| Latest Forum Topics / Seatrium Last:0.091 -- |
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SEMBMARINE - A NEW CHAPTER - DEMERGED
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tbooncho888
Senior |
06-Dec-2021 14:31
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SM weekly chart 5ma is increasing upwards...and its 60 day ma turned up today amidst the surrounding negativity...so much negative talks and yellings yet price is increasing...as chart wants to turn up...as it is time leow...why? because chart just rising up from a major low...that' s why... | ||||
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ahboy8
Member |
06-Dec-2021 14:29
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I still don' t understand why does one person so negative until can jump so many topic, discussing how ' bad' / ' negative' that counter will be. Anyway, why presume that the track record will be the same as Hyflux and keep comparing the past? How Hyflux ending, you think will always apply to other company? If that is the case, are you referring that if you buy a rotten egg, you will never buy egg again because you ' presume' that the ending will be the same as all egg will turn rotten? History is the past and use for learning purpose. Anyway, we are not interested in your negative point. |
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chart_expert123
Master |
06-Dec-2021 14:21
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Hyflux last lifeline was taken away by PUB by taking away the DBOO Tuas South Desal Plant. Will Tuas South Mega yard take away by URA??? just kidding...
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dcproperty
Senior |
06-Dec-2021 14:20
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Another controversy. Tell people not to buy now wait till and buy at $0.04. Now said " better under judicial" and " Better to buy blue chips than gamble on penny stocks like SMM" ... Aiyo, if SMM will to drop to $0.04, doesn' t it becomes even more penny stock, closer to Judicial? Why buy then? What logic? Buy or don' t buy? Why you are so double minded, so controversy? Be a men, talk like a man and not act like small boy(s) please.
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Ligaya
Master |
06-Dec-2021 14:17
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TH still plumbing this penny chip Hyflux not even a pipe given  
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ckmpd1
Supreme |
06-Dec-2021 14:14
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Yes.  Tuas Mega Port is a huge and strategic investment.  O& M will be supported by govt and TH just like SIA.  It is a matter of what form.  Three possibilities: 1.  SMM and KOM merge into a new company. 2. KOM forms new company and takes over SMM assets.  SMM liquidated. 3. SMM forms new company and takes over KOM assets.  KOM liquidated
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chart_expert123
Master |
06-Dec-2021 14:08
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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the only different is Temasek jumped out from Hyflux due to loss of control of Hyflux management (the old lady). Temasek is still in SCM and Singapore gov gave the piece of land for regional shipbuilding and maintenance hub to wrong company at Tuas South.  So TH has to clear the mess now even pumping in billion dollar cash. let' s wait and see how is the development. 
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Ligaya
Master |
06-Dec-2021 14:05
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keep going, green waves 
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chart_expert123
Master |
06-Dec-2021 14:03
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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My negative view on SCM was very consistent since 2020. So which level that you wanted to condempt me to ask to sell? Again, I only said not worth to buy, even today 8.3cents. Nobody should hold a loss making company in mid to long term. wanted to play a swing or contra, if you are good in TA skill and can play with big players, please do it. but hold long term? it was from 5 dollars to today 8.3cents, without a stop of making loss, do you really believe a miracle. If today SCM turn profitable and orderbook increase and give me a positive outlook, will i say it is not worth to buy. Of course not.  What SCM announced recent developments all are reflecting why SCM from 5 dollars to 8.3cents.  NEVER CUT CUT CUT and STOP BLEEDING. at lease Keppel O& M did so.
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ckmpd1
Supreme |
06-Dec-2021 13:59
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Dont forget the predicament of hyflux SHs.  Better to buy blue chips than gamble on penny stocks like SMM | ||||
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ckmpd1
Supreme |
06-Dec-2021 13:54
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Good points.  Many investors who were caught and played out by SMM mgmt are hanging on a slim hope of merger with KOM.  That may or may not happen as covid is still raging with no end in sight.  Even with merger, terms may not be favourable for SMM.  As I said before, KC, KOM and stheir shareholders are not idiots. Time will tell whether there is a merger or not and whether SMM SHs will be played out again. I am buying KC, Singtel, SCI and waiting to get $2.36 for my SPH shares
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dcproperty
Senior |
06-Dec-2021 13:54
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Yeah, appoint you as CEO of SMM easier  
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chart_expert123
Master |
06-Dec-2021 13:47
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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The better option is to take over the assets of SCM through Judicial Management selectively and get rid of the problems created by SCM Management including the joke of Green Ammonia development.
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chart_expert123
Master |
06-Dec-2021 13:45
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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My statement is more on SCM is not worth to buy. Since never take my opinion not to buy, why say take my opinion to sell leh? In fact, keppel corp is worth to buy as compared to SCM. The recent drop of Keppel Corp is mainly due to the re-evaluation of take over price of the SPH and Oil price drop significant to below 70 recently. In long term, Keppel corp is still worth to buy. SCM? now is just at the mercy of Keppel Corp to merge her subsidiary O& M which hold 6bil order book with SCM. Or else, who really dare to hold SCM with merely 1.4bil or less order book and making billion loss annually? Keppel Corp can anytime cut off this lifeline to SCM which i really wish to as a Keppel corp shareholder. 
