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SembM Re-Born Rich

Eagle88
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28-Mar-2023 11:58

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Not every one can short or dare to short !!!

newbie19 ( Date: 28-Mar-2023 11:29) Posted:

You asked him a very good question..🤣 🤣 🤣 👍 👍

eugesun ( Date: 28-Mar-2023 10:51) Posted:

Have you short it??? Still 107 now...waiting to load up more at lower level..

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newbie19
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28-Mar-2023 11:29

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You asked him a very good question..🤣 🤣 🤣 👍 👍

eugesun ( Date: 28-Mar-2023 10:51) Posted:

Have you short it??? Still 107 now...waiting to load up more at lower level...

share456 ( Date: 28-Mar-2023 10:48) Posted:

It is confrimed from DBS report that SCM will be in losses for 2023 and be profitable by 2024.
It means SCM needs 3rd right issue for 2024/2025

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eugesun
Elite

28-Mar-2023 11:04

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Must give 100 days in office...lol...100 days is the benchmark for all new president...lol...

vicloo ( Date: 28-Mar-2023 09:39) Posted:

Yes all analysts, investors are waiting for Chris to reveal his restructuring plan.... Already 1-mth is office now... Hope he is ready to share soon.... Look at Elon musk, his restructuring comes immediately the 1st day he took Twitter, that's why he is one of world richest.

Huataarrhh ( Date: 28-Mar-2023 09:12) Posted:

DBS reinistate coverage today

Sembcorp Marine (SMM)

< Reinstating coverage> Restructure, Revive, Renew

Yard merger creates a global champion with world-class facilities and engineering capabilities
Well positioned to tap into rising demand for both conventional and clean energy solutions
Armed with strengthened balance sheet, we expect revenue and cost synergies post integration to drive earnings turnaround by FY24
Reinstate coverage with BUY TP S$0.14

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eugesun
Elite

28-Mar-2023 10:58

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Never abandon strategic assets...NXX is the lesson to learn. 30 cents coming..hold long..

Stocky901 ( Date: 28-Mar-2023 10:49) Posted:

May follow Ezion, the sinking boat abandoned by temasak? 😪

Red_Bean ( Date: 28-Mar-2023 10:30) Posted:

Don' t take things for granted expecting Temasek to rescue all sinking boats. See what happened to NXX, SXX...
There are too many variables involved to make any meaningful predictions.
Considering the weak fundamentals, negative net Current Assets (Current Assets minus Current Liabilities)....
1.2 x NAV (7 cents) Chin Ho Liao
7 cents x 1.2= 8.4 cents

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eugesun
Elite

28-Mar-2023 10:51

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Have you short it??? Still 107 now...waiting to load up more at lower level...

share456 ( Date: 28-Mar-2023 10:48) Posted:

It is confrimed from DBS report that SCM will be in losses for 2023 and be profitable by 2024.
It means SCM needs 3rd right issue for 2024/2025.

Huataarrhh ( Date: 28-Mar-2023 09:12) Posted:

DBS reinistate coverage today

Sembcorp Marine (SMM)

< Reinstating coverage> Restructure, Revive, Renew

Yard merger creates a global champion with world-class facilities and engineering capabilities
Well positioned to tap into rising demand for both conventional and clean energy solutions
Armed with strengthened balance sheet, we expect revenue and cost synergies post integration to drive earnings turnaround by FY24
Reinstate coverage with BUY TP S$0.14

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Stocky901
Supreme

28-Mar-2023 10:49

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May follow Ezion, the sinking boat abandoned by temasak? 😪

Red_Bean ( Date: 28-Mar-2023 10:30) Posted:

eugesun ( Date: 27-Mar-2023 13:18) Posted:

Good report...bright future....don't miss the boat..

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share456
Veteran

28-Mar-2023 10:48

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It is confrimed from DBS report that SCM will be in losses for 2023 and be profitable by 2024.
It means SCM needs 3rd right issue for 2024/2025.

Huataarrhh ( Date: 28-Mar-2023 09:12) Posted:

DBS reinistate coverage today

Sembcorp Marine (SMM)

< Reinstating coverage> Restructure, Revive, Renew

Yard merger creates a global champion with world-class facilities and engineering capabilities
Well positioned to tap into rising demand for both conventional and clean energy solutions
Armed with strengthened balance sheet, we expect revenue and cost synergies post integration to drive earnings turnaround by FY24
Reinstate coverage with BUY TP S$0.14

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eugesun
Elite

28-Mar-2023 10:47

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NXX is a mistake, they should hold long...see now the cost of container went up 10x...

