Closing today may be 110 or above.
Eagle88 ( Date: 27-Mar-2023 11:23) Posted:
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SMM has announced the strategic review and if recent playbooks are a reminder such as that of SPH, it will take few months at the very least
vicloo ( Date: 27-Mar-2023 05:49) Posted:
Old news since early March. Now we need Chris to announce the restructuring plan and hopefully a new name for the company.
Eagle88 ( Date: 26-Mar-2023 23:34) Posted:
| Sembcorp Marine undertaking strategic review post Keppel Offshore & Marine acquisition
Priorities include returning to profitability ASAP and delivering the enlarged entity?s multi-billion-dollar order boo |
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Old news since early March. Now we need Chris to announce the restructuring plan and hopefully a new name for the company.
Eagle88 ( Date: 26-Mar-2023 23:34) Posted:
Sembcorp Marine undertaking strategic review post Keppel Offshore & Marine acquisition
Priorities include returning to profitability ASAP and delivering the enlarged entity?s multi-billion-dollar order book
Eagle88 ( Date: 26-Mar-2023 23:32) Posted:
| https://www.upstreamonline.com/finance/sembcorp-marine-undertaking-strategic-review-post-keppel-offshore-marine-acquisition/2-1-1412499 |
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Sembcorp Marine undertaking strategic review post Keppel Offshore & Marine acquisition
Priorities include returning to profitability ASAP and delivering the enlarged entity?s multi-billion-dollar order book
Eagle88 ( Date: 26-Mar-2023 23:32) Posted:
| https://www.upstreamonline.com/finance/sembcorp-marine-undertaking-strategic-review-post-keppel-offshore-marine-acquisition/2-1-1412499 |
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https://www.upstreamonline.com/finance/sembcorp-marine-undertaking-strategic-review-post-keppel-offshore-marine-acquisition/2-1-1412499
There's high hope that the company will do well in the near future and share holders will have the confidence in the company! Once the new management is showing good results in the next 6 months, the share price will for sure going up beyond 120!
Eagle88 ( Date: 25-Mar-2023 13:53) Posted:
CGS-CIMB TP is still at 120. So may go for slightly longer battle!
ahbui8 ( Date: 25-Mar-2023 12:43) Posted:
The share price will be depress in the near term, not forgetting the 27B new shares still haven' t fully digested. This news will make some Keppel SHs willing to continue sell below 0.11 but I still believe it won' t go below 0.10.  |
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I believe it will not go below 0.000 😂
ahbui8 ( Date: 25-Mar-2023 12:43) Posted:
The share price will be depress in the near term, not forgetting the 27B new shares still haven' t fully digested. This news will make some Keppel SHs willing to continue sell below 0.11 but I still believe it won' t go below 0.10.
Eagle88 ( Date: 25-Mar-2023 00:25) Posted:
| So Monday share price back to 113 or higher in the morning and those who have not worn back their shorts will be naked and prepared to be shot. Better buy double to cover and make profit |
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The broker also put together some of the developments and brushes with law since 2012. The biggest overhang right now is the potential financial impact. Lets see if the company is able to provide any updates sooner rather than later.
Eagle88 ( Date: 25-Mar-2023 13:53) Posted:
CGS-CIMB TP is still at 120. So may go for slightly longer battle!
ahbui8 ( Date: 25-Mar-2023 12:43) Posted:
| The share price will be depress in the near term, not forgetting the 27B new shares still haven' t fully digested. This news will make some Keppel SHs willing to continue sell below 0.11 but I still believe it won' t go below 0.10. |
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CGS-CIMB TP is still at 120. So may go for slightly longer battle!
ahbui8 ( Date: 25-Mar-2023 12:43) Posted:
The share price will be depress in the near term, not forgetting the 27B new shares still haven' t fully digested. This news will make some Keppel SHs willing to continue sell below 0.11 but I still believe it won' t go below 0.10.
Eagle88 ( Date: 25-Mar-2023 00:25) Posted:
| So Monday share price back to 113 or higher in the morning and those who have not worn back their shorts will be naked and prepared to be shot. Better buy double to cover and make profit |
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The share price will be depress in the near term, not forgetting the 27B new shares still haven' t fully digested. This news will make some Keppel SHs willing to continue sell below 0.11 but I still believe it won' t go below 0.10.
