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Sembmarine
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ysh2006
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25-Feb-2015 11:16
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Oil & Gas counters not so popular here ? no forumer interested ? |
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ysh2006
Supreme |
24-Feb-2015 22:08
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Keppel also have rigs order cancelled by EAS too! |
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ysh2006
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24-Feb-2015 20:36
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Sembmarine finally said their client' s EAS cancelled their rigs order loh... The buy back is artificially supporting the price only once $3.00 broken maybe go down to $2.85 first support loh... ( I think only)
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ysh2006
Supreme |
23-Feb-2015 10:58
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Yes, but I observed when this company buy back it shares previously ( Please see their announce last year) the more they buy the lower the price hor....artificially supporting ? ( think only)
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ozone2002
Supreme |
23-Feb-2015 10:20
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Good to instil confidence in the company by doing buy backs Name D.O.T. Buy /Sell No.of shares S$/shr Sembcorp Marine 18-Feb-15 Share Buy-Back 226,300 3.020 Sembcorp Marine 17-Feb-15 Share Buy-Back 256,000 3.020 Sembcorp Marine 16-Feb-15 Share Buy-Back 144,000 3.020 |
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edchai
Veteran |
22-Feb-2015 19:26
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I also hold some and the risks are contract cancellation and its clients default in payments. Looks like have to hold on for a while and hope the future dividend payments are reasonable |
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Superman2006
Member |
22-Feb-2015 16:56
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[Img]https://chart.finance.yahoo.com/z?s=S51.SI&t=1y&q=c&l=on&z=l&a=m26-12-9&lang=en-SG®ion=SG[\img] | ||||
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Superman2006
Member |
22-Feb-2015 14:41
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I see......... | ||||
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BreadPitt
Member |
22-Feb-2015 10:26
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Bought Sembmarine at high price and keep averaging down along the way... I averaged down until 'no strength'...Totally cash freezes. Cannt buy Ecoworld condo....: ( Now holding many lots and dont dare to buy and trade. Hope 巴 西 苍 龍 集 团 (PetrolBras)没 事 ,稳 稳 如 米 粉 。 | ||||
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PauloGan
Member |
21-Feb-2015 20:07
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Well, if your client doesn't pay up, there is simply no mid or long term. LOL
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newbie24
Veteran |
21-Feb-2015 17:37
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I'd disagree though, UE appears to be a better share in the short term, but sembmarine is a more stable share for mid/long term investment. Just my two cents worth of opinion
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john_ric
Supreme |
21-Feb-2015 14:31
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between UE and SEM, i think UE is a better bet at the moment. |
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BreadPitt
Member |
21-Feb-2015 12:50
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I remembered I used to sell Sembmarine 2 or 3 years ago at $5.37. I was elated and fulfilling. Now seems that I will need to sit out and wait out for a very long time for the price to reach this level. | ||||
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ysh2006
Supreme |
20-Feb-2015 17:20
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Sembmarine many analysts recommend sell ...They said no business and Brazil banks halt payment to their shipyards. NAV 40% below market price (They said ) If TH wants privatised it will only hovered around plus / minus NAV or current price here !..unlike Keppel land ....(Think only)
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BreadPitt
Member |
20-Feb-2015 16:24
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祝 胜 科 海 事 生 意 兴 隆 股 价 歩 步 高 升 。 Like the Ecoworld property new year TV advertisement from Malaysia. So warmthing and nice with all the dancing. Only can afford to buy 1 unit if sembmarine price can go back to $5.37 this year. | ||||
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ozone2002
