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Sembmarine
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krisluke
Supreme |
22-Mar-2011 10:35
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The edge singapore news thingy
SembCorp Marine (S51.SG) is up 1.5% at $5.56, among the STI’s top percentage gainers, after it says its Jurong Shipyard secured an order worth US$450 million ($569.6 million) from Seadrill to build a harsh-environment jack-up rig.
CIMB, which maintains its Outperform rating and a $6.38 target price, based on blended DCF and 18X CY12 P/E, says the win brings its year-to-date orders to $1.0 billion. It notes the Gusto MSC CJ70-designed rig is scheduled for delivery in 3Q13 “it still has yard capacity for 2012 delivery of shallow-water jack-up rigs and we expect its orders to catch up. We keep our order target of S$10.8 billion (including Petrobras orders) and earnings estimates for FY11-FY13.” It adds, SMM is its preferred pick in the O& M sector given its year-to-date lag in orders. “We see stock catalysts from a stronger order momentum and higher margins.”
Orderbook quotes hint near-term resistance at $5.60.
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bsiong
Supreme |
22-Mar-2011 09:52
Yells: "The Greatest Wealth is Health" |
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SEMBCORP MARINE Ltd's subsidiary Jurong Shipyard has secured an order worth a total of US$450 million contract to build a harshenvironment jack-up from Seadrill. On completion, this advanced harsh-environment, high-specification drilling unit will be one of the largest jack-ups in the world, specifically built to meet the stringent Norwegian standards for rigs operating in the North Sea region. /sgx |
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krisluke
Supreme |
21-Mar-2011 19:37
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how about sembawang shipyard? lng/lpg and container vessel ? ?? sub arm ? KLKC !!! I mean good for them. BTW, my round two of SG $45,000 will be materialised? shorten to TWO trading days? ?? 
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krisluke
Supreme |
21-Mar-2011 19:32
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Stock Code: SCMN.SI Company: SembCorp Marine Ltd. Slug: Wins US$450 mln jack-up rig contract Date of Report: 21/03/2011 Producer: Tan Jin San Sembcorp Marine says Jurong Shipyard has won a US$450 mln contract to build a harsh-environment jack-up rig for offshore deepwater drilling company Seadrill. The jack-up rig will be the second such unit that Jurong Shipyard is building for Seadrill and for operations in the Norwegian Continental Shelf. It will be able to operate in water depths of up to 150 metres with a high variable deck load and a higher operating efficiency compared to previous jack-up rigs. The contract will not have any impact on Sembcorp Marine’s current financial year. ~INVESTOR CENTRAL’S TAKE~ Sembcorp Marine’s current ratios (by Reuters): P/E: 12.77x P/B: 4.24x Free cashflow for FY2010: S$973.1 mln vs S$133.9 mln Analysts surveyed by Reuters have on average an OUTPERFORM call on the stock with a price target of S$6.17, compared to its last traded price of S$5.48. As always, please see your licensed financial advisor before making any investment decisions. |
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krisluke
Supreme |
21-Mar-2011 19:30
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Seadrill orders, secures five-year contract for jack-up rig: Update
Seadrill, the owner of the world’s second-largest fleet of deepwater rigs, entered an agreement for the construction of a jack-up drilling rig with the Jurong shipyard in Singapore.
The rig is scheduled to be completed at the end of the third quarter of 2013, the Bermuda-based company said today in a statement. The price is about US$530 million ($671.2 million), including project management, drilling and handling tools, spares and capitalized interest. The rig has been contracted to ConocoPhillips for a five- year period off Norway for about US$680 million, Seadrill said. The Jurong shipyard is owned by Sembcorp Marine. “This newbuild is an important addition to our fleet of harsh-environment drilling units which will increase earnings and employment visibility of our operations in this region,” Alf Thorkildsen, chief executive officer of Seadrill, said in the statement.
Seadrill rose as much as 1.9% to 203.8 kroner in Oslo trading, and was at 203.5 kroner as of 10:26 a.m. local time. The shares are up 3.7% this year, after gaining 33% last year.
The contract is subject to government approval of the plan for development and operations for Ekofisk South and Eldfisk II.
