Latest Forum Topics / Seatrium Last:0.091 -- | Post Reply |
WHY THE BIG VOLUMES?
|
||||||||||||||
mirage
Veteran |
17-Jul-2007 09:36
|
|||||||||||||
x 0
x 0 Alert Admin |
SembMar hit a high of 5.60 today. SJ members any views. | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
mirage
Veteran |
13-Jul-2007 14:08
|
|||||||||||||
x 0
x 0 Alert Admin |
QUOTES: Singapore's SembCorp Marine hits all-time high on earnings expectations 13 July 2007 Singapore's SembCorp Marine Ltd hit an all-time high Friday, riding on the enthusiasm for the oil- and gas-related industry, because of the strong flow of orders the company is getting and the greater visibility of its earnings. At 12.16 pm here (0416 GMT), SembCorp Marine had added 20 Singapore cents or 3.81 percent at 5.45 dollars, off an all-time high of 5.50 dollars, with 7.12 million shares traded. An analyst at a local brokerage, who declined to be identified, expressed bullishness about the company because of the amount of orders it has got and expectations that it will get even more. The value of SembCorp Marine's order book is now 9.1 bln sgd, with completion and deliveries sceheduled until 2010. Of this amount, 4.5 bln dollars-worth of contracts were secured this year. "They already have more orders than last year," said the analyst. "If you look at the long-term earnings, it supports the price you are paying [for the stock]." The analyst said Sembcorp Marine also stood to benefit from bigger contributions from its stake of six percent in a peer, COSCO Corp (Singapore) Ltd. |
|||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
|
||||||||||||||
spurs88
Senior |
13-Jul-2007 10:12
|
|||||||||||||
x 0
x 0 Alert Admin |
from DBSV this morning!!!!!!!!!!! China kicker, rolling forward to FY09 earnings
FY08 by 0.5% and 9.0% on the back of higher earnings from Cosco Shipyard Group for FY07 and FY08 and marginally raising our order win assumptions for FY07 to S$5bn from S$4.8bn previously; (ii) introducing FY09 estimates; and (iii) rolling forward our valuation to FY09 earnings. Story: We are (i) raising SMM?s earnings estimates for FY07 and
there is good visibility to revenue ? excluding shiprepair, 96%, 75% and 45% of revenue in FY07, FY08 and FY09 respectively are already covered by confirmed orders. We are forecasting new order wins of S$5bn in FY07, and S$3.8bn each in FY08 and FY09. Point: We believe that the cycle has more room to run and
rising to S$7.90 based on FY09 earnings. Given the strong visibility, our target price is based on FY09 earnings. Maintain Buy with a raised target price of S$7.90 based on 20x shiprepair earnings, 18x rigbuilding and conversion earnings, 25x earnings from Cosco Shipyard Group and valuing SMM?s 6.7% stake in Cosco Corp using target price of S$6.10. Assuming that SMM continues with its 75% dividend payout ratio, yield is still attractive at 3.1% for FY07 and 4.3% for FY08 in spite of the strong run up in share price. Relevance: Our fair value is S$6.80 based on FY08 earnings,YTD order wins now amount to S$4.5bn and we expect it to hit S$5bn for this year. earnings. Excluding shiprepair, 96%, 75% and 45% of revenue in FY07, FY08 and FY09 respectively are already covered by confirmed orders. Any new contracts for a jack-up may be able to fill a 2009 delivery slot whereas new orders for the high environment jackup rig can only be delivered from 2010 whereas an order for a semisubmersible can tie in for a 2011 delivery slot. Current order book is S$9.1bn, providing good visibility toAssociate stake in Cosco Shipyard Group has seen two rounds of earnings upgrades over the past one week. Cosco Shipyard Group (CSG) and a 6.7% stake in SGX-listed Cosco Corp (COS SP, Buy, TP S$6.10). This week, Cosco Corp?s net earnings have been upgraded by 8% and 7% and FY09 earnings have been introduced which will lead to net earnings rising 35% in FY09 driven by strong order flows at CSG. As a percentage of net profit, contribution from Cosco Shipyard Group is expected to account for 25%, 30% and 35% of SMM?s net profit over FY07F-FY09F from only 16% in FY06. SMM has a 30% stake in Cosco Corp?sCatalysts. contracts YTD, realistically we do not expect the same momentum to carry on for the rest of the year. As such, incremental new orders exceeding S$500m is likely to surprise on the upside. Our assumptions for margins are conservative ? we are looking at EBIT margins of 7.7% in FY07, 8% in
|
|||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
mirage
Veteran |
12-Jul-2007 09:27
|
|||||||||||||
x 0
x 0 Alert Admin |
SembMar hit a high of 5.50 breaking the 52 week high of 5.40. Cheers!!!!!!! Cheers!!!!!! Cheers!!!!!!!!!!!! | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
mirage
Veteran |
10-Jul-2007 09:17
|
|||||||||||||
x 0
x 0 Alert Admin |
I am glad that SembMar is moving UP, it is trading at 5.15 now. Hi TA / FA gurus, SJ members, is SembMar making a trend reversal now? Any views. Thanks. | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
|
||||||||||||||
dinola
Member |
09-Jul-2007 13:36
|
|||||||||||||
x 0
x 0 Alert Admin |