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dcproperty
Senior |
06-Dec-2021 13:17
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Yes, you are focusing right. You told people sell SMM at $0.08 to buy Keppel at much higher price. As mentioned, if a handsome guy wanna marry a ugly lady, or a beautiful girl wants to marry a ugly guy (SMM), it got nothing do with you. It is up the boss. Not you. Even if KOM being ruined, it got nothing to do with you. Please " focusing" right as you are preaching And, you are making another assumption that no contract completed for next one year. No more money adding from the completed contract to $970m. Which is not that case. From the financial report, we knew that contracts are completing.
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chart_expert123
Master |
06-Dec-2021 10:45
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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The focus point is completely wrong. 960mio only give another year of lifeline. This tanker will only be used within Norway in next decade since there are not other Green Ammonia Plant in the world.  SCM shall cut all the operating cost she can till breakeven, and then slowly recover from breakeven to profit. This consultancy shall just let go. Hope Keppel O& M won' t be dragged by disaster management from SCM when merge. |
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dcproperty
Senior |
06-Dec-2021 10:31
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Yes, it is the world' s first green ammonia-fuelled tanker  .... I respect SMM on this aspect.   The focusing is the silver lining then camping on the negativity. It is talking about recovering stage...We all knew SMM when through hard times... Thanks for sharing, Philip Tan  
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PhillipTan
Supreme |
06-Dec-2021 09:43
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Sembmarine unit LMG Marin wins contract to design world' s first zero-emission fuel tankerSembcorp Marine' s (Sembmarine) wholly-owned subsidiary LMG Marin has clinched a contract to design the world' s first green ammonia-fuelled tanker for Grieg Edge, the innovation unit of Norway' s Grieg Maritime Group.The zero-emission vessel will transport and distribute green ammonia fuel from a production facility in Berlevag, Norway, to Svalbard, a Norwegian archipelago between mainland Norway and the North Pole from 2024, replacing coal-fired power. In a press statement on Friday (Dec 3), Sembmarine said the contract came after the group started rebalancing its product solutions portfolio, with an increasing focus on renewables and other green solutions, since 2015. A Sembmarine spokesperson told The Business Times the contract value could not be disclosed due to market sensitivity. Green ammonia is produced with hydrogen derived from water electrolysis powered by renewable sources of energy such as wind and solar, making it an environmentally-friendly fuel. In contrast, every tonne of conventional ammonia, or grey ammonia, produced generates 2 tonnes of carbon dioxide, given the need to mix hydrogen and atmospheric nitrogen under pressure. Sembmarine' s president and chief executive Wong Weng Sun said LMG Marin can leverage the group' s integrated marine and offshore engineering capabilities and technological bench strength to design the tanker.  The group, meanwhile, noted its participation in a study by the Global Centre for Maritime Decarbonisation (GCMD), where it is a founding member, to define safety and operational envelopes for an ammonia bunkering pilot in Singapore. Sembmarine' s involvement underpins its commitment to work with industry stakeholders to enhance Singapore' s status as a major marine fuel bunkering hub, it said. The effort also supports the International Maritime Organization' s goal to halve shipping greenhouse gas emissions by 2050, relative to 2008 levels, it added. Moving forward, Wong said Sembmarine is " determined to leverage its deep engineering expertise and state-of-the-art facilities to create green waves for a more sustainable offshore and marine industry, globally" . " The world' s energy transition is underway and the marine industry has been proactive in driving the industry forward towards a greener future. This exciting period of change also opens up new business possibilities and opportunities," he added.   |
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Oxtail
Member |
06-Dec-2021 09:40
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of coz. Given a choice, thru VTL is the best.
Cheapest and fastest. VTL can help to cut down SCM losses.
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TigerPlay
Master |
06-Dec-2021 09:18
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Just airing my opinion. Although KC drop a little today and SCM still around 8.3cts, but the chances of KC going up say to 5.30 5.40 is so much higher than SCM going up to say 9cts or 8.8cts...and KC is a much safer bet or stock to buy than SCM. SCM we dun know if can survive with the current financial status and may go for another right again (I kenna twice lioaw)...KC like din hear of any issue of right, at least to my knowledge lor... Just my humble opinion, to each his own lar...by all mean hold or buy SCM if you are confident of this counter, no right no wrong...I won' t tell you dun buy or wat, is your money, you make the decision lor Why I into SCM is because given by SCI demerger, than stuck with it, let go make some loses, then buy back again when realised that this counter is cheap and the profit percentage if it goes up even 1 ct or half cent is very high...but most of the time loses money..do make a little once in a while when BB pushes it up, but thats it, most time stuck or lose money...
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