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krisluke
Supreme |
21-Mar-2011 19:28
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epliew, some good news to share, it from seadrill. I means no news leak from this contracts during trading hours. look like oil price going to fall after usa vs lu bu (rtk hero) thingy. It good for general economy.
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epliew
Supreme |
19-Mar-2011 14:29
Yells: "no worries be happy !" |
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Should have bought back on friday instead ot thu....
Tots oil price will goes up with middle east....
But since it bearish market watch out.
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krisluke
Supreme |
19-Mar-2011 10:31
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upstream news thingy. I was sadden to read, check and learn that analysts only read magazine news and tell investors how to position $ from their monthly hard earn money. i mean we should not be too blameful for their sluggish reports to certain extend that oil thirst is some kind of thingy that should be carefully and properly managed which various from different time zone and layer barrier 
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krisluke
Supreme |
19-Mar-2011 10:14
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older post: date, 14 mar 2011 cimb singapore securities equipty division SembCorp Marine (S51.SG) is off 0.7% at $5.56, while Keppel Corp. (BN4.SG) is off 0.3% at $11.66, both in fairly low volume and holding up well in a weak market amid fresh news flow on potential jackup orders. CIMB analyst Lim Siew Khee notes oil & gas newspaper Upstream Friday reports that Greece-based operator, Capital Ship Management, is said to be evaluating yard options for the construction of two jack-up rigs. “We estimate that the two 400ft jack-up rigs could be worth US$360 million-US$380 million ($457 million - $483 million) and believe awards could be announced soon.” Meanwhile, it says more national oil companies have kicked-start investments in new rigs, including Qatar Petroleum-linked Gulf Drilling and Vietsopetro, which have started talks with Singapore and Middle Eastern yards for the construction of one deepwater drilling unit and two jack-ups respectively. The house expects contract wins to provide sector catalysts. It maintains its Outperform rating on Sembcorp Marine (S51.SG), with a target price of $6.38, and Keppel Corp (BN4.SG), with a $15.00 target. ?? analyst report sound attractive, be careful on TA for 200dma... always hear say the TA " expert" thot of violation thingy Greek rig offer, not need to thinky thing further. The offer will be favourly towards sembcorp marine channel. btw, the f*#Kin' tuas yard presently looks empty and ppl like everyday going to beach CBL instead of work.
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krisluke
Supreme |
19-Mar-2011 10:06
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older posting: date, 16 mar 2011. dmgap Keppel (BN4.SG) is up 1.4% at $11.52 after it says late Tuesday it has secured a US$210 million ($258 million) jackup rig contract from Japan Drilling Company (1606.TO) peer SembCorp Marine (S51.SG) is up 0.9% at $5.45 with SembCorp Industries (U96.SG) up 1.0% at $4.87.
DMG analyst Jason Saw says “positive newsflow re-affirms our positive view on (Overweight) the offshore & marine sector. Stock prices of rig builders and industrial groups have corrected 6.0%-8.0% in the past two weeks and we think this is a chance to accumulate.” He adds, recent developments in the drilling industry support the positive investment case for Singapore rig builders: (1) awards of two deepwater drilling permits in the Gulf of Mexico could spur new orders for semi-submersibles (2) yard slots are getting tighter, implying potential for upward revision in prices and payment terms.
He has all three stocks at Buy with the top pick being Sembcorp Industries “as stub (ex-Marine) valuation is undervalued at 7X FY11 P/E.”
?? sembcorp industries, at present should be a cheap potato. recall libya and mid east tension...
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krisluke
Supreme |
19-Mar-2011 09:58
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Are you the one who bot at $5.06 or $5.01:) recently? at $5.30, a very good price to buy liao. I think is becos of quarterly expiration of equity options and futures. ppl selling future to buy stock. In finanical market, market noise is just an bonus. It tell us what going on in the world beside solving the numbers. there is some rumours on talk that sembmar is negotiating a usd450 millions contracts, i read an article from dbs ballas. on friday, st index struggle and hang sang sharp fall during last hour could provide us some hints on the renew of options... This year dividends mark the best roll payout, I believe they're buying back own shares for their own good. Read the volatility measure, Shall trade to benefit wallet and should not be too greedy or ambition, we're talkin about oil vs politic and gdp growth. I think 'placement" share would be reduce to hedge the volatility. See sia engrg? always low low volume, price hardly swing during trading hours at certain times.
