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SembM Re-Born Rich

Wondering the same. Also couldnt find any news about this operation car wash?

Stocky901      ( Date: 29-Mar-2023 08:49) Posted: This is good news or bad news? slingshotpro      ( Date: 29-Mar-2023 07:20) Posted: 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

 

This is good news or bad news?

slingshotpro      ( Date: 29-Mar-2023 07:20) Posted: 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

 

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

 

Wait for another 3 to 6 months...let the dust settle first..

ahbui8      ( Date: 28-Mar-2023 17:06) Posted: Will below 0.11 be history?

 

Will below 0.11 be history?

 

Sad...不 知 害 死 多 少 人
DBS upgrades Ezion to ' buy' raises target price to S$1.00
Ezion remains our preferred O& G pick. We reiterate our BUY call
on Ezion, TP is unchanged at S$1.00
Recommendation
Reiterate our BUY call on Ezion, TP is intact at S$1.00,
pegged to 0.8x FY15 P/BV. Re-rating catalysts stem from
earnings recovery with the resumption of service rigs currently
under repair/upgrades in 1H16, delivery of newbuild liftboats,
and successful diversification of customer base to win new
charter contracts while minimising rate reduction pressure
from O& G customers. 
file:///C:/Users/joanh/Downloads/EZI_SP_EQUITY_57_14012016.pdf

You might be interested to know ...
JP Morgan had S$2.75 target for Ezion
DBS had S$3.03 target for Ezion

naoshingo      ( Date: 28-Mar-2023 15:11) Posted: I recalled last time DBS had a buy call on Ezion, think is 20c. Then next few months....Ezion close shop... Stocky901      ( Date: 28-Mar-2023 10:49) Posted: May follow Ezion, the sinking boat abandoned by temasak? 😪

 

call it the suicide squad ezion, rather closed shop then benefiting from the oil run, when 30/- per hundred barrel still kicking alive and more than 70/- decided to close it, what a shocking mgmt, caused many investors to lose, nobody will forget the mgmt team

naoshingo      ( Date: 28-Mar-2023 15:11) Posted: I recalled last time DBS had a buy call on Ezion, think is 20c. Then next few months....Ezion close shop... Stocky901      ( Date: 28-Mar-2023 10:49) Posted: May follow Ezion, the sinking boat abandoned by temasak? 😪

 

Once bitten twice shy...

Stocky901      ( Date: 28-Mar-2023 15:30) Posted: Temasak was the first one to run..😪 😪 naoshingo      ( Date: 28-Mar-2023 15:11) Posted: I recalled last time DBS had a buy call on Ezion, think is 20c. Then next few months....Ezion close shop..

 

Temasak was the first one to run..😪 😪

naoshingo      ( Date: 28-Mar-2023 15:11) Posted: I recalled last time DBS had a buy call on Ezion, think is 20c. Then next few months....Ezion close shop... Stocky901      ( Date: 28-Mar-2023 10:49) Posted: May follow Ezion, the sinking boat abandoned by temasak? 😪

 

I recalled last time DBS had a buy call on Ezion, think is 20c. Then next few months....Ezion close shop...

Stocky901      ( Date: 28-Mar-2023 10:49) Posted: May follow Ezion, the sinking boat abandoned by temasak? 😪 Red_Bean      ( Date: 28-Mar-2023 10:30) Posted: Don' t take things for granted expecting Temasek to rescue all sinking boats. See what happened to NXX, SXX... There are too many variables involved to make any meaningful predictions. Considering the weak fundamentals, negative net Current Assets (Current Assets minus Current Liabilities).... 1.2 x NAV (7 cents) Chin Ho Liao 7 cents x 1.2= 8.4 cents

 

DBS TP 14 cents
CIMB TP 12 cents
UOB KH 15.6 cents
----------------------
AVERAGE TP : 13.9 CENTS

FrancisLim      ( Date: 28-Mar-2023 12:54) Posted: DBS TP 14 cents. CIMB TP 12 cents It fells from 15 cents to 10.2 cents. Hope it rebounds to 11 plus cents

 

