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6001-6020 of 6385
SCM is looking more & more like a classic example of 浴 火 重 生 or in canto speak 咸 鱼 翻 身 . Well done. 🧧 💰
Joelton ( Date: 31-Mar-2023 08:39) Posted:
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Should change name to Yishun Corp
eugesun ( Date: 31-Mar-2023 10:37) Posted:
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BUY call from Lim Siew Khee- CIMB.........Dated 31 March 2023
She is the MD, Deputy Group Head Of Research & Head of research..
Been following her for quite numbers of years and 85% accurate on her research.
Her target on SMM $0.190
She is the MD, Deputy Group Head Of Research & Head of research..
Been following her for quite numbers of years and 85% accurate on her research.
Her target on SMM $0.190
huat ah:))))))))))))
Huataarrhh ( Date: 31-Mar-2023 10:40) Posted:
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CIMB report today
We estimate SMM&rsquo s current order book stands at c.S$23bn (vs. Feb 23&rsquo s S$18bn) with contracts for offshore HVDC electrical transmission systems. ■ Work will progressively begin in 3Q24F with delivery from 4Q29F to 2031F. We estimate material revenue recognition in FY25F and lift our EPS by 10%. ■ We also raise our order win expectations to S$7bn for FY23F and S$4bn each for FY24F and FY25F (previously S$3bn p.a.). ■ We raise our TP to S$0.19, now based on 1.5x CY23F P/BV (previously 1x), based on its 7-year average trading valuation. Reiterate Add.
We estimate SMM&rsquo s current order book stands at c.S$23bn (vs. Feb 23&rsquo s S$18bn) with contracts for offshore HVDC electrical transmission systems. ■ Work will progressively begin in 3Q24F with delivery from 4Q29F to 2031F. We estimate material revenue recognition in FY25F and lift our EPS by 10%. ■ We also raise our order win expectations to S$7bn for FY23F and S$4bn each for FY24F and FY25F (previously S$3bn p.a.). ■ We raise our TP to S$0.19, now based on 1.5x CY23F P/BV (previously 1x), based on its 7-year average trading valuation. Reiterate Add.
I am at yishun now...lol..
naoshingo ( Date: 31-Mar-2023 10:29) Posted:
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just for clarity, is this landmark contract won by a Sembmarine company or a Keppel Offshore Marine company?
Joelton ( Date: 31-Mar-2023 08:39) Posted:
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Sembawang Brothers go Yishun 😜 😜
newbie19 ( Date: 31-Mar-2023 10:13) Posted:
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went in 29th march at 112 and yesterday after the unhalt at 118, hopefully today' s got window dressing as being last day of 1q.
i m sanguine on the future of this local conglomerate.
i m sanguine on the future of this local conglomerate.
Go where?
naoshingo ( Date: 31-Mar-2023 10:11) Posted:
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Go Industries! Go Marine!
naoshingo ( Date: 31-Mar-2023 10:01) Posted:
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Go Sembawang Brothers! Go!!!
30 cents....huat ah...buy buy buy....reverse split to 30 dollars....
datadatadata ( Date: 31-Mar-2023 09:49) Posted:
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I am not sure you are aware of the scale of this project. We are talking about colloborating with a US$80B company and in a Renewable Energy frontier. Just look at all the STI counters, none of them has anything close to this strategic initiative going. At best, most of them only have plans to increase investment on the same old initiative with some tweaks and kept grinding the mill for more output.
However, for SMM this is a huge initiative that outrun all their competitor , even the larger counters like SIA, DBS and Singtel fail to reinvent themselves.
Bottomline is: Watch SMM closely for a big surge well beyond what we have seen in recent times. And even more to come in the years to come with such great strategic move.
However, for SMM this is a huge initiative that outrun all their competitor , even the larger counters like SIA, DBS and Singtel fail to reinvent themselves.
Bottomline is: Watch SMM closely for a big surge well beyond what we have seen in recent times. And even more to come in the years to come with such great strategic move.
commando ( Date: 31-Mar-2023 08:45) Posted:
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Estimated to add another 5B to the order book, so total 17B or 18B + 5B= 22 to 23B SGD
Eagle88 ( Date: 30-Mar-2023 22:38) Posted:
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Sell on news?
Joelton ( Date: 31-Mar-2023 08:39) Posted:
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Sembmarine consortium bags 6 billion euros in contracts for offshore renewables project
SEMBCORP Marine (Sembmarine) and its consortium partner GE Renewable Energy&rsquo s Grid Solutions have jointly secured a framework cooperation agreement (FCA) from Dutch transmission system operator TenneT.
