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9221-9240 of 9522
If things worsen 2.80-3.33 is ok to buy for long term....
New123 ( Date: 31-May-2012 23:14) Posted:
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it may goes down to $4.00 .
catalyst ( Date: 31-May-2012 22:57) Posted:
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Not sure how strong is 4.41 support.
Very tempted to enter..
Very tempted to enter..
On Friday, Sembmar re-test the support at $4.41 and closed at $4.47 with LOW volume of 7.31 million shares traded.
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 23 black candles for a net of 1 black candles.
RSI & MACD are bullish as MACD perform a golden cross recently.
Important Resistance of Sembmar: $4.53
Immediate Support of Sembmar: $4.41
Currently prices are supported by 200 days MA at $4.41
For the past 10 trading sessions, prices have ............... READ MORE
YZJ adding fuel to fire. If sembmarine didn't appeal against this HC Judgement, very ma-lu. Can't imagine a giant losing to dwarf in what looks like a sure-win case for sembmarine.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C2B6B4C65D313B3548257A0F003CDA32/$file/Announcement_20120531.pdf?openelement
high court judgement ruled in favour of baker technology, against Sembmarine. unless SembMarine appeal to Court of Appeal immediately, this bad news may drag its share px below $4. Unexpected outcome, those vested prepare for the worst.
Recap: Sembmarine owns 85% of PPL shipyard & bal 15% of PPL own by Baker Tech, but Baker Tech sold its 15% to YZJ shipyard which is the subject of this lawsuit.
The consequence is that YZJ thru this 15% stake in PPL will gain access to know-how & design of Jackup Rig to compete head-on with SembMarine in future.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_99EDD7D3FBDA8C1C48257A0F00392D97/$file/Ann_Judgment_310512.pdf?openelement
Nomura singing the same tune in terms of my prior buy on dip calls based on the fat orderbooks of the oil rig companies notably Semb Mar & Kep Corp..
The recent sell-down in equities offers a good chance to increase weightings in Singapore oil rig builders such as Keppel Corp and Sembcorp Marine, Nomura said.
The broker kept its buy rating on both companies, and has a target price of S$13.80 for Keppel and S$6.08 for Sembcorp Marine. Curent levels are S$10.14 and S$4.50, respectively.
Shares of Keppel, the world's largest rig builder, and smaller rival Sembcorp Marine have risen about 9 percent and 17 percent respectively so far this year.
However, Sembcorp Marine plunged 12 percent and Keppel lost 8 percent this month alone a mid a global flight from riskier assets, worse than the benchmark Straits Times Index's 6.6 percent loss.
" While new order momentum may slow in the coming quarters, given macro headwinds and weaker oil prices, we believe underlying long-term demand for offshore exploration and production remains robust," Nomura said.
It highlighted that the industry would benefit from the recent new oil discoveries, while the move to deeper waters and frontier drilling is expected to support demand for high-specification rigs.
Immediate support is 4.40 for the time being. Resistance at 4.65
Nothing is impossible for S51 to hit $3.60.
hoping for 3.6 but seems tough
Looking at $4.38 soon
Latest result is below expectation if you keep track with this stock.......KepCorp getting more contracts and result above expectation also drop like mad....more down side for semb marine.....
seeing director buying activity .. provides a further vote of confidence in the stock purchase..
averaged down by buying more @ $4.5
gd luck ..dyodd
Are you watching sembmar now? I bought 10 lots at 5.27 to get $2000 dividend. Sold at 5.08 and lost $2000 and escaped without losing anything net. No red wine or lim kopi again.
Waiting for Sembmar to drop to 3.50 before buying 10 lots. This baby is more solid than STVOSX for keeping in fridge if price drops further. What's your play here? Share the skill.
littleboi ( Date: 23-May-2012 19:06) Posted:
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I don't see it can go higher..looking at below 4.
jamesng ( Date: 23-May-2012 18:47) Posted:
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Normally in a bearish market, SembMarine should drop more than KepCorp....this is the reverse currently and I think the downside for SembMarine will be much more soon
Why do you say that? White candles? 
Super.White ( Date: 23-May-2012 08:40) Posted:
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Watching out for SembMar to hit $4.38 soon.
SEMBCORP MARINE LTD bought back 250,000 units at $4.40 per unit on 18 May.