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SembCorp Marine- The new Frontier.

We have tried our best with sold Technical and Fundamental Analysis, but not many are convinced even though we even have to resort to write in Chinese to convince. After the contra day on Tuesday, I think the dust will settle nicely

stanleytay      ( Date: 15-Nov-2021 11:13) Posted: Change tune like change his underwear. Haha share456      ( Date: 15-Nov-2021 10:17) Posted: since keppel loses the bidding to buy sph, keppel should use the money to buy over SCM. how much should kepel pay for SCM ? 20 cents enough ?

 

Need contract win annoucement

1 contract win = 10 series
2 contract win = 11 series
3 contract win = 12 series
 

 

Change tune like change his underwear. Haha

share456      ( Date: 15-Nov-2021 10:17) Posted: since keppel loses the bidding to buy sph, keppel should use the money to buy over SCM. how much should kepel pay for SCM ? 20 cents enough ?

 

Have la.......all the while got 2 school of thoughts here - very opposing ones.
One think price will dive, the other think will fly.

TigerPlay      ( Date: 15-Nov-2021 10:42) Posted: This counter Feng Shui change liaow, can see BB interest laiow. Why no one guess it will go to 8.7cts after TH MGO lapse leh...all tot crash below 8cts as TH support gone....how wrong we can get hor

 

This counter Feng Shui change liaow, can see BB interest laiow. Why no one guess it will go to 8.7cts after TH MGO lapse leh...all tot crash below 8cts as TH support gone....how wrong we can get hor

 

since keppel loses the bidding to buy sph, keppel should use the money to buy over SCM.

how much should kepel pay for SCM ?
20 cents enough ?
 

 

Watch volumes, if it picks.up we will fly by close today

 

Both SMA20 AND SMA50 are .081 a crossover likely today.

 

 

With the past, present and future of SCM is now fully disclosed to all, and with all major analyst reports out, the vibes for this counter is very positive. So what next?

If you have been monitoring the large funds for the past 8 years or so, when prices they held climbed to $4+, and their actions to parry off their stakes when O& M business tumble since then (fourtunately), many are still saddled with prices around 28 cents (even with all the tactical buy at each Corporate Action milestones).

As my opening statement sums the situation, they will be on full attack mode from now till end of year to both bring their position to a stronger level and also to show some positive results for the funds they manage (by end of the year).

Let' s focus on the action this week as we work towards strengthening our portfolio.

 

Let's hope the contra selling on Monday and Tuesday can be absorbed.

MANFREDTMK      ( Date: 14-Nov-2021 21:38) Posted: Only this time round, the fundamentals have changed drastically, rising oil prices which translate to higher demand for oil rig and Green Energy, the buzz word of the century as world leaders are now more committed than ever to save the Earth in order to Save themselves. The twin engines are firing from all pistons. The worse is over, there is no turning back. I think 🤔 only, may be wrong better      ( Date: 14-Nov-2021 19:56) Posted: Thank goodness, you are finally starting to get it. Just like SIA post rights. $3 to... and more. Green is the new gold

 

Only this time round, the fundamentals have changed drastically, rising oil prices which translate to higher demand for oil rig and Green Energy, the buzz word of the century as world leaders are now more committed than ever to save the Earth in order to Save themselves. The twin engines are firing from all pistons. The worse is over, there is no turning back. I think 🤔 only, may be wrong

better      ( Date: 14-Nov-2021 19:56) Posted: Thank goodness, you are finally starting to get it. Just like SIA post rights. $3 to... and more. Green is the new gold. share456      ( Date: 14-Nov-2021 19:49) Posted: SCM price is expected to go higher as it incur more losses and right issues. With no contract win, the share price will soar higher. With late delivery and shortage of workers, projects will become more profitable.

