Must stay above this 5.00 level or more downside possible. Note that this 5.00 support was broken in Aug last year which saw this counter hit a low of 3.05 in Oct. Might find a new support at 4.50.
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Sembmarine
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whencanchange
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17-Nov-2012 01:03
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In fact in terms of the all the blue chips's  % drip drop during the Lehman crisis, SGX drops the least, whereas these 3 counters sembmarine, kepcorp, citidev drops the most in terms of % during that time. Even kepcorp got crash from above $12 to below $4 but SGX just  stay firmly above $4. I think maybe BBs think even in crisis people also will trade shares, meaning they short-sell and they cut-loss too hence generating volume for SGX   hence SGX didn't drop that badly like sembmarine, kepcorp, citidev during crisis |
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whencanchange
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17-Nov-2012 00:50
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No lah . you are wrong. SGX at $1.10 is not a few years ago, it's many many years ago. I think more than 10 years ago. Even during Lehman crisis in late 2008, SGX lowest was around $4 plus during that time Whereas Sembmarine $1.20 is really happen 2-3 years ago in late 2008/early 2009 period. Although Sembmarine won't drop to $1.20 but my earlier point is if STI really enter a short bear market, then sembmarine will fall in greater percentage than most blue chips, $2.80-$3 don't say not possible if STI falls to 2600-2700 next year
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khng2012
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17-Nov-2012 00:05
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Avoid shipbuilding company. Shipbuilding company is the most fragile and may not recover  like 2009  if the crisis really come. | ||||
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NGBC6666
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16-Nov-2012 22:58
Yells: "In in, out out, up up, down down: this is STOCKS!" |
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I think 1.2 was during the Lehman Brothers Crisis period.  Do not think SembMar will drop to that level unless a crisis of similar magnitude strikes.  
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wangwa
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16-Nov-2012 22:29
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Yes. Noted. SGX used to be $1.10 a few donkey years ago too | ||||
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whencanchange
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16-Nov-2012 20:41
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BTW, I used to play this Sembmarine stock at $1.20plus a few rounds a short few years ago, hence a gentle reminded that this Sembmarine used to be at $1.20plus a few short years ago, hence hope no heart attack for those vested. haha Ya I also notice in recession/bear market this Sembmarine always fall more steeply than Sembcorp.     |
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krisluke
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16-Nov-2012 17:36
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oil under usd 86.. .. keppel corp   more than the two sembs
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krisluke
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16-Nov-2012 17:31
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can  buy some sembcorp / keppel corp olso. Usually sembcorp outrun sembmar. It was like that before the economy crisis. Div wise ... ... keppel is the best. For now on  , sembmar utmost task was to at least announce a beat expectation earning quarter !! !!
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krisluke
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16-Nov-2012 17:20
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Golden Opportunities... A must buy at second gap up ! !! |
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krisluke
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16-Nov-2012 17:17
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hey all, Study the price action below... .... I didn't  realise that there was another mild gap up at $4.0313 support. which $4.2214 gap up alredi being filled. It seems that a real rebounce could start  somehow during  the second gap up. I think $4.00 is a psyco level... ...
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khng2012
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16-Nov-2012 15:15
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Until the Petrobras project start building in Brazil shipyard and Mega Yard is completed. Due to 2 shipyards are building, the cash on hand is drop from 2 billion to 1 billion.  The cash  will drop further and may affect their dividend distribution in April.
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whencanchange
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16-Nov-2012 14:08
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BTW, roughly how long u guys think Sembmarine will take to reach $5?? 1 year or more than 3 years haha? My young broker she said within the next 12 months. I got holding power. Waiting to buy more |
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whencanchange
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16-Nov-2012 13:53
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how many lots u bought at $4.35? are u still holding on or u cut loss liao? I myself bought 3 lots few days ago.
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sportyboy
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16-Nov-2012 12:56
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For value investor this is good ... Cause from FA point of view... Price of oil will just goes up in the long run... And Sembmar will surely benefit with kep corp | ||||
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wangwa
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16-Nov-2012 10:55
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4.18 Broke. Maybe will really Hit $4 | ||||
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krisluke
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16-Nov-2012 09:35
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  | ||||
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krisluke
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16-Nov-2012 09:28
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Sembcorp Marine ($4.40) — Short term oversold
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krisluke
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16-Nov-2012 09:10
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grhu8175
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16-Nov-2012 07:47
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I trade this stock a few times, most of it timed correctly other than this time round. Got at 4.35, but didnt sell at 4.44 cos too greedy :(   Nevertheless, this stock always bounce back strongly once market stabilizes and will converge towards the price of SembCorp from my observations. Downside is that it may hit below $4 before if start recovering.    Lastly, with oil price expected to start jumping on Isreal's war, maybe orders will increase??  |
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Andrew
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15-Nov-2012 23:55
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Good portfolio. But bank stock always sensitive to economic condition. And yes, blue chips can weathered a downturn.
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