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Again, I just think people have hidden agenda to keep pressing down the px.
sun233 ( Date: 03-Oct-2016 07:24) Posted:
Thanks for info. Singapore delegate is off to India. Hopefully annoucements will ensue in the next few days.
serious ( Date: 02-Oct-2016 10:10) Posted:
Sembcorp CEO Tang Kin Fei (above) remains confident that large economies like India and China can still offer opportunities for Sembcorp in the utilities sector. He said: " As they meet their growth targets, there will also be new water and power requirements which will offer opportunities for us." Some of the group' s business in India could eventually be spun off separately as well, he said.ST PHOTO: LIM YAOHUI
http://www.straitstimes.com/business/companies-markets/india-the-next-frontier-for-sembcorp
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Thanks for info. Singapore delegate is off to India. Hopefully annoucements will ensue in the next few days.
serious ( Date: 02-Oct-2016 10:10) Posted:
Sembcorp CEO Tang Kin Fei (above) remains confident that large economies like India and China can still offer opportunities for Sembcorp in the utilities sector. He said: " As they meet their growth targets, there will also be new water and power requirements which will offer opportunities for us." Some of the group' s business in India could eventually be spun off separately as well, he said.ST PHOTO: LIM YAOHUI
http://www.straitstimes.com/business/companies-markets/india-the-next-frontier-for-sembcorp
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Sembcorp CEO Tang Kin Fei (above) remains confident that large economies like India and China can still offer opportunities for Sembcorp in the utilities sector. He said: " As they meet their growth targets, there will also be new water and power requirements which will offer opportunities for us." Some of the group' s business in India could eventually be spun off separately as well, he said.ST PHOTO: LIM YAOHUI
http://www.straitstimes.com/business/companies-markets/india-the-next-frontier-for-sembcorp
Oil, the only way to go is, up!!!!
So fast game over hahahahaha
serious ( Date: 29-Sep-2016 10:58) Posted:
Just the begining of the big marching !
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The beginning to the end of the 2 year downtrend? Probably yes.
Just the begining of the big marching !
Sembcorp Industries | Buy
Target price: S$3.29
Sept 27 close: S$2.55
UOB KayHian Research, Sept 23
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BREAKING NEWS.
The low contract win rate going forward will keep Sembcorp Industries' (SCI) marine earnings low. We expect annual contract wins of S$1.5 billion over 2016-18 and are forecasting earnings of S$100 million to S$120 million for 2017-18. Contributions from this segment will likely shrink from 50-plus per cent to about 20 per cent in the future, dwarfed by SCI' s utilities earnings. As SCI secures more awards for power projects, it is becoming more of a utilities company, with marine earnings on the side.
Taking current market prices of SCI and Sembcorp Marine (SMM), the implied non-marine business is trading at 8.5 times 2015 price-earnings ratio (PE). This is a 20 per cent discount to its long-term historical PE mean of 10.6 times. Even over the 2013-15 period which saw Singapore utility earnings decline 35 per cent, the non-marine business continued to trade at above 9.0 times historical PE. With Singapore utilities earnings bottomed out, the current discount appears unwarranted.
Our sum-of-the-parts (SOTP) valuation of the non-marine business is S$2.38. The difference between SCI' s and SMM' s last share prices implies a S$1.79/share valuation for the non-marine business, implying 8.3 times one-year forward PE. Reversing the logic, the difference between SCI' s current share price and our SOTP valuation for the non-marine business implies SMM at a valuation of S$0.29/share, or 0.23 times current price-to-book ratio. |
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sun233 ( Date: 28-Sep-2016 07:58) Posted:
BREAKING NEWS.
The low contract win rate going forward will keep Sembcorp Industries' (SCI) marine earnings low. We expect annual contract wins of S$1.5 billion over 2016-18 and are forecasting earnings of S$100 million to S$120 million for 2017-18. Contributions from this segment will likely shrink from 50-plus per cent to about 20 per cent in the future, dwarfed by SCI' s utilities earnings. As SCI secures more awards for power projects, it is becoming more of a utilities company, with marine earnings on the side.