The FCA covers a period of five years with the option to extend for another three years.
It comprises three contracts to supply high voltage direct current (HDVC) electrical transmission systems for three mega offshore wind farm projects, for a combined capacity of 6 GW in the Netherlands, as part of TenneT&rsquo s offshore grid acceleration programme.
Each of the contracts is valued at about two billion euros (S$2.9 billion), said Sembmarine on Thursday (Mar 30).
Under Sembmarine&rsquo s scope of work, the group will oversee the engineering, procurement, construction, transportation, installation and commissioning of three 2 GW HVDC offshore converter platforms.
These platforms will be progressively installed to serve TenneT&rsquo s three offshore wind farm projects, namely: IJmuiden Ver Beta, IJmuiden Ver Gamma, and Nederwiek 2 grid connections.
Both IJmuiden Ver projects are located about 62 km off the coast of the Netherlands, while the Nederwiek project is about 95 km off the coast.
Construction of each of the three offshore converter platforms will comprise a 25,500-tonne topside and a 9,500-tonne jacket foundation structure, with works to commence from the third quarter of 2024 at Sembmarine&rsquo s yards in Singapore and Batam, Indonesia.
Sembmarine&rsquo s wholly-owned subsidiary in the UK will perform offshore hook-up and commissioning, including the provision of logistics and warranty support from its base there, as well as the establishment of a European office in the Netherlands.
Completion of the platforms is expected to take place sometime from Q4 2029 to 2031.
The latest contract award represents the third HVDC offshore platform project to be delivered by Sembmarine. It also marks the largest offshore renewables project to be secured by the group to date.
&ldquo Offshore renewables is an important pillar of our business and we will continue to develop cleaner, greener and renewable solutions across our entire business value chain in the offshore, marine and energy sectors,&rdquo commented Chris Ong, chief executive of Sembmarine.
Singapore, 29 March 2023 ? Sembcorp Marine Ltd (the ?Company?) refers to the announcement it made on 24 March 2023, and would like to update that it has clarified with the Comptroller General of the Union (?CGU?) that the preliminary administrative proceedings for investigations commenced by CGU against its Brazilian subsidiary Estaleiro Jurong Aracruz Ltda. (?EJA?).
The proceedings relate generally to past conduct investigated by the Brazilian authorities in connection with Operation Car Wash, of which the Company has previously made announcements, the latest being the Circular to shareholders dated 31 January 2023.
Further, the CGU has not brought any civil or administrative charges against the Company or its subsidiaries. The Company will continue to cooperate and work with the Brazilian authorities.
The Company will continue to monitor developments in Brazil with respect to the above, and will make appropriate announcements in the event of any material developments
The proceedings relate generally to past conduct investigated by the Brazilian authorities in connection with Operation Car Wash, of which the Company has previously made announcements, the latest being the Circular to shareholders dated 31 January 2023.
Further, the CGU has not brought any civil or administrative charges against the Company or its subsidiaries. The Company will continue to cooperate and work with the Brazilian authorities.
The Company will continue to monitor developments in Brazil with respect to the above, and will make appropriate announcements in the event of any material developments
desmodeus ( Date: 31-Mar-2023 08:03) Posted:
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wait for brazil case clarity
Sembcorp Marine - New benchmark*
■ We estimate SMM?s current order book stands at c.S$23bn (vs. Feb 23?s S$18bn) with contracts for offshore HVDC electrical transmission systems.
■ Work will progressively begin in 3Q24F with delivery from 4Q29F to 2031F. We estimate material revenue recognition in FY25F and lift our EPS by 10%.
■ We also raise our order win expectations to S$7bn for FY23F and S$4bn each for FY24F and FY25F (previously S$3bn p.a.).
■ We raise our TP to S$0.19, now based on 1.5x CY23F P/BV (previously 1x), based on its 7-year average trading valuation. Reiterate Add.
■ We estimate SMM?s current order book stands at c.S$23bn (vs. Feb 23?s S$18bn) with contracts for offshore HVDC electrical transmission systems.
■ Work will progressively begin in 3Q24F with delivery from 4Q29F to 2031F. We estimate material revenue recognition in FY25F and lift our EPS by 10%.
■ We also raise our order win expectations to S$7bn for FY23F and S$4bn each for FY24F and FY25F (previously S$3bn p.a.).
■ We raise our TP to S$0.19, now based on 1.5x CY23F P/BV (previously 1x), based on its 7-year average trading valuation. Reiterate Add.