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Semb Corp to file for Indian IPO Post Reply Rate topic
dingbat Veteran	26-Feb-2018 09:07        dingbat About Contact  Quote this Post!
x 0   x 0  Alert Admin	SINGAPORE:  Sembcorp Industries said on Friday (Feb 23) it expects to raise about S$500 million from the sale of some utilities assets and plans to list its Indian energy business, as it reported a plunge in quarterly profit. The industrial conglomerate, which has been conducting a strategic review of its business, said it has begun the process for an initial public offering (IPO) of the Indian unit, Sembcorp Energy India Ltd. It expected the divestments to provide cash proceeds of up to S$500 million,  not including the potential proceeds from the proposed India IPO. Sembcorp has filed a draft preliminary prospectus for the listing on BSE Ltd and the National Stock Exchange of India. The company, the biggest shareholder in rig-builder Sembcorp Marine, reported a net profit of S$22.8 million for the fourth quarter, a drop of 85 per cent from the same period a year ago. Sembcorp Marine turned in poorer-than-expected results earlier this week, sending its stock down 11 per cent on Thursday. Still, its shares have risen more than 26 per cent this year.   Advertisement   Sembcorp Industries' review of its businesses, which began last year, had prompted market talk of a potential privatisation or divestment of Sembcorp Marine, according to analysts. Mr Neil McGregor, Sembcorp Industries' CEO, said the company was confident that Sembcorp Marine was well-positioned to benefit from offshore and marine industry' s recovery, said. " We will continue to support the business through the cycle," he said. Read more at https://www.channelnewsasia.com/news/business/sembcorp-industries-to-raise-s-500-million-from-asset-sales-9983656
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john_ric Supreme	23-Feb-2018 18:57        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	sci pays 2 cents + 3 cents   =50 dolla for 1000 shares  this year. only 1.xx% yield. ​ who receive 22cents??
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KAMAL0883 Supreme	23-Feb-2018 14:14        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	i admit SCI quite generous to give div allent      ( Date: 23-Feb-2018 14:03) Posted: It pays net interest of 22c per share for the year, at net rate of 6.74%. Very lucrative for its lenders.
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KAMAL0883 Supreme	23-Feb-2018 14:13        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	the richs very cunning and calculative, no way can queez their money... only they can take advantage on you but not the other way round ... wait and see if SCI pour money there sure get hit blue black in future beginners      ( Date: 23-Feb-2018 12:36) Posted: Haha, in fact it?s not easy to work with there. Very good in talking but can not deliver result. Every time roti prata here and there! KAMAL0883      ( Date: 23-Feb-2018 10:47) Posted: hahaha what to do cos the bank want to make Indian' s money...... actually not only my bank there' re many banks migrate part of the works to India to save cost but they are not aware that not easy to make money from India, you make $50 they fine you $25 for dirty their enviroment
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allent Master	23-Feb-2018 14:03        allent About Contact  Quote this Post!
x 0   x 0  Alert Admin	It pays net interest of 22c per share for the year, at net rate of 6.74%. Very lucrative for its lenders.
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beginners Veteran	23-Feb-2018 12:36        beginners About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha, in fact it?s not easy to work with there. Very good in talking but can not deliver result. Every time roti prata here and there! KAMAL0883      ( Date: 23-Feb-2018 10:47) Posted: hahaha what to do cos the bank want to make Indian' s money...... actually not only my bank there' re many banks migrate part of the works to India to save cost but they are not aware that not easy to make money from India, you make $50 they fine you $25 for dirty their enviroment  beginners      ( Date: 22-Feb-2018 20:33) Posted: Bro try to talk to your mgt next time don?t send Liao. Not only just rape, plus kill. Many years ago keep promoting India tourism as incredible India! You remembered? After the big rape case and the poor girl came to Singapore for treatment. Immediately stop the advertisement of Incredible India tourism promotion on TV. It is not just a rape country, plus incredible with many reported cases after that and recently the poor 5 years old girl whom just only a child.