Taking current market prices of SCI and Sembcorp Marine (SMM), the implied non-marine business is trading at 8.5 times 2015 price-earnings ratio (PE). This is a 20 per cent discount to its long-term historical PE mean of 10.6 times. Even over the 2013-15 period which saw Singapore utility earnings decline 35 per cent, the non-marine business continued to trade at above 9.0 times historical PE. With Singapore utilities earnings bottomed out, the current discount appears unwarranted.
Our sum-of-the-parts (SOTP) valuation of the non-marine business is S$2.38. The difference between SCI' s and SMM' s last share prices implies a S$1.79/share valuation for the non-marine business, implying 8.3 times one-year forward PE. Reversing the logic, the difference between SCI' s current share price and our SOTP valuation for the non-marine business implies SMM at a valuation of S$0.29/share, or 0.23 times current price-to-book ratio.
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BREAKING NEWS.
The low contract win rate going forward will keep Sembcorp Industries' (SCI) marine earnings low. We expect annual contract wins of S$1.5 billion over 2016-18 and are forecasting earnings of S$100 million to S$120 million for 2017-18. Contributions from this segment will likely shrink from 50-plus per cent to about 20 per cent in the future, dwarfed by SCI' s utilities earnings. As SCI secures more awards for power projects, it is becoming more of a utilities company, with marine earnings on the side.
Taking current market prices of SCI and Sembcorp Marine (SMM), the implied non-marine business is trading at 8.5 times 2015 price-earnings ratio (PE). This is a 20 per cent discount to its long-term historical PE mean of 10.6 times. Even over the 2013-15 period which saw Singapore utility earnings decline 35 per cent, the non-marine business continued to trade at above 9.0 times historical PE. With Singapore utilities earnings bottomed out, the current discount appears unwarranted.
Our sum-of-the-parts (SOTP) valuation of the non-marine business is S$2.38. The difference between SCI' s and SMM' s last share prices implies a S$1.79/share valuation for the non-marine business, implying 8.3 times one-year forward PE. Reversing the logic, the difference between SCI' s current share price and our SOTP valuation for the non-marine business implies SMM at a valuation of S$0.29/share, or 0.23 times current price-to-book ratio.
cos its still quite sick....
whysoserious ( Date: 26-Sep-2016 15:25) Posted:
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wow everyday down
Yup Temasek is a consolation. This appeared in Business Times today...........what is more beaten down thanoil related plays.
Another consequence of the extension of the low-interest rates era is that the pace of mergers and acquisitions (M& A) has picked up again, particularly in some of the beaten-down sectors, where companies are forced to consolidate in order to survive through economies of scale.
NoRiskNoGain ( Date: 25-Sep-2016 11:57) Posted:
Anyw for sembcorp, buying at low 2 will be gd. Buying their story of global expansion of clean energy and ulilites minus the marine business. If management is successful in navigating however also note on their debt getting higher. Only consolation is temasek holding 49%
Battle123 ( Date: 24-Sep-2016 22:23) Posted:
Ya la , ocbc and uob said buy buy but the price cannot go up. Can believe the analyst s ??
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Anyw for sembcorp, buying at low 2 will be gd. Buying their story of global expansion of clean energy and ulilites minus the marine business. If management is successful in navigating however also note on their debt getting higher. Only consolation is temasek holding 49%
Battle123 ( Date: 24-Sep-2016 22:23) Posted:
Ya la , ocbc and uob said buy buy but the price cannot go up. Can believe the analyst s ??
sun233 ( Date: 24-Sep-2016 12:57) Posted:
No, I/we don' t believe analyst' s but what is written about their business and the driving force of the business is worth noting. That said last night Dow down especially since these Saudi' s cannot get their act together. I' m afraid more downside. Sigh .....just have to hold on a bit longer.
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Ya la , ocbc and uob said buy buy but the price cannot go up. Can believe the analyst s ??
sun233 ( Date: 24-Sep-2016 12:57) Posted:
No, I/we don' t believe analyst' s but what is written about their business and the driving force of the business is worth noting. That said last night Dow down especially since these Saudi' s cannot get their act together. I' m afraid more downside. Sigh .....just have to hold on a bit longer.
