thursday as part of its brand launch. Sembmarine?s 60th AGM will be held virtually, despite at least one shareholder querying the decision. ?A physical AGM is not considered feasible as the current number of Sembcorp Marine shareholders exceeds 75,000. This makes it impossible to accurately estimate the likely attendance in person and to secure a large enough venue for a physical AGM,? the company explained. ?Further, in light of the spike in infections in recent weeks, a large physical turnout raises the risk of a Covid-19 event, especially since many of our shareholders are seniors.? Sembmarine added it anticipates that in 2024 it will move to a hybrid format that would allow for both face-to-face and online participation at this AGM.
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Coyote66 Member	26-Apr-2023 15:48        Coyote66 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Holding the reins: Sembcorp Marine chief executive Chris Ong. Photo: KEPPEL CORPORATION Sembcorp Marine defends proposed directors? fees hike ahead of today?s AGM Shareholders will also be asked to vote on contractor's name change to Seatrium 26 April 2023 2:28 GMT UPDATED 26 April 2023 2:28 GMT By Amanda Battersby in Singapore Sembcorp Marine shareholders have queried several proposals tabled by Singapore?s leading offshore and marine contractor ahead of this morning?s crucial annual general meeting. One of the more probing questions asked why it is proposed that director fees would increase from S$2.25 million to S$2.35 million (US$1.68 million to US$1.76 million) ?when the company made a loss of more than S$250 million last year and has been losing money for many years and counting??. ?Shareholders have not been paid dividends for years, so please justify and account for the increase in director fees being put forth for the coming AGM,? asked the shareholder. Sembmarine in response noted that the company has gone through a severe and prolonged downturn, with Covid-19 ?accentuating the difficulties?. ?This impacted all companies within the offshore and marine industry. The company?s losses were incurred as a result of delayed project deliveries and the much higher costs of labour resulting from the restrictions and lack of resources during the pandemic,? said the contractor. Sembmarine said that is directors ?had expended considerable efforts and provided leadership and guidance? to help it navigate these significant challenges. ?As a result, losses have been significantly reduced in the 2022 financial year compared with those in FY2020 and FY2021.? Sembmarine added that following its acquisition of compatriot and former rival Keppel & Offshore Marine, the scale and complexity of the business have increased significantly and that its proposed directors' fees had been benchmarked in this regard. Post-combination progress queried Sembmarine was also called upon to provide an update on the latest progress of integrating Keppel O&M into the company. ?How many overlapping roles/staff were identified, retrenched or redeployed?? asked one shareholder. ?How are the resources, especially manpower, optimised between business units and/or projects? Is there an estimate of how much combined expenses can be saved? Please detail and elaborate.? Sembcorp Marine finance chief heading to pastures new Read more Sembmarine pointed out that it has been less than two months since the legal completion of the combination. ?[However, good progress has been made on integrating the key management of the two entities?, which would ?ensure the smooth execution? of the group?s current order book of more than S$20 billion. ?The process of identification, assessment and achievement of synergies are [sic] ongoing. They include plans to optimise resources, enhance cost efficiencies and maximise the extraction of synergies, with the aim of sharpening our competencies and capabilities to differentiate from the competition.? An upbeat Sembmarine added it believes that following the merger, it has the necessary resources to execute and deliver all projects in its growing order book. ?Manpower, financial and other resources are strategically deployed in alignment with our operational requirements to ensure timely delivery of all projects in our order book,? the contractor said. To date, there has been no cancellation of any of Sembmarine?s existing orders and the company added it expects these to be profitable. Against this backdrop, the contractor said it has suspended non-essential capital expenditure, with the exception of maintenance capex to ensure yard safety and operability. ?Going forward, we will focus on increasing our order book and revenue to improve our operating leverage, while concurrently identifying revenue and cost synergies following the completion of the combination. ?These measures are expected to improve operating margins and generate sustainable returns for shareholders.? Sembmarine is due to hold its 60th AGM on Wednesday at 11am local time, when shareholders will also get the opportunity to vote on the company?s proposed name change to Seatrium. Sembmarine admitted in response to a shareholder question that it had engaged an external consultant regarding its proposed name change but declined to state which third party company it had employed and how much the consultant was paid. The contractor appears to be optimistic of getting the green light for the name change, with the company set to strike the gong at the Singapore Stock Exchange (SGX) at 08.30am on Thursday as part of its brand launch. Sembmarine?s 60th AGM will be held virtually, despite at least one shareholder querying the decision. ?A physical AGM is not considered feasible as the current number of Sembcorp Marine shareholders exceeds 75,000. This makes it impossible to accurately estimate the likely attendance in person and to secure a large enough venue for a physical AGM,? the company explained. ?Further, in light of the spike in infections in recent weeks, a large physical turnout raises the risk of a Covid-19 event, especially since many of our shareholders are seniors.? Sembmarine added it anticipates that in 2024 it will move to a hybrid format that would allow for both face-to-face and online participation at this AGM.
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naoshingo Elite	26-Apr-2023 14:28        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	May I ask who hosted the webinar, is it WWS or Chris? Thanks.
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eugesun Elite	26-Apr-2023 09:17        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Chiong for 130...huah ah... eugesun      ( Date: 25-Apr-2023 10:52) Posted: 😆 🤣 😂 😹 😆 ....now it wake up .... naoshingo      ( Date: 25-Apr-2023 10:39) Posted: Seahum has higher price than Seatrium...
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n3wbie Elite	25-Apr-2023 23:07        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Anyone attending the AGM tomorrow?
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eugesun Elite	25-Apr-2023 10:52        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	😆 🤣 😂 😹 😆 ....now it wake up .... naoshingo      ( Date: 25-Apr-2023 10:39) Posted: Seahum has higher price than Seatrium.... eugesun      ( Date: 25-Apr-2023 09:31) Posted: So quiet here..must wake up the price...make some noise...
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naoshingo Elite	25-Apr-2023 10:39        naoshingo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seahum has higher price than Seatrium.... eugesun      ( Date: 25-Apr-2023 09:31) Posted: So quiet here..must wake up the price...make some noise...
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eugesun Elite	25-Apr-2023 09:31        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	So quiet here..must wake up the price...make some noise...
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Michael1688 Member	21-Apr-2023 17:27        Michael1688 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hopefully there is a good announcement this weekend. Happy Hari Raya Holiday
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eugesun Elite	21-Apr-2023 13:18        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you, Huat ahh is my destiny 💓 ...lol newbie19      ( Date: 21-Apr-2023 10:31) Posted: Wow.....what a lovely sentence. eugesun      ( Date: 21-Apr-2023 10:04) Posted: Kepple is up big...the management from kc will make it succeed. I fell on SCM , and I stood up where I fell, march on as a new man with a new name, Seatrium is my name. 😆 🤣 😂 😹
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n3wbie Elite	21-Apr-2023 11:01        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Having seen Keppel started divesting, the stock will need some time to absorb the remaining stake (3+b shares) they have to divest given that it is now non-core. Just need them to start winning more contracts, particularly in the renewables space  Michael1688      ( Date: 21-Apr-2023 10:01) Posted: No announcement. Buying interest lacking
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