Back to 113 soon. ✌ ️

 

Diam lah

share456      ( Date: 28-Mar-2023 10:48) Posted: It is confrimed from DBS report that SCM will be in losses for 2023 and be profitable by 2024. It means SCM needs 3rd right issue for 2024/2025. Huataarrhh      ( Date: 28-Mar-2023 09:12) Posted: DBS reinistate coverage today Sembcorp Marine (SMM) < Reinstating coverage> Restructure, Revive, Renew Yard merger creates a global champion with world-class facilities and engineering capabilities Well positioned to tap into rising demand for both conventional and clean energy solutions Armed with strengthened balance sheet, we expect revenue and cost synergies post integration to drive earnings turnaround by FY24 Reinstate coverage with BUY TP S$0.14

 

Laughing 😃 😀 😄 😁 🤣 , you are right...

beetlejuice      ( Date: 28-Mar-2023 13:19) Posted: Maybe person who keeps harping abt issue rights is a visitor from Earth-838 but didn't know he is now on Earth-616. Alamak... 😬 🃏 Eagle88      ( Date: 28-Mar-2023 12:58) Posted: So why need to have another rights issue ? NO NEED. That' s why DBS asks to BUY and NOT asks to Sell !!

 

Maybe person who keeps harping abt issue rights is a visitor from Earth-838 but didn't know he is now on Earth-616. Alamak... 😬 🃏

Eagle88      ( Date: 28-Mar-2023 12:58) Posted: So why need to have another rights issue ? NO NEED. That' s why DBS asks to BUY and NOT asks to Sell !!! Eagle88      ( Date: 28-Mar-2023 12:52) Posted: Quoted from DBS Insights Direct... " Augmented balance sheet. Net gearing has improved dramatically from c.2x in 2019 to 0.3x as of end-2022 after two rounds of rights issue exercises. Of the S$3.3bn in outstanding debt, 40% was attributable to a deferred payment for Borr Drilling and Transocean. Stripping these out, net debt would be negligible. The current projects on hand are mostly cash flow neutral, and hence we do not expect a significant increase in its cash flow requirement. " So why need to have right issue?

 

Use the average of all the TPs and will get a good one. 

FrancisLim      ( Date: 28-Mar-2023 12:54) Posted: DBS TP 14 cents. CIMB TP 12 cents It fells from 15 cents to 10.2 cents. Hope it rebounds to 11 plus cents

 

So why need to have another rights issue ? NO NEED. That' s why DBS asks to BUY and NOT asks to Sell !!!

Eagle88      ( Date: 28-Mar-2023 12:52) Posted: Quoted from DBS Insights Direct... " Augmented balance sheet. Net gearing has improved dramatically from c.2x in 2019 to 0.3x as of end-2022 after two rounds of rights issue exercises. Of the S$3.3bn in outstanding debt, 40% was attributable to a deferred payment for Borr Drilling and Transocean. Stripping these out, net debt would be negligible. The current projects on hand are mostly cash flow neutral, and hence we do not expect a significant increase in its cash flow requirement. " So why need to have right issue?

 

DBS TP 14 cents. CIMB TP 12 cents
It fells from 15 cents to 10.2 cents.

Hope it rebounds to 11 plus cents

 

Quoted from DBS Insights Direct...

" Augmented balance sheet. Net gearing has improved dramatically from c.2x in 2019 to 0.3x as of end-2022 after two rounds of rights issue exercises. Of the S$3.3bn in outstanding debt, 40% was attributable to a deferred payment for Borr Drilling and Transocean. Stripping these out, net debt would be negligible. The current projects on hand are mostly cash flow neutral, and hence we do not expect a significant increase in its cash flow requirement. "

So why need to have right issue?

 

 

But everyone can & dare to DECLARE they wanna short but their actual actions almost always fall way short of what they DECLARED. 😬 🃏

Eagle88      ( Date: 28-Mar-2023 11:58) Posted: Not every one can short or dare to short !!! newbie19      ( Date: 28-Mar-2023 11:29) Posted: You asked him a very good question..🤣 🤣 🤣 👍 👍