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Sembmarine
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sgtrader18
Veteran |
01-Feb-2017 09:35
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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http://news.asiaone.com/news/business/chinas-poly-gcl-talks-sembmarine-flng-project more details on the deal. |
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sgtrader18
Veteran |
31-Jan-2017 15:10
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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Market everywhere fears Trump' s policy. will take sometime for market to get use to.
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MekMiRic
Member |
31-Jan-2017 11:43
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hopefully recovering after morning panic sell across the board
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ysh2006
Supreme |
31-Jan-2017 10:48
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If this news still cannot up what type of news can har ?...
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sgtrader18
Veteran |
31-Jan-2017 10:19
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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Singapore, January 30, 2017: Further to the announcement made on 15 November 2016 in relation to the disposal of shares in Cosco Shipyard Group Co, the Company wishes to inform that the relevant Chinese regulatory authorities have approved the sale of shares in CSG to COSCO and a new Foreign-Investment Enterprise Certificate has been issued. Parties will finalize payment arrangements within the stipulated time under the sale and purchase agreement, expected to be completed by 1Q2017. |
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MekMiRic
Member |
31-Jan-2017 08:36
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Thx | ||||
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Wind22i
Supreme |
31-Jan-2017 08:25
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Sembcorp Marine: An oil and gas business partnership between Chinese conglomerates Poly Group and GCL Group is in final talks with Sembcorp Marine for the supply of a newbuild floating liquefaction plant towards the development of what may be Ethiopia's first liquefied natural gas export project, The Business Times reported on Tuesday.
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MekMiRic
Member |
26-Jan-2017 12:15
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Thx.
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sgtrader18
Veteran |
26-Jan-2017 09:12
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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cause you aim most o& g sector? with the cosco sale the report might be good. if that is the case then after cny hopeful can collect ang bao liao.
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Moomoomoo
Senior |
25-Jan-2017 21:51
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I'm not sure but I have this feeling that you are right...
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MekMiRic
Member |
25-Jan-2017 17:09
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strangely i find this situation funny
the two companies i am vested in have similar price movement despite the "bright" prospects never mind need to be patient note: i am vested |
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sgtrader18
Veteran |
25-Jan-2017 11:23
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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i guess now will slowly climb till 22 feb will stop and lepak. after a while then climb again slowly. cant have great news as earning wont be alot. also have to provision for outstanding etc. as seen in last Q report, already can tell this time round how it would look like. good thing is people are looking at buying o & g since its so low now. for those who didnt die during the storm things starting to pick up. after all got ah gong support still safer. just picked up some. hopefully i am right.
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Moomoomoo
Senior |
24-Jan-2017 22:01
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Hopefully is good news
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sgtrader18
Veteran |
24-Jan-2017 09:07
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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Date of release for Sembcorp Marine Full Year 2016 Financial ResultsSembcorp Marine will be announcing its financial results for the full year ended 31 December 2016 on Wednesday, 22 February 2017, after market trading hours. |
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sgtrader18
Veteran |
24-Jan-2017 09:05
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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dont worry. a slow climb is better then a huge jump follow by a steep fall.
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MekMiRic
Member |
24-Jan-2017 05:59
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:(
tq Octavia hope it works out in the mid term |
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Octavia
Supreme |
23-Jan-2017 22:12
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Oil px up 2% last Friday,now tumbled > 1.5% |
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Moomoomoo
Senior |
23-Jan-2017 21:15
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Hope it can hit 2 by end of the year
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MekMiRic
Member |
23-Jan-2017 17:10
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From Singapore Business Review
News ENERGY & OFFSHORE | Staff Reporter, Singapore Published: 7 hours ago 277 view(s) Wealthy investors eyeing undervalued O&M stocks: report One big-cap is a potential outperformer. Investors in Hong Kong and Malaysia are looking to oversold offshore and marine names as the way to profit from the Singapore market, a report by CIMB revealed. "Most of the investors we met during our marketing in Hong Kong and Malaysia were receptive of our view that the under-owned offshore & marine names could be the way to play the Singapore market, as oil prices sustain at the current level," CIMB noted. While CIMB remained neutral on the sector's overall prospects, the report highlighted that Sembcorp Marine is a potential outperformer as it is a direct proxy to ride the oil price upturn. Apart from O&M names, investors are also interested in stocks which would benefit from the US dollar's strength, as well as undervalued consumer stocks. In sum, CIMB reported that there is slightly warmer interest in Singapore stocks from international investors, as the rally in the local market made the STI the strongest performer in the region. |
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MekMiRic
Member |
19-Jan-2017 07:12
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From OilPrice.comOil Production Here Is Declining Faster Than Anywhere On EarthBy Dave Forest - Jan 18, 2017, 9:53 AM CST 
Series of important warnings emerging in the oil sector this week. With several sources noting that production is taking a steep nosedive &mdash in one particular part of the world. Asia-Pacific. Industry specialists Wood Mackenzie released data Monday showing that Asian crude output is falling notably. In fact, the decline is substantially greater than production pullbacks anywhere else in the world. WoodMac&rsquo s Asia-Pacific upstream research director Angus Rodger said the region&rsquo s overall output is heading lower fast. With forecasts showing that Asia-Pacific crude production will fall by 1 million barrels per day, or over 13%, by 2020 &mdash to 6.5 million b/d, from a current 7.5 million b/d. That&rsquo s largely a consequence of declines in Asia-Pacific&rsquo s &ldquo big four&rdquo oil producers &mdash China, Indonesia, Malaysia, and Thailand. Coming as big fields in those countries hit maturity &mdash thus requiring higher levels of investment to keep them pumping. Such capital investment however, has been severely cut back across Asia during the recent fall in crude prices. With all of China&rsquo s state-owned oil majors reporting double-digit declines in capital spending last year. Those cuts mean Asia&rsquo s largest oil fields are now seeing an average production decline rate of 7%. Far above declines seen in other major producing nations. The biggest impact is in China. Where the government this week admitted that domestic oil production is tumbling &mdash with officials forecasting a 7% fall in national output by 2020, to 4 million barrels per day.
Wood Mackenzie sees China&rsquo s production falling even further. With the consultancy forecasting Chinese production at 3.5 million b/d in 2020. That jives with recent data, which show China&rsquo s oil output dropped 9% in November 2016 as compared to a year earlier. Suggesting that production declines may be setting in faster than the government is anticipating. That means increased reliance on oil imports for China. And could accelerate the push by Chinese companies to secure newer and lower-cost fields in other parts of the world. Watch for new data on Chinese and Asian production, to see just how fast output is declining. Here&rsquo s to a big tank running dry. By Dave Forest Note: I am vested in thi stock. |
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