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hlfoo2010 Master	23-Feb-2018 12:12        hlfoo2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	cannot send female staff overthere ... my bank female colleague sent to India Branch to guide the staff works dare not step out from her hotel for 2 weeks LOL cos everyone know India is a rape ....... Rape can be prevented, but food and finding clean toilet is the mayjor issues, anytime may come cannot prevent> > > > > > > > > > > > > >   hlfoo2010      ( Date: 23-Feb-2018 11:58) Posted: Justin Trudeau&rsquo s Indian     Justin Trudeau also think so before going there, maybe i wrong ?????     Justin Trudeau&rsquo s disastrous trip to India has gone from bad to worse, not least because of his near-obsessive need to dress in over-the-top traditional garments. Feb 23, 2018 01:21 Andy80      ( Date: 23-Feb-2018 11:46) Posted: Tot it may head more south. Guys, when' s a good time to accumulate more? Now?
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hlfoo2010 Master	23-Feb-2018 11:58        hlfoo2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Justin Trudeau&rsquo s Indian     Justin Trudeau also think so before going there, maybe i wrong ?????     Justin Trudeau&rsquo s disastrous trip to India has gone from bad to worse, not least because of his near-obsessive need to dress in over-the-top traditional garments. Feb 23, 2018 01:21 Andy80      ( Date: 23-Feb-2018 11:46) Posted: Tot it may head more south. Guys, when' s a good time to accumulate more? Now?
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Andy80 Senior	23-Feb-2018 11:46        Andy80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tot it may head more south. Guys, when' s a good time to accumulate more? Now?
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KAMAL0883 Supreme	23-Feb-2018 10:47        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	hahaha what to do cos the bank want to make Indian' s money...... actually not only my bank there' re many banks migrate part of the works to India to save cost but they are not aware that not easy to make money from India, you make $50 they fine you $25 for dirty their enviroment  beginners      ( Date: 22-Feb-2018 20:33) Posted: Bro try to talk to your mgt next time don?t send Liao. Not only just rape, plus kill. Many years ago keep promoting India tourism as incredible India! You remembered? After the big rape case and the poor girl came to Singapore for treatment. Immediately stop the advertisement of Incredible India tourism promotion on TV. It is not just a rape country, plus incredible with many reported cases after that and recently the poor 5 years old girl whom just only a child. KAMAL0883      ( Date: 22-Feb-2018 11:08) Posted: cannot send female staff overthere ... my bank female colleague sent to India Branch to guide the staff works dare not step out from her hotel for 2 weeks LOL cos everyone know India is a rape countr
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wehuattogether88 Supreme	23-Feb-2018 10:12        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think funds are buying the IPO thing & looking forwrd for the divestment of assets..
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blurtrader Master	23-Feb-2018 09:21        blurtrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	actually more than 1 billion equity, considering the divestment of debts on the India energy assets upon IPO anyway, i' ll keep my holdings long term.. today many panic sellers   FATABA      ( Date: 23-Feb-2018 09:19) Posted: the Group is planning to divest a number of peripheral utilities assets. Over the next two years, this is expected to deliver estimated cash proceeds of up to S$0.5 billion. This is additional to potential proceeds from the proposed IPO of Sembcorp Energy India Limited The attractive part is this $1B ( IPO aro 500M ) ......with this over next 2 years, Semb C has much cash to await the recovery of Semb M . which can be very attractive w its capabilities in oil rig once recovery and orders start kicking it. Then Semb Corp is firing on all sectors. Dyodd Octavia      ( Date: 23-Feb-2018 09:13) Posted: *Sembcorp Industries - 4Q17 net profit plunged 85% to $22.8m, taking FY17 earnings to $230.8m (-42%), widely missing the mark. - Turnover for the quarter inched 4.8% higher to $2.12b, on better utility performance (+24%), but pared by the marine division (-21%) due to lower sales recognition for rig & floaters and offshore platform projects. - However, gross margin slumped 5.4ppt to 7% on lower profitability in both divisions. - Bottom line was further impacted by a $25.4m provision for potential fines and claims at an overseas water business arising from an alleged environmental offence for discharge of off-specification wastewater. - Final DPS halved to 2¢ , bringing FY17 payout to 5¢ (FY16: 8¢ ). - Plans utilities divestments of up to $0.5b and IPO of India energy business. - Last traded at 13.8x forward P/E.
