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Eagle88 Supreme	23-Mar-2023 09:38        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Your profit margin is a bit too low, let say we use 10% profit margin and the total profit of $0.76B/68B shares = $0.0112 EPS The share price to justify for this would be $0.0112/5% FD = $0.224 per share. It would be higher if using lower FD rate of 4% or lower. The reason to use FD rate is based on the dividend that I would get if the money is parked under FD or CPF rather than in the share. zhixuen      ( Date: 22-Mar-2023 15:01) Posted: Your calculation is taking into consideration of 20% margin that it is hypothetically optimistic  prediction.  20% does not make sense in current business environment. Why did you use 5% FD in the fraction of $0.0176 earning per share?  I' m more conservation, presuming 18 billions awarded project delivered for next 3 years. Profit margin 5%  18/3 = 6 billions X 0.05 = 300 millions profit that come from new building, convertion and specilized shipbuilding.  For ship repair I referenced to recent business update where SCM (500 millions) + KOM (assume 500 millions)  with 1 billions revenue X 0.08 (ship repair usually may see higher margin) = 80 millions. Total Profit = 380 millions / 68 billions share. = 0.056 EPS. Assume PE = 10 for ship building and repair business. = fair value should be $0.56 if business does good as what described in the above forecast.    Eagle88      ( Date: 22-Mar-2023 14:12) Posted: If $1.2B/68B shares = $0.0176 per share The share price should be $0.0176 / 5% FD Rate = $0.35 per share. The share price now is only $0.110, so it is very much discountered if the new management is able to deliver the profit based on the revenue that SM can get from the orders on hand
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Eagle88 Supreme	23-Mar-2023 09:17        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil price has gone up 2%  Stocky901      ( Date: 23-Mar-2023 09:00) Posted: --- Post Removed by User ---
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Red_Bean Member	22-Mar-2023 21:23        Red_Bean About Contact  Quote this Post!
x 0   x 0  Alert Admin	in case someone asks.... 1 Billion = 1,000 Million
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Red_Bean Member	22-Mar-2023 21:13        Red_Bean About Contact  Quote this Post!
x 0   x 0  Alert Admin	Clap...Clap...you are right!  Lacks one zero, Fair Value per share as calculated is 5.6 cents Net Tangible Assets (NTA) per share is less than 7 cents It doesn' t look rosy  lei...    ahbui8      ( Date: 22-Mar-2023 16:09) Posted: 😂 if you really feel this is insightful, you better stay far far away from SCM. 380m is 0.0056 eps, if 10x PE fair value is 0.056 which market cap is less than 4B.  Sg_KoalaDreaming      ( Date: 22-Mar-2023 15:52) Posted:   clap clap, insightful. th
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eugesun Elite	22-Mar-2023 16:43        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, 30 cents...Pump it up..buy and ..hold... Eagle88      ( Date: 22-Mar-2023 14:12) Posted: If $1.2B/68B shares = $0.0176 per share The share price should be $0.0176 / 5% FD Rate = $0.35 per share. The share price now is only $0.110, so it is very much discountered if the new management is able to deliver the profit based on the revenue that SM can get from the orders on hand. Eagle88      ( Date: 22-Mar-2023 13:59) Posted: If SM can clear the orders in 3 years, Let say it is 18B instead of 20B, so 18B / 3 = 6B / yr, if SM can make 20% profit, it will be 1.2B a year. It is very much depends on how the new management to carry out the operations and cost control etc. SM must have the capacity to digest the orders and to deliver ontime and collect all the payments
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ahbui8 Master	22-Mar-2023 16:09        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	😂 if you really feel this is insightful, you better stay far far away from SCM. 380m is 0.0056 eps, if 10x PE fair value is 0.056 which market cap is less than 4B.  Sg_KoalaDreaming      ( Date: 22-Mar-2023 15:52) Posted:   clap clap, insightful. thx zhixuen      ( Date: 22-Mar-2023 15:01) Posted: Your calculation is taking into consideration of 20% margin that it is hypothetically optimistic  prediction.  20% does not make sense in current business environment. Why did you use 5% FD in the fraction of $0.0176 earning per share?  I' m more conservation, presuming 18 billions awarded project delivered for next 3 years. Profit margin 5%  18/3 = 6 billions X 0.05 = 300 millions profit that come from new building, convertion and specilized shipbuilding.  For ship repair I referenced to recent business update where SCM (500 millions) + KOM (assume 500 millions)  with 1 billions revenue X 0.08 (ship repair usually may see higher margin) = 80 millions. Total Profit = 380 millions / 68 billions share. = 0.056 EPS. Assume PE = 10 for ship building and repair business. = fair value should be $0.56 if business does good as what described in the above forecast.