Eagle88 ( Date: 25-Mar-2023 00:25) Posted:
So Monday share price back to 113 or higher in the morning and those who have not worn back their shorts will be naked and prepared to be shot. Better buy double to cover and make profit!
ahbui8 ( Date: 24-Mar-2023 23:24) Posted:
| EDJ yard to construct the Brazil navy vessel worth 200m ONLY. investigation of alleged irregularities should be regarding this project. How serious can this become which need 3rd right issue 😂 😂 😂 |
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Ya lor...so helpless....current overall sentiment also not good which causes more fear.
n3wbie ( Date: 24-Mar-2023 22:42) Posted:
The announcement this morning just created a lot more panic for the market given that it does not qualify nor quantify the potential scope nor are there mitigating actions that can be undertaken. Not surprising that investors cant help but feel slightly helpless
naoshingo ( Date: 24-Mar-2023 20:08) Posted:
| Sad.....SCM own version of Bank run today....sad... |
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Sembmarine falls as unit is probed for &lsquo alleged irregularities&rsquo
SHARES of Sembcorp Marine (Sembmarine) : S51 -7.96% ended Friday (Mar 24) down 8 per cent or S$0.009 at S$0.104, following news that one of its units is facing investigations.
The counter was the second most heavily traded by value that day, and the most heavily traded by volume &ndash with 769.2 million shares worth S$81.5 million changing hands. No married deals were recorded, according to ShareInvestor data.
The company issued a notice on Friday morning that its wholly-owned subsidiary, Estaleiro Jurong Aracruz (EJA), was being investigated for &ldquo alleged irregularities&rdquo in its practices.
This comes after the Office of the Comptroller General of Brazil published a notice in the official gazette, saying it had initiated a preliminary administrative liability proceeding against EJA.
The notice did not provide further details, and Sembcorp said it was unable to assess the matter or the impact, if any, on EJA. It added that EJA is cooperating fully with the authorities.
&ldquo 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,&rdquo said Sembmarine in a statement posted on the Singapore Exchange.
EJA is Sembmarine&rsquo s shipyard in Brazil. It commenced operations in the second half of 2014, according to the group&rsquo s website.
CGS-CIMB analysts said in a note on Friday that such negative news flow could weigh on Sembmarine&rsquo s share price in the near term, until further clarity is provided. The brokerage, however, reiterated its &ldquo add&rdquo call on the counter, with an unchanged target price of S$0.12.
This is not EJA&rsquo s first brush with the law. In 2020, the company&rsquo s previous president, Martin Cheah Kok Choon, was charged in Brazil with money laundering and graft, in connection with contracts entered into by Sembmarine&rsquo s subsidiaries in 2012.
Cheah&rsquo s employment with Sembmarine was terminated in 2015.
So Monday share price back to 113 or higher in the morning and those who have not worn back their shorts will be naked and prepared to be shot. Better buy double to cover and make profit!
ahbui8 ( Date: 24-Mar-2023 23:24) Posted:
| EDJ yard to construct the Brazil navy vessel worth 200m ONLY. investigation of alleged irregularities should be regarding this project. How serious can this become which need 3rd right issue 😂 😂 😂 |
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EDJ yard to construct the Brazil navy vessel worth 200m ONLY. investigation of alleged irregularities should be regarding this project. How serious can this become which need 3rd right issue 😂 😂 😂
The announcement this morning just created a lot more panic for the market given that it does not qualify nor quantify the potential scope nor are there mitigating actions that can be undertaken. Not surprising that investors cant help but feel slightly helpless
naoshingo ( Date: 24-Mar-2023 20:08) Posted:
| Sad.....SCM own version of Bank run today....sad... |
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Alamak!
Cash Flow (liquidity) and Profitability Are Not the Same.
share456 ( Date: 24-Mar-2023 16:38) Posted:
very simple.
will SCM be profitable in 2023 ?
if not profitable, SCM needs right issue in 2023 for 2024/2025.
Stocky901 ( Date: 24-Mar-2023 16:36) Posted:
| Will they issue rights to fund the 18b project |
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Agreed. What should be the rights price? ,🥺
share456 ( Date: 24-Mar-2023 16:38) Posted:
very simple.
will SCM be profitable in 2023 ?
if not profitable, SCM needs right issue in 2023 for 2024/2025.
Stocky901 ( Date: 24-Mar-2023 16:36) Posted:
| Will they issue rights to fund the 18b project |
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