 

well positioned from sinking to bottom
traditional oil demand is lagging post-covid recovery due to confluence of rational optimists and naysayers. So a  good bet for the rising tide, hope to see 10cts soon 

ICXGOLD      ( Date: 14-Nov-2021 19:17) Posted: STRAITS TIMES SembMarine poised for recovery, expects losses in 2nd half SINGAPORE- SembCorp Marine (SCM) said it is positioned for growth and recovery as overall new order visibility across all business segments have improved, although it expects losses to continue in the second half of the financial year. In a third-quarter business update released late last week, SCM noted that following the completion of its $1.5 billion rights issue in September, it now enjoys an "enhanced" liquidity position with a strengthened balance sheet and has sufficient funding until at least end-2022. Meanwhile, the company continues to work on its projects in the energy sector, spanning both traditional and renewable segments. Projects that were successfully delivered include the integration of offshore vessel Vito's topside with its hull at SCM's flagship Tuas Boulevard Yard, LNG vessel refits for various customers, and naval repairs for vessels of the Singapore and United States navies. On the renewable energy front, the company said its wind farm projects were going well, with new order flow potential in sight. "The group continues to focus on the safe and timely execution of its existing order book as at end 3Q 2021 of over S$1.42 billion, including S$0.18 billion of ongoing repairs and upgrades for delivery in 2022," it said. "Of the group's 16 projects under execution, two are scheduled for completion in FY2021 and another 12 in FY2022. The remaining two will progressively be completed by 2025." Still, the company expects significant losses to continue in the second half of 2021, due to a severe supply chain crunch and acute manpower shortage resulting from Covid-19 pandemic. But it added that it was "positioned for recovery underpinned by ongoing strategic diversification and expansion into the clean energy sector". As for its financials, SCM said that following the rights issue, it has repaid a $430 million loan facility. "The group continues to work with external consultants to develop a holistic performance improvement plan to further drive operational improvements and optimise its cost structure," it added. As at end-September, the group's net debt to equity stands at 0.40 times. SCM's stock rose to close at at 8.5 cents, a two month high, last Friday. UOB Kay Hian put out a "buy" on the counter last week, citing improving outlook. "While the company continues to guide for a poor 2H21, this should not be news to the market," said UOB Kay Hian in a report. The brokerage noted that SCM's third-quarter update showed "a number of positives". Meanwhile, Temasek Holdings has increased its stake in SCM to 54.6 per cent after triggering a mandatory general offer, portending a potential merger with Keppel Group's financially stronger offshore and marine division.

 

Thank goodness, you are finally starting to get it. Just like SIA post rights. $3 to... and more. Green is the new gold.

share456      ( Date: 14-Nov-2021 19:49) Posted: SCM price is expected to go higher as it incur more losses and right issues. With no contract win, the share price will soar higher. With late delivery and shortage of workers, projects will become more profitable.

 

SCM price is expected to go higher as it incur more losses and right issues.
With no contract win, the share price will soar higher.
With late delivery and shortage of workers, projects will become more profitable.
 

 

STRAITS TIMES SembMarine poised for recovery, expects losses in 2nd half SINGAPORE- SembCorp Marine (SCM) said it is positioned for growth and recovery as overall new order visibility across all business segments have improved, although it expects losses to continue in the second half of the financial year. In a third-quarter business update released late last week, SCM noted that following the completion of its $1.5 billion rights issue in September, it now enjoys an "enhanced" liquidity position with a strengthened balance sheet and has sufficient funding until at least end-2022. Meanwhile, the company continues to work on its projects in the energy sector, spanning both traditional and renewable segments. Projects that were successfully delivered include the integration of offshore vessel Vito's topside with its hull at SCM's flagship Tuas Boulevard Yard, LNG vessel refits for various customers, and naval repairs for vessels of the Singapore and United States navies. On the renewable energy front, the company said its wind farm projects were going well, with new order flow potential in sight. "The group continues to focus on the safe and timely execution of its existing order book as at end 3Q 2021 of over S$1.42 billion, including S$0.18 billion of ongoing repairs and upgrades for delivery in 2022," it said. "Of the group's 16 projects under execution, two are scheduled for completion in FY2021 and another 12 in FY2022. The remaining two will progressively be completed by 2025." Still, the company expects significant losses to continue in the second half of 2021, due to a severe supply chain crunch and acute manpower shortage resulting from Covid-19 pandemic. But it added that it was "positioned for recovery underpinned by ongoing strategic diversification and expansion into the clean energy sector". As for its financials, SCM said that following the rights issue, it has repaid a $430 million loan facility. "The group continues to work with external consultants to develop a holistic performance improvement plan to further drive operational improvements and optimise its cost structure," it added. As at end-September, the group's net debt to equity stands at 0.40 times. SCM's stock rose to close at at 8.5 cents, a two month high, last Friday. UOB Kay Hian put out a "buy" on the counter last week, citing improving outlook. "While the company continues to guide for a poor 2H21, this should not be news to the market," said UOB Kay Hian in a report. The brokerage noted that SCM's third-quarter update showed "a number of positives". Meanwhile, Temasek Holdings has increased its stake in SCM to 54.6 per cent after triggering a mandatory general offer, portending a potential merger with Keppel Group's financially stronger offshore and marine division.