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rledchg11 Member	22-Mar-2023 16:06        rledchg11 About Contact  Quote this Post!
x 0   x 0  Alert Admin	seems like no matter cut the right or cut the left... looks like a bright future...    great. xie xie :)) Sg_KoalaDreaming      ( Date: 22-Mar-2023 15:52) Posted:   clap clap, insightful. thx zhixuen      ( Date: 22-Mar-2023 15:01) Posted: Your calculation is taking into consideration of 20% margin that it is hypothetically optimistic  prediction.  20% does not make sense in current business environment. Why did you use 5% FD in the fraction of $0.0176 earning per share?  I' m more conservation, presuming 18 billions awarded project delivered for next 3 years. Profit margin 5%  18/3 = 6 billions X 0.05 = 300 millions profit that come from new building, convertion and specilized shipbuilding.  For ship repair I referenced to recent business update where SCM (500 millions) + KOM (assume 500 millions)  with 1 billions revenue X 0.08 (ship repair usually may see higher margin) = 80 millions. Total Profit = 380 millions / 68 billions share. = 0.056 EPS. Assume PE = 10 for ship building and repair business. = fair value should be $0.56 if business does good as what described in the above forecast.
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Sg_KoalaDreaming Master	22-Mar-2023 15:52        Sg_KoalaDreaming About Contact  Quote this Post!
x 0   x 0  Alert Admin	clap clap, insightful. thx zhixuen      ( Date: 22-Mar-2023 15:01) Posted: Your calculation is taking into consideration of 20% margin that it is hypothetically optimistic  prediction.  20% does not make sense in current business environment. Why did you use 5% FD in the fraction of $0.0176 earning per share?  I' m more conservation, presuming 18 billions awarded project delivered for next 3 years. Profit margin 5%  18/3 = 6 billions X 0.05 = 300 millions profit that come from new building, convertion and specilized shipbuilding.  For ship repair I referenced to recent business update where SCM (500 millions) + KOM (assume 500 millions)  with 1 billions revenue X 0.08 (ship repair usually may see higher margin) = 80 millions. Total Profit = 380 millions / 68 billions share. = 0.056 EPS. Assume PE = 10 for ship building and repair business. = fair value should be $0.56 if business does good as what described in the above forecast.    Eagle88      ( Date: 22-Mar-2023 14:12) Posted: If $1.2B/68B shares = $0.0176 per share The share price should be $0.0176 / 5% FD Rate = $0.35 per share. The share price now is only $0.110, so it is very much discountered if the new management is able to deliver the profit based on the revenue that SM can get from the orders on hand
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zhixuen Veteran	22-Mar-2023 15:01        zhixuen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Your calculation is taking into consideration of 20% margin that it is hypothetically optimistic  prediction.  20% does not make sense in current business environment. Why did you use 5% FD in the fraction of $0.0176 earning per share?  I' m more conservation, presuming 18 billions awarded project delivered for next 3 years. Profit margin 5%  18/3 = 6 billions X 0.05 = 300 millions profit that come from new building, convertion and specilized shipbuilding.  For ship repair I referenced to recent business update where SCM (500 millions) + KOM (assume 500 millions)  with 1 billions revenue X 0.08 (ship repair usually may see higher margin) = 80 millions. Total Profit = 380 millions / 68 billions share. = 0.056 EPS. Assume PE = 10 for ship building and repair business. = fair value should be $0.56 if business does good as what described in the above forecast.    Eagle88      ( Date: 22-Mar-2023 14:12) Posted: If $1.2B/68B shares = $0.0176 per share The share price should be $0.0176 / 5% FD Rate = $0.35 per share. The share price now is only $0.110, so it is very much discountered if the new management is able to deliver the profit based on the revenue that SM can get from the orders on hand. Eagle88      ( Date: 22-Mar-2023 13:59) Posted: If SM can clear the orders in 3 years, Let say it is 18B instead of 20B, so 18B / 3 = 6B / yr, if SM can make 20% profit, it will be 1.2B a year. It is very much depends on how the new management to carry out the operations and cost control etc. SM must have the capacity to digest the orders and to deliver ontime and collect all the payments
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rledchg11 Member	22-Mar-2023 14:25        rledchg11 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanks for the analysis. super helpful.  kam seh ha mi da. :)) Eagle88      ( Date: 22-Mar-2023 14:12) Posted: If $1.2B/68B shares = $0.0176 per share The share price should be $0.0176 / 5% FD Rate = $0.35 per share. The share price now is only $0.110, so it is very much discountered if the new management is able to deliver the profit based on the revenue that SM can get from the orders on hand. Eagle88      ( Date: 22-Mar-2023 13:59) Posted: If SM can clear the orders in 3 years, Let say it is 18B instead of 20B, so 18B / 3 = 6B / yr, if SM can make 20% profit, it will be 1.2B a year. It is very much depends on how the new management to carry out the operations and cost control etc. SM must have the capacity to digest the orders and to deliver ontime and collect all the payments
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Eagle88 Supreme	22-Mar-2023 14:12        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If $1.2B/68B shares = $0.0176 per share The share price should be $0.0176 / 5% FD Rate = $0.35 per share. The share price now is only $0.110, so it is very much discountered if the new management is able to deliver the profit based on the revenue that SM can get from the orders on hand. Eagle88      ( Date: 22-Mar-2023 13:59) Posted: If SM can clear the orders in 3 years, Let say it is 18B instead of 20B, so 18B / 3 = 6B / yr, if SM can make 20% profit, it will be 1.2B a year. It is very much depends on how the new management to carry out the operations and cost control etc. SM must have the capacity to digest the orders and to deliver ontime and collect all the payments. Andrewtan18      ( Date: 22-Mar-2023 11:34) Posted: NTA refers to Tangible Assets less Liabilities. Tangible assets are physical assets or cash reflected on the balance sheet. SMM has an order book from customers valued at $18b. This item is off balance sheet and is therefore not part of tangible asset. It is however an indication of future income. So your concern about NTA being $0.07 when compared to share price is misplaced.