NoRiskNoGain ( Date: 24-Sep-2016 11:28) Posted:
| U all really believe the analysts meh?? All flip prata one and with agendas one. The price keep dropping this is the real thin |
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Years ago , Keppel was intrumental to take over Jurong shipyard !
During bad times mergers and aquisitions likely to take place. We just have to keep our ears to the ground and wait. Keppel' s big buys last and this year has tied their hands somewhat. I' m hoping they take over Dyna Mac And Sembcorp Ind merge and streamline their other operations.
No, I/we don' t believe analyst' s but what is written about their business and the driving force of the business is worth noting. That said last night Dow down especially since these Saudi' s cannot get their act together. I' m afraid more downside. Sigh .....just have to hold on a bit longer.
NoRiskNoGain ( Date: 24-Sep-2016 11:28) Posted:
U all really believe the analysts meh?? All flip prata one and with agendas one. The price keep dropping this is the real thing
serious ( Date: 23-Sep-2016 23:16) Posted:
22/09/16
UOB KAYHIAN
Our analysis of SCI&rsquo s implied valuation for
its non-marine business finds that it is
trading at a 20% discount below its long-term
historical mean. Additionally, implied
prices for both its businesses are either pri
ced for distress, or at a sharp discount to
regional peers. The market has overly discounted headwinds in the business and an
opportunity exists to accumulate. We also update on a minor hiccup in its India
operations and trim 2016 earnings by 1%. Maintain BUY with a lower target price of
S$3.29.
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U all really believe the analysts meh?? All flip prata one and with agendas one. The price keep dropping this is the real thing
serious ( Date: 23-Sep-2016 23:16) Posted:
22/09/16
UOB KAYHIAN
Our analysis of SCI&rsquo s implied valuation for
its non-marine business finds that it is
trading at a 20% discount below its long-term
historical mean. Additionally, implied
prices for both its businesses are either pri
ced for distress, or at a sharp discount to
regional peers. The market has overly discounted headwinds in the business and an
opportunity exists to accumulate. We also update on a minor hiccup in its India
operations and trim 2016 earnings by 1%. Maintain BUY with a lower target price of
S$3.29.
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22/09/16
UOB KAYHIAN
Our analysis of SCI&rsquo s implied valuation for
its non-marine business finds that it is
trading at a 20% discount below its long-term
historical mean. Additionally, implied
prices for both its businesses are either pri
ced for distress, or at a sharp discount to
regional peers. The market has overly discounted headwinds in the business and an
opportunity exists to accumulate. We also update on a minor hiccup in its India
operations and trim 2016 earnings by 1%. Maintain BUY with a lower target price of
S$3.29.
My concern is there despite analysts giving a buy call. Anyw anaylsts words xhange very fast. I do hope they sell their marine business to KC and just concentrate on their main business. Best scenario
sun233 ( Date: 23-Sep-2016 21:56) Posted:
For your info.
Can Sembcorp keep its head above water amid Sembcorp Marine&rsquo s weak H1 performance?
It&rsquo s counting on its utilities arm to buoy profits.
Sembcorp Industries&rsquo utilities unit will take the center stage going forward, as analysts believe the segment will drive earnings growth and cushion the blow from the marine segment&rsquo s sustained weakness.
According to a report by RHB, the company&rsquo s utilities segment continues to be its primary growth driver.
&ldquo We expect its India thermal power business to do better in 2H16 from a better plant load factor as well as the commencement of two short-term power purchase agreements (PPAs),&rdquo RHB noted.
&ldquo Commercial operations date (COD) of the 660 megawatt (MW) Unit 3 and Unit 4 will be in 2H16. The company is also actively looking for long-term PPAs,&rdquo it added.
NoRiskNoGain ( Date: 23-Sep-2016 20:56) Posted:
| I beg to differ. Their utilities segment had been hit badly on the local front too. Plus the news that their india plant stop work due to some issue (cant rem) and the once profitable business marine. Their only hope is expanding overseas utilites/clean energy but it come w a risk too due to different laws.
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