Supreme |
16-Feb-2015 17:05
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Goldman Sachs Report EARNINGS REVIEW Sembcorp Marine (SCMN.SI) Neutral Equity Research Above expectations: Brazil concerns cloud margins beat What surprised us 4Q14 net profit was S$174mn (-5% yoy +32% qoq). FY14 net profit was S$560mn (+1% yoy), 105%/102% of FY14E GS/Bloomberg consensus - above GSe but in-line with consensus. 4Q14 sales of S$1.4bn (-15% yoy) was below GSe due to: 1) lower than expected sales recognition of 1st Sete Brasil drillship as the vessel will start work at its new Brazil yard only in mid-Feb-15 compared to prior GSe of mid-Nov-14. Progress was delayed as Brazil authorities were slow in granting approval for the vessel to dock 2) weaker-than-expected ship repair sales. This was more than offset by stronger-than-expected operating margin of 16.1% (GSe: 10.7% Bloomberg consensus: 11.8% 9M14: 10.8%), as several Pacific Class 400 (own design and repeat orders) jackup projects were coming to their tail end of construction and SMM was able to write back a significant portion of risk contingencies associated with those projects. Key takeaways: (1) delivery schedule for 1st Sete Brasil drillship may not be met given the delay in docking (2) Sete Brasil payments of c.S$70-80mn have been outstanding since Nov-14, with no signs of a quick resolution. SMM will however continue with the construction of projects (3) Fierce competition for upcoming project tenders is expected as demand has sharply shrunk with the steep decline in oil price. Ship repair outlook though looks bright. What to do with the stock Stay Neutral. We raise 2015-16E EPS by 7-8% to factor in higher operating margins, and introduce 2017E EPS. Our 12-m 2016E EV/GCI vs. CROCI /WACC based TP is now S$2.70 on unchanged sector cash return multiple of 0.7X (prior: S$2.50). Key risks: 1) stronger /weaker than expected oil price and new orders 2) higher/lower cost inflation. |
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ysh2006
Supreme |
13-Feb-2015 14:45
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Sembmarine got many sell recommendation from brokering house analysts.....many target below $3.00 | ||||
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Octavia
Supreme |
13-Feb-2015 12:14
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SMM: 4Q14 net profit beat estimates, despite falling 4.6% to $174m, bringing full year net profit to $560.1m (+0.8%). Top line dropped 14.6% to $1.44b, primarily due to lower revenue recognition for rig building projects ($873.5m, -27%), partially offset by increased contributions in offshore and conversion ($396.1m, +26.3%). The key surprise of the quarter, operating margin improved to 16.1% (+5ppt) on repeat execution and efficiency gains, and is unlikely to be sustained in subsequent quarters as Brazil contract recognition intensifies. Management admitted that the delivery for the first Sete Brasil drillship may not meet original Jun&rsquo 15 schedule, but will minimise the delay with recovery plans. We see additional costs and margin pressure in FY15-17E, especially with increasing recognition of Brazil-related contracts (31-45% of revenue). SMM has not been paid by Sete Brasil since Nov 14 and is owed SGD70-80m. Order book stands at $11.4b, and a challenging order win environment in FY15 is largely expected. Final DPS of 8¢ bringing full year DPS to 13¢ (FY13: 13¢ ). SMM is trading at 2.1x P/B. Latest broker ratings: CLSA maintains Sell with TP $1.99 JP Morgan maintains Underweight with TP $2.40 Deutsche maintains Sell with TP of $2.50 Maybank KE maintains Sell with TP of $2.65 Goldman Sachs maintains Neutral with TP of $2.70 Morgan Stanley maintains underweight with TP $3.00 Credit Suisse maintains Neutral with TP reduced to $3.30 from $3.60 CIMB maintains Add with TP reduced to $3.39 from $4.00 Barclays maintains Equal Weight with TP of $3.40 |
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earlybird14
Supreme |
13-Feb-2015 09:57
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about 50% of order book is Petrobras project. Petrobras is in very bad situation and corruption investigation is on going. Brazilian is not honest man and payment has been delayed. The drillship contract was signed with Petrobras Subsidiary instead of directly with Petrobras. Petrobras is going to write off 30Billion aseet loss and low oil price is continue. Cancellation of order is possible. Stay away from this counter after dividend collection. |
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nqing87
Supreme |
13-Feb-2015 09:40
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8 cents per share
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