 

This is exactly what I said weeks before:

NO MORE FUNDS RAISING THROUGH RIGHTS.

TP 0.095 before Xmas
Contract news and merger rumours / news. Re rating.

TP 0.124 before CNY.

Note: IFA recommended 0.124 to 0.14.

beng1102      ( Date: 14-Nov-2021 15:47) Posted: Opening price for tomorrow, 8.88c.  lol. blackpearl      ( Date: 14-Nov-2021 15:19) Posted: An improved financial position post S$1.5b capital raising. On the analyst call, SMM&rsquo s management commented that it has a relatively strong liquidity position with its gearing at 0.4x as at end-3Q21. Importantly, the capital raising proceeds can be used more ably to execute and complete the projects as well as for working capital needs for new orders and projects. SMM management would not be drawn on its views of its funding needs post- 2022, but did state that it does not expect any more capital raisings given that its banks can see that the overall industry is improving and that SMM is transitioning well into renewables. Update on merger process with Keppel Corp (KEP SP, BUY, target price S$6.74). SMM&rsquo s management stated that while mutual due diligence has commenced, it was not able to give a definitive timeline as to when it will be completed. It said that both it and Keppel Corp (KEP) are working towards the merger with the intention to complete it &ldquo sooner rather than later&rdquo .

 

Opening price for tomorrow, 8.88c.  lol.

blackpearl      ( Date: 14-Nov-2021 15:19) Posted: An improved financial position post S$1.5b capital raising. On the analyst call, SMM&rsquo s management commented that it has a relatively strong liquidity position with its gearing at 0.4x as at end-3Q21. Importantly, the capital raising proceeds can be used more ably to execute and complete the projects as well as for working capital needs for new orders and projects. SMM management would not be drawn on its views of its funding needs post- 2022, but did state that it does not expect any more capital raisings given that its banks can see that the overall industry is improving and that SMM is transitioning well into renewables. Update on merger process with Keppel Corp (KEP SP, BUY, target price S$6.74). SMM&rsquo s management stated that while mutual due diligence has commenced, it was not able to give a definitive timeline as to when it will be completed. It said that both it and Keppel Corp (KEP) are working towards the merger with the intention to complete it &ldquo sooner rather than later&rdquo .

 

• An improved financial position post S$1.5b capital raising. On the analyst call, SMM&rsquo s management commented that it has a relatively strong liquidity position with its gearing at 0.4x as at end-3Q21. Importantly, the capital raising proceeds can be used more ably to execute and complete the projects as well as for working capital needs for new orders and projects. SMM management would not be drawn on its views of its funding needs post- 2022, but did state that it does not expect any more capital raisings given that its banks can see that the overall industry is improving and that SMM is transitioning well into renewables.
• Update on merger process with Keppel Corp (KEP SP, BUY, target price S$6.74). SMM&rsquo s management stated that while mutual due diligence has commenced, it was not able to give a definitive timeline as to when it will be completed. It said that both it and Keppel Corp (KEP) are working towards the merger with the intention to complete it &ldquo sooner rather than later&rdquo .