Red_Bean ( Date: 28-Mar-2023 10:30) Posted:

eugesun ( Date: 27-Mar-2023 13:18) Posted:

Good report...bright future....don't miss the boat..

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Red_Bean
Member

28-Mar-2023 10:30

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eugesun ( Date: 27-Mar-2023 13:18) Posted:

Good report...bright future....don't miss the boat...

CheeryVGoh ( Date: 27-Mar-2023 13:11) Posted:

UOB KH :

Maintain BUY with S$0.156 target price. With the merger with KOM completed, the focus on the enlarged SMM group will be to garner new orders in 2023 and add to its S$18b orderbook. Our target book-value multiple for SMM of 1.2x reflects our confidence that it will garner such orders, thus leading to positive share price performance.

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vicloo
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28-Mar-2023 10:01

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Money is not a problem.... SMM enjoys full support from Temasek like SIA or Ascensdas reit, Temasek can even subscribe to private placement to give fund to SMM without rights issue too. They did for Ascensdas reit.

What we need is a restructuring plan, to cut costs and every project SMM deliver will give profits 👍 👍 👍 . This business needs to be a profitable business from now on.

Stocky901 ( Date: 28-Mar-2023 09:49) Posted:

His plan must include also funds raising for the possible fines & financial costs for the merger & operations costs to fulfil the 18b contracts. 🫣 🤞 🤞

vicloo ( Date: 28-Mar-2023 09:39) Posted:

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Stocky901
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28-Mar-2023 09:49

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His plan must include also funds raising for the possible fines & financial costs for the merger & operations costs to fulfil the 18b contracts. 🫣 🤞 🤞

vicloo ( Date: 28-Mar-2023 09:39) Posted:

Huataarrhh ( Date: 28-Mar-2023 09:12) Posted:

DBS reinistate coverage today

Sembcorp Marine (SMM)

< Reinstating coverage> Restructure, Revive, Renew

Yard merger creates a global champion with world-class facilities and engineering capabilities
Well positioned to tap into rising demand for both conventional and clean energy solutions
Armed with strengthened balance sheet, we expect revenue and cost synergies post integration to drive earnings turnaround by FY24
Reinstate coverage with BUY TP S$0.14

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vicloo
Supreme

28-Mar-2023 09:39

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Huataarrhh ( Date: 28-Mar-2023 09:12) Posted:

DBS reinistate coverage today

Sembcorp Marine (SMM)

< Reinstating coverage> Restructure, Revive, Renew

Yard merger creates a global champion with world-class facilities and engineering capabilities
Well positioned to tap into rising demand for both conventional and clean energy solutions
Armed with strengthened balance sheet, we expect revenue and cost synergies post integration to drive earnings turnaround by FY24
Reinstate coverage with BUY TP S$0.14

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Huataarrhh
Senior

28-Mar-2023 09:12

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DBS reinistate coverage today

Sembcorp Marine (SMM)

< Reinstating coverage> Restructure, Revive, Renew

Yard merger creates a global champion with world-class facilities and engineering capabilities
Well positioned to tap into rising demand for both conventional and clean energy solutions
Armed with strengthened balance sheet, we expect revenue and cost synergies post integration to drive earnings turnaround by FY24
Reinstate coverage with BUY TP S$0.14

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n3wbie
Elite

27-Mar-2023 19:16

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Need to look past the short-term market noise

CheeryVGoh ( Date: 27-Mar-2023 17:15) Posted:

Hope they release more info soon & hope is just short term bearish.

FATABA ( Date: 27-Mar-2023 16:20) Posted:

This note spell out the payment ALREADY Made ...In 2015, Sembcorp Marine had already provided for $329 million in relation to the Sete Brasil contracts, taking into consideration unpaid invoices, construction progress, and payables to suppliers and vendors, says Lim.
In 2020, Sembcorp Marine reached a settlement with Sete Brasil for the seven drillships allowing the yard to keep all works on the uncompleted five units and sell the two that were largely completed. " " " "

Look like Brazil side is JUST after $$ .....hopefully the new setup KOM ( which hv the experience dealing w them ) ....can come out well .
Whatever, this case will take YEARS .....and most likely another government by them LOL

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CheeryVGoh
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27-Mar-2023 17:15

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Hope they release more info soon & hope is just short term bearish.

