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9201-9220 of 9522
Will history repeat itself this October 2012? So scary, another 4 mths time will know....
Oct 28 2008 = $1.01
Oct 4 2011 = $2.82
blueberry ( Date: 05-Jun-2012 06:24) Posted:
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yiming2000 ( Date: 04-Jun-2012 23:54) Posted:
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Friend blueberry, $3.60 is Kim Eng's entry point recommendation. Actually, my own entry point is Oct 2011 low at $3.00. So, at $3.60, I will be watching closely to see if euro crisis can get worse than last Oct. If so, price can drop below $3.00.
Are you vested? How many lots and what was your entry price? I bought 10 lots at $5.27 to get $2000 dividend and when it dropped after ex-date, I chucked it at $5.08 and suffered net loss of only $200. Good experience. I will never try for dividend again.
yiming2000 ( Date: 04-Jun-2012 10:02) Posted:
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Good call. It's down 41 points. I am sitting on the sideline waiting for Sembmarine to go down to $3.60.
What about you?
New123 ( Date: 02-Jun-2012 23:57) Posted:
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SMM / Swiber: SMM’s Indonesian subsidiary, PT SMOE Indonesia, in consortium with Swiber’s JV PT Rajawali, has secured a contract worth US$175m from Premier Oil Natuna Sea, for the engineering and construction of 2 Wellhead Platforms, 2 infield sub-sea pipelines and modification works on an existing facility for the Naga and Pelikan Project, offshore Indonesia.
Construction is expected to commence Jul ’12 with offshore completion by Sep ’13. SMM’s scope of work, worth US$63m, entails engineering design and construction of the 2 platforms and modification work on the existing Central Processing Platform. This is the second contract award that SMM has secured from Premier. PT
Rajawali is responsible for the laying of the 2 sub-sea pipelines and transportation of the 2 platforms. While positive, the contract is small vs SMM’s current net orderbook of $7.4b, and Swiber’s orderbook of ~US$1.2b. SMM trades at 12.8x P/E. Swiber trades at 6.9x P/E.
Going strong but for how long.....court case not looking good.....
If the stake went to other company, it will be bad....
eye can only agree ...maybe wil go lower than 3.8
From OCBC
Strong outstanding order book provides defensiveness
Stock has eased quite a bit upgrade to BUY
SMM’s share price has fallen by 15.1% since we downgraded it to Hold a few months ago in our report “Looking beyond FY11”, 24 Feb 2012. This compares with the STI’s 6.9% drop over the same period. At current price levels, we see value emerging in SMM’s stock. With an expected upside potential of 14.8% (excl dividends) now, we upgrade our rating to BUY with an unchanged fair value estimate of S$5.12.
Sembcorp Marine has a net order book of S$7.4b with deliveries stretching till 2Q15, and this provides good earnings visibility at a time when uncertainties are still prevalent in the global economy and there is a general lack of clarity in terms of corporate earnings outlook. The group has secured orders worth about S$3b YTD, accounting for 34% of our full year estimate which includes orders from Petrobras.i saw a lot of brokerage houses recommending to accumulate on weakness the O& G sector plays
namely SEMBMAR & KEPCORP..
hope there will be more upside to this in time to come..
gd luck dyodd
The high court ruling is more an " ego thing" no real impact on material earnings, etc. For investors, I think it is more important to focus on Semb Marine's earnings outlook which continues to be robust and with Oil price staying high, I anticipate Semb Marine to be in a favourable position in the coming years. Recently price dropped more than other O& G play which I think represents accumulation opportunity. Just my view. Not inducing anyone to buy.
ozone2002 ( Date: 01-Jun-2012 14:33) Posted:
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SembMarine
the high court order didn't dampen the share price..in fact it boosted the share price from the intro day
low..
rock steady!
gd luck.. dyodd
Sharing a report I happen to have.
Sembcorp Marine: Value is emerging
upgrade to BUY
●
Outlook remains positive●
book
Defensiveness from strong order●
Easing oil prices, but still above
threshold
Upgrade to BUYThough oil prices have corrected, we opine
that at current levels (WTI: US$88/bbl,
Brent: US$105/bbl), oil prices are still
elevated. As deepwater offshore projects
typically need a threshold level of US$70-
75/bbl for a safe cushion to be viable
investments, we expect continued capital
expenditure in the sector which takes a longterm
view due to strong industry
fundamentals and the long lead time required
for offshore projects.
Offshore drillers remain upbeat
The difference between new and older assets
has also been accentuating over the years,
evidenced by a divergence in utilisation and
day rates. Recent comments by offshore
drillers in the latest quarterly results also
reflected their belief in the strong
fundamentals of the industry and companies
such as Seadrill are keen on more newbuilds.
Strong outstanding order book provides
defensiveness
Sembcorp Marine has a net order book of
S$7.4b with deliveries stretching till 2Q15,
and this provides good earnings visibility at a
time when uncertainties are still prevalent in
the global economy and there is a general
lack of clarity in terms of corporate earnings
outlook. The group has secured orders worth
about S$3b YTD, accounting for 34% of our
full year estimate which includes orders from
Petrobras.
Stock has eased quite a bit upgrade to
BUY
SMM’s share price has fallen by 15.1% since
we downgraded it to Hold a few months ago
in our report “Looking beyond FY11”, 24 Feb
2012. This compares with the STI’s 6.9%
drop over the same period. At current price
levels, we see value emerging in SMM’s
stock. With an expected upside potential of
14.8% (excl dividends) now, we upgrade our
rating to
estimate of S$5.12
GuavaXF30 ( Date: 01-Jun-2012 08:57) Posted:
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Not likely. With 8 bil worth of orders, their profit will be steady for the next 3 years still.
Baker Tech/PPL thing is small drop in a very vast ocean. And they still control 85% of PPL. How the new consortium hope to go against them with just 15% ownership ? Don't get conned.
New123 ( Date: 31-May-2012 23:14) Posted:
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