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FATABA Supreme	23-Feb-2018 09:19        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	the Group is planning to divest a number of peripheral utilities assets. Over the next two years, this is expected to deliver estimated cash proceeds of up to S$0.5 billion. This is additional to potential proceeds from the proposed IPO of Sembcorp Energy India Limited The attractive part is this $1B ( IPO aro 500M ) ......with this over next 2 years, Semb C has much cash to await the recovery of Semb M . which can be very attractive w its capabilities in oil rig once recovery and orders start kicking it. Then Semb Corp is firing on all sectors. Dyodd Octavia      ( Date: 23-Feb-2018 09:13) Posted: *Sembcorp Industries - 4Q17 net profit plunged 85% to $22.8m, taking FY17 earnings to $230.8m (-42%), widely missing the mark. - Turnover for the quarter inched 4.8% higher to $2.12b, on better utility performance (+24%), but pared by the marine division (-21%) due to lower sales recognition for rig & floaters and offshore platform projects. - However, gross margin slumped 5.4ppt to 7% on lower profitability in both divisions. - Bottom line was further impacted by a $25.4m provision for potential fines and claims at an overseas water business arising from an alleged environmental offence for discharge of off-specification wastewater. - Final DPS halved to 2¢ , bringing FY17 payout to 5¢ (FY16: 8¢ ). - Plans utilities divestments of up to $0.5b and IPO of India energy business. - Last traded at 13.8x forward P/E.
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Octavia Supreme	23-Feb-2018 09:13        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	*Sembcorp Industries - 4Q17 net profit plunged 85% to $22.8m, taking FY17 earnings to $230.8m (-42%), widely missing the mark. - Turnover for the quarter inched 4.8% higher to $2.12b, on better utility performance (+24%), but pared by the marine division (-21%) due to lower sales recognition for rig & floaters and offshore platform projects. - However, gross margin slumped 5.4ppt to 7% on lower profitability in both divisions. - Bottom line was further impacted by a $25.4m provision for potential fines and claims at an overseas water business arising from an alleged environmental offence for discharge of off-specification wastewater. - Final DPS halved to 2¢ , bringing FY17 payout to 5¢ (FY16: 8¢ ). - Plans utilities divestments of up to $0.5b and IPO of India energy business. - Last traded at 13.8x forward P/E.
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Stanton Veteran	23-Feb-2018 09:07        Stanton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not unlocking much value unless Marine is divested.
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FATABA Supreme	23-Feb-2018 09:06        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	No change ....awaiting oil sector recovery.  chanbs      ( Date: 23-Feb-2018 08:57) Posted: No mention on action plan for its marine div
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chanbs Elite	23-Feb-2018 08:57        chanbs About Contact  Quote this Post!
x 0   x 0  Alert Admin	No mention on action plan for its marine div
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blackcat03 Member	23-Feb-2018 08:56        blackcat03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	will be below $3.00....falling knife can not touch!!
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halleluyah Supreme	23-Feb-2018 08:55        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	HOPELESS....like son like father.... john_ric      ( Date: 23-Feb-2018 07:58) Posted: net profit down 95%. lao sai.. .
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FATABA Supreme	23-Feb-2018 08:49        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Not a nice set of result but barring Semb M issue , the reorg is certainly a bright thing to look forward with up to $1B ( coming up ) 0.5B IPO plus divestment 0.5 over nex 2 yrs......see below. Unlocks value with targeted utilities divestments of up to S$0.5 billion and proposed IPO of India energy business To build a platform for growth and sustainability of its India energy business, the company today announced that it has initiated the process for an initial public offering of Sembcorp Energy India Limited on BSE Limited and the National Stock Exchange of India, with the filing of a draft red herring prospectus. Following the review of its Utilities business, the Group is planning to divest a number of peripheral utilities assets. Over the next two years, this is expected to deliver estimated cash proceeds of up 4 to S$0.5 billion. This is additional to potential proceeds from the proposed IPO of Sembcorp Energy India Limited. The company also announced that it had entered into a conditional agreement to divest its municipal water operations in South Africa, as part of its geographical repositioning. The Group&rsquo s focus on active and systematic capital recycling will enable it to strengthen its balance sheet and deliver sustainable growth.
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