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warrenbegger
Elite |
18-Mar-2011 23:18
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Dont follow what other index, all index can shoot up only STI index weak and kiasi/kiasu(STI bull colour blind one). Most active investor now r hit and run style, and long term investor not so active(most buy and forget what they buy). In this weak sentiment market, most trader wont hold through weekend cause hard to get out if sat or sun something big happen. Monday most active trader depend on opening of china and hongkong index or afternoon for sign(fengshui) to play. But now market is so unpredictable so is advise new bird dont anyhow play to avoid kanna rape until dont know why. Bull market anyhow buy also wont die so ugly, but bear/siao market can rape u hard if u dont know how to play or cut lose at right time/px. Now this kind of market is really not for new bird and u better go buy or borrow more investment book to study well until this rotten market is over. Dont think u can win by luck, in long run u will go bankrupt or in ICU. Too many art and science about good trading/investing, i wish u good luck and take care. Wellcome to this siao market, cheers:)
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jansenboy
Member |
18-Mar-2011 22:49
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Hi guys, I am what i consider relatively new to stocks investing and pretty much a rookie. Might be a noob question but does anyone happen to know how come Sembmar pull back so much in the last hr of trading today (friday). If so, what do you guys think will be the outlook for it come monday. Considering US/Euro market looks like they are having a strong day. | ||||
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krisluke
Supreme |
16-Mar-2011 20:58
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Holdin' 5% of sembmar ordinary shares bot in opening market is just a ikan bilis as compare to those in the ocean. I think that fellow loan out his 5% holding for better payout.. this fellow, ID is confidential. be careful or else kana LAW SUIT LETTER
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krisluke
Supreme |
16-Mar-2011 20:52
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Today is krisluke (chris-luck " t" aka Doji) candle. more to the upside as long as $5.46 can hold, but resist at $5.52... more more upside to come at $5.55 :D it's not easy to buy / sell sembmar counter. many ppl experience bankruptcy due to contra play. now, quiet on news, only rumours on this and take. speculating oil price is the only odd bet on rig winning thingy. Talkin about oil thingy, shall one becomes " expert" , who care about oil speculator 1 and 2, there are better opportunities elsewhere
yesterday was one of those days that bring joys to 8 hrs affairs contra player, follow the crowds, you never get lost
But " those days" can become a stuckist too
* there is one super " expert" holding 5% of sembmar equity market shares bot from open market, he is not even a director or related to any one in director board. |
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limkt009
Veteran |
16-Mar-2011 16:30
Yells: "Watch your front, grab $$$$$ at your own time" |
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Let's see what happens.....
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krisluke
Supreme |
16-Mar-2011 16:03
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Today’s Focus • Singapore Rigbuilders: More orders wins for Keppel SembCorp Marine also in line for more jackups. In line with current gains seen among regional bourses, a snapback rebound is seen in the current session with the STI likely to gain some 30-45pts higher to the 2975-2990 immediate resistance level on news that radiation levels have fallen. The situation at the Fukushima nuclear power plant remains fluid. Another fire has broken out at Reactor 4 this morning, the BBC reports, without further detail. According to the IAEA, Reactors 1 and 3 (the first 2 to experience difficulty) are now stable and their containment vessels are intact. Absent further cooling difficulty at these units, releases of radioactivity from units 1 and 3 are unlikely. However, according to the IAEA, an explosion at Unit 2 yesterday morning (6:15am Tokyo time) “may have affected the integrity of its primary containment vessel”. If so, further leakage of radioactivity into the atmosphere remains a key risk/concern. The current nuclear crisis could turn investors’ interest towards more traditional forms of energy production such as coal on rising public pressure against nuclear power generation across the globe. An example of a coal related play listed in Singapore is Straits Asia. There can also be interest in renewable and clean energy sources such as wind. This may eventually translate to an increase demand for wind farm vessels that can be positive (to a small extend) for yards. Keppel Corp