Started it advances today. RSI still indicating up trend, Stochastic indicates buy opportunity. Next resistance should be $5.7. Hurricanes season around the corner, hold on tight! | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
singaporegal
Supreme |
06-Jul-2007 21:13
Yells: "Female TA nut" |
|||||||||||||
x 0
x 0 Alert Admin |
Hi mirage, Since my last post, SembMar has indeed topped out. Its TA charts still look the same to me. Not much changes. |
|||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
limkt009
Veteran |
06-Jul-2007 15:48
Yells: "Watch your front, grab $$$$$ at your own time" |
|||||||||||||
x 0
x 0 Alert Admin |
Quote: Shares of SembCorp Marine, the world's second-largest offshore oil rig maker, rose as much as 2.1 percent to S$4.90 with 3.1 million shares traded after Citigroup raised its target price for the stock to S$6.88 from S$5.20. "Group visibility is not only strong for offshore equipment, but ship repair also appears robust with its dock space fully utilised with bookings of more than four months ahead," Citigroup analyst Kevin Chong said in a research note on Thursday. |
|||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
|
||||||||||||||
mirage
Veteran |
06-Jul-2007 15:38
|
|||||||||||||
x 0
x 0 Alert Admin |
Hi TA / FA gurus, SJ members, SingaporeGal, Any views on SembMar??? | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
solochn
Member |
03-Jul-2007 01:36
|
|||||||||||||
x 0
x 0 Alert Admin |
Went dowsn a fair bit, but still seems to have down trend. Think will till 4.50 before i go in. Comments? | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
zhugeliang74
Member |
27-Jun-2007 21:34
|
|||||||||||||
x 0
x 0 Alert Admin |
Was a good day today for Sem Marine. Could see much buying interest around 4.98 in the early sessions before profit-takers came in. | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
Sporeguy
Elite |
27-Jun-2007 00:35
|
|||||||||||||
x 1
x 0 Alert Admin |
Has dropped by 8.68%. Support may be at $4.58. Fibo support is at $4.62. | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
|
||||||||||||||
zhugeliang74
Member |
26-Jun-2007 23:52
|
|||||||||||||
x 0
x 0 Alert Admin |
I think this week should hover around 4.76 as psychological support and 5.00 as resistance...then moves steadily to 12 month target of 6.10....Order books dont lie. | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
singaporegal
Supreme |
24-Jun-2007 19:39
Yells: "Female TA nut" |
|||||||||||||
x 0
x 0 Alert Admin |
TA charts show that there's a chance of it topping out. Acc/Dist and Chaikin charts are dropping. | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
Sporeguy
Elite |
20-Jun-2007 15:12
|
|||||||||||||
x 0
x 0 Alert Admin |
Wo you lai ye | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
Luostock
Senior |
17-Jun-2007 22:06
|
|||||||||||||
x 0
x 0 Alert Admin |
Hi fortunegal, Pls call me at 96555961 asap. I would like to meet you regarding your interest to be a housing agent at HDB Hub ( my company is at HDB Hub) at 12 noon on Monday (18/06/2007). i.e tomorrow. | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
fortunegal
Senior |
17-Jun-2007 21:56
|
|||||||||||||
x 0
x 0 Alert Admin |
Below is what The Edge wrote for Sembmarine under "Hot Stocks" section on offshore sectors. For those who are interested to read, i have typed it out. Sembmarine - Set for a correction "SembCorp Marine ($5) has moved beyond anyone's wildest dreams. By now, with an almost relentless upcombin from $3.80 ownards, both short and medium term indicators are severely overbrought. Hence, prices are likely to have hit a ceiling last week before they retreated. Stohastics has turned own, as has RSI. But with ADX rising strongly and the DIs positively placed, any retreat should be temporary. support appears at $4.80, a breakout level. On the candlestick chart, teh formation is a bearish engulfing pattern. If prices move swiftly up this week, past $5.20, that would negate the engulfing pattern. The jury could be out on this one as RSI is weakening". =========================== p/s: I am holding this for long term for the next few years, so I am not so bothered by the news. |
|||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
Sporeguy
Elite |
14-Jun-2007 15:42
|
|||||||||||||
x 0
x 0 Alert Admin |
|
|||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
Sporeguy
Elite |
14-Jun-2007 15:05
|
|||||||||||||
x 0
x 0 Alert Admin |
It must be very hot, gone up by 32 c. Getting very close to parent stock. | |||||||||||||
Useful To Me Not Useful To Me | ||||||||||||||
fortunegal
Senior |
13-Jun-2007 09:40
|
|||||||||||||
x 0
x 0 Alert Admin |
0031 GMT [Dow Jones] STOCK CALL: BNP Paribas ups SembCorp Marine's (S51.SG) target price to S$7.00 from S$5.21 on back of unprecedented order levels; also says 6% owned Cosco Corp ( F83.SG) should augment bottom-line growth at the associate level. Notes company has contracted orders amounting to almost S$5 billion year to date, eclipsing its record 2005 year (S$4.2 billion), well ahead of its order flow of S$3.1 billion in 2006. Stock trades at 20x 2007, 16.2x 2008 P/E, not the most expensive O&M stock in Singapore; keeps at Buy. Closed up 3.9% at S$4.78 yesterday. (JEM) | |||||||||||||
Useful To Me Not Useful To Me |