FATABA ( Date: 27-Mar-2023 16:20) Posted:

CheeryVGoh ( Date: 27-Mar-2023 14:46) Posted:

CGS-CIMB maintains ' add' call on Sembcorp Marine following news of probe in Brazil

The Edge SingaporeMon, Mar 27, 2023 &bull 12:00 PM GMT+08 &bull 2 hours ago &bull 3 min read

Lim Siew Khee of CGS-CIMB has maintained her " add" call and 12 cents target price on Sembcorp Marine, following news that Brazilian authorities have commenced a " preliminary administrative liability proceeding" against the company&rsquo s local unit, Estaleiro Jurong Aracruz Ltda (EJA), for alleged &ldquo irregularities&rdquo .

According to Sembcorp Marine, the notice gave no further details and SMM cannot assess the matter or its impact, if any. EJA is fully cooperating with the authorities.

&ldquo We think the resurgence of negative newsflow on any form of investigation by Brazilian authorities could weigh down Sembcorp Marine&rsquo s share price in the near term until further clarity is provided,&rdquo writes Lim in her March 24 note.

Back in 2012, Sembcorp Marine won seven contracts from Sete Brasil worth some US$5.6 billion.

The Brazilian agent connected to the contracts were charged and jailed in 2020 and EJA&rsquo s previous president was terminated in 2015 and has been under investigation under his personal capacity since 2019.

In 2015, Sembcorp Marine had already provided for $329 million in relation to the Sete Brasil contracts, taking into consideration unpaid invoices, construction progress, and payables to suppliers and vendors, says Lim.

&ldquo We are unsure if there was any provision for litigation/investigation/ fines. Sete Brasil filed for bankruptcy in 2016,&rdquo she adds.

In 2020, Sembcorp Marine reached a settlement with Sete Brasil for the seven drillships allowing the yard to keep all works on the uncompleted five units and sell the two that were largely completed.

Separately in Dec 2017, Keppel Corp agreed to pay a US$422.2 million fine as part of the global resolution with US, Brazil and Singapore authorities in relation to corrupt payments made by Keppel&rsquo s former agent in Brazil, Zwi Skornicki.

See also: RHB maintains ' buy' on Raffles Medical Group following strong revenue and China' s reopening

Both Keppel, via its former offshore and marine unit, and Sembcorp Marine have significant business in Brazil.

Lim estimates that orders related to Petrobras, the national oil company of Brazil, makes up 67% of the combined order book of Sembcorp Marine and Keppel&rsquo s offshore and marine unit.

Keppel had secured orders for two units of floating, production, storage and offloading (FPSO) vessels, P-80 (worth US$2.9 billion) and P-83 (US$2.8 billion).

Sembcorp Marine, meanwhile, has been tasked to build P-82, worth US$3.05 billion.

Lim says her &ldquo add&rdquo call is premised on how the new management team at the combined entity, trading under Sembcorp Marine, can execute the orders on hand, as well as the pace of turnaround.

Sembcorp Marine shares, as at noon on March 27, traded at 11 cents, up 2.88%.

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FATABA
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27-Mar-2023 16:20

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CheeryVGoh ( Date: 27-Mar-2023 14:46) Posted:

CGS-CIMB maintains ' add' call on Sembcorp Marine following news of probe in Brazil

The Edge SingaporeMon, Mar 27, 2023 &bull 12:00 PM GMT+08 &bull 2 hours ago &bull 3 min read

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Eagle88
Supreme

27-Mar-2023 16:10

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The upside for SM is very2 high vs other stocks.

Eagle88 ( Date: 27-Mar-2023 16:08) Posted:

Let say the SP now is 107 and the TP of 156 after 1 year, the potential percentage gained is 156/107*100%= 46%, so on average, it should be 46%/12 month= 3.83% per month. FD only gives you 4%++ per year.

CheeryVGoh ( Date: 27-Mar-2023 13:11) Posted:

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Eagle88
Supreme

27-Mar-2023 16:08

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CheeryVGoh ( Date: 27-Mar-2023 13:11) Posted:

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eugesun
Elite

27-Mar-2023 15:07

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Men get together to drink lar...monk sit in quiet room and meditate....lol...men wat huah at...30 cents...

beetlejuice ( Date: 27-Mar-2023 13:30) Posted:

Say is liddat lah but as Blaise Pascal so astutely observed ... All men's miseries derive from not being able to sit in a quiet room alone.

Eagle88 ( Date: 27-Mar-2023 13:08) Posted:

Any one with tons of CPF still can pick up cheap and keep for another 1 year or more and you will see wonders !!!

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Eagle88
Supreme

27-Mar-2023 15:05

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Saudi Aramco inks US$12.2b China oil refinery, petchem complex deal

Reported by The Edge today

https://www.theedgemarkets.com/node/660839

More good news on demand for Oil and gas which will increase the chances of more orders for SM in the near future.

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