announced that it has secured its 12th newbuild jackup order for FY11, worth US$210m. To be built at the Keppel FELS yard in Singapore, this is KEP’s first jackup from Japan Drilling Company (JDC). Delivery is scheduled for 1Q13. For FY11 YTD (i.e. 1Q11), KEP’s order wins have amounted to S$4.5bn, resetting the bar for its largest order haul in a quarter. No change to our numbers for KEP, which assumes S$7bn order wins for FY11. While SembCorp Marine has lagged KEP in terms of FY11 order wins, we believe that inherently lumpy order flows could pick up in the near term. Indeed, it was reported that Greek commercial vessel operator, Capital Ship Management Corporation (CSMC), is evaluating options to build 2 400-foot jackups, potentially exercising an LOI with SMM’s PPL Shipyard for the construction of the rigs. This is on top of a near term potential order from Seadrill for a second CJ-70 jackup rig worth an estimated US$450m, and the multi-billion dollar Egina FPSO project it is bidding via a consortium (results of tender targeted for June 2011, may be delayed till late 3Q2011). Maintain BUY on KEP (TP: S$14.63) and SMM (TP: S$6.63). Cosco announced that it has received a cancellation request from an Asian shipowner for the contract of one 79.5k dwt bulk carrier. The vessel, which was supposed to be delivered in April 2012, has commenced operations since early 2011. As such, the shipowner agreed to pay a lump sum penalty in addition to deposit. We estimate the contract price to be c. S$50m. This means that Cosco could have lock-in an immediate gain of US$12.5m - US$15.0m for the cancellation. While we do not rule out the possibility of some cancellations and rescheduling going forward, it is not likely to be in a big wave. Maintain Buy and target price of S$3.16. February home sales (excluding ECs) cross the 1,000- mark, falling only 7% m-o-m to 1,101 units. Recent news flow post the property measures, seems to suggest that buyers’ interests remain sanguine. New launches have achieved decent take-up and developers are taking this window of opportunity to raise prices, albeit at a slower rate. Further government intervention could be on the cards. We prefer commercial and diversified players such as Keppel Land, UOL and Singland. A combination of declining passenger carriage and increasing capacity resulted in SIA’s passenger load factor (PLF) dipping to 75.1% in February, compared to 79.9% a year earlier, and down from January's 78.1%. This is the lowest PLF since May 2010's 74.8%. On the cargo front, load factor was 61.8%, down from 65.6% a year ago. Yongnam has been awarded a contract for the MRT North-South Line Extension valued at S$23.5m. Work on the contract is expected to start in Apr 11 and to be completed in Sep 13. The contract is expected to have a favourable impact on the group’s financial performance for FY11. Keppel Land has submitted the highest bid of $286.8m or $502 psf ppr for a private condominium site in Sengkang. It narrowly beat the second bid of $274.4m or $480 psf ppr by 4.3%. Nine parties took part in the tender. This is above market expectations of $350-380 psf ppr. With Keppel Land's bid, consultants now expect residential units there to fetch around $1,000 psf. The URA will be putting a 99-year leasehold white site at Jurong Gateway up for tender, after an unnamed developer committed to pay at least $510m or $532 psf ppr for it. The site at Jurong is the second in the Jurong Lake District to be up for grabs. Just next to it is the first sale site, which Australian developer Lend Lease bagged in a tender last year for $748.9m or $650 psf ppr. Separately, HDB is launching the tender for a DBSS site at the junction of Pasir Ris Central and Pasir Ris Drive 1 today. It is just across the road from Pasir Ris MRT station and White Sands Shopping Centre. Retail sales in January beat expectations to climb 2.9% yoy. Excluding motor vehicles, sales powered ahead by 15.6%. Growth was seen in all major segments. However, retail sales fell by 2.9% m-o-m (seasonally adjusted). Excluding motor vehicles, sales were up 1.6% in Jan 11 compared to Dec 10. |
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epliew
Supreme |
16-Mar-2011 15:43
Yells: "no worries be happy !" |
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Technical rebound, do not get catch and buy up. Shorting ccan be done with careful monitoring.
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limkt009
Veteran |
16-Mar-2011 14:06
Yells: "Watch your front, grab $$$$$ at your own time" |
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Turning around... | ||||
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epliew
Supreme |
16-Mar-2011 13:39
Yells: "no worries be happy !" |
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What is your take ? Today it is just a small surge ? To catch those greed one or for shortist to keep shorting it ?
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