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Eagle88 Supreme	22-Mar-2023 13:59        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If SM can clear the orders in 3 years, Let say it is 18B instead of 20B, so 18B / 3 = 6B / yr, if SM can make 20% profit, it will be 1.2B a year. It is very much depends on how the new management to carry out the operations and cost control etc. SM must have the capacity to digest the orders and to deliver ontime and collect all the payments. Andrewtan18      ( Date: 22-Mar-2023 11:34) Posted: NTA refers to Tangible Assets less Liabilities. Tangible assets are physical assets or cash reflected on the balance sheet. SMM has an order book from customers valued at $18b. This item is off balance sheet and is therefore not part of tangible asset. It is however an indication of future income. So your concern about NTA being $0.07 when compared to share price is misplaced.  Red_Bean      ( Date: 21-Mar-2023 13:27) Posted: Lol....be more realistic when set your target price ... net tangible assets (NTA) per share for the combined entity is  less than $0.07.
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eugesun Elite	22-Mar-2023 13:18        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	👏 👏 👏 👏 👏 well said...30 cents coming....huat ah...hold long for retirement... Andrewtan18      ( Date: 22-Mar-2023 11:34) Posted: NTA refers to Tangible Assets less Liabilities. Tangible assets are physical assets or cash reflected on the balance sheet. SMM has an order book from customers valued at $18b. This item is off balance sheet and is therefore not part of tangible asset. It is however an indication of future income. So your concern about NTA being $0.07 when compared to share price is misplaced.  Red_Bean      ( Date: 21-Mar-2023 13:27) Posted: Lol....be more realistic when set your target price ... net tangible assets (NTA) per share for the combined entity is  less than $0.07.
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n3wbie Elite	22-Mar-2023 11:34        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Agree - name change is secondary and reflective of the new vision of where the company should and will be. Focus is on the details of the strategy and the new management' s execution ahead to take the group there FATABA      ( Date: 22-Mar-2023 10:25) Posted: I am just awaiting SM to announce the next project and new CEO Chris to make his first speech and plan for the new SM  New SM will never be the same again ..w or without name change.    Christrade      ( Date: 21-Mar-2023 23:06) Posted: 😁 😁 天 天 福 满 家
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Andrewtan18 Senior	22-Mar-2023 11:34        Andrewtan18 About Contact  Quote this Post!
x 0   x 0  Alert Admin	NTA refers to Tangible Assets less Liabilities. Tangible assets are physical assets or cash reflected on the balance sheet. SMM has an order book from customers valued at $18b. This item is off balance sheet and is therefore not part of tangible asset. It is however an indication of future income. So your concern about NTA being $0.07 when compared to share price is misplaced.  Red_Bean      ( Date: 21-Mar-2023 13:27) Posted: Lol....be more realistic when set your target price ... net tangible assets (NTA) per share for the combined entity is  less than $0.07.
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Eagle88 Supreme	22-Mar-2023 11:23        Eagle88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very strong support at 109, so any time will break 110... tofudidi      ( Date: 22-Mar-2023 11:18) Posted: wait for the 1 mouth clear 110
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tofudidi Supreme	22-Mar-2023 11:18        tofudidi About Contact  Quote this Post!
x 0   x 0  Alert Admin	wait for the 1 mouth clear 110
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beetlejuice Master	22-Mar-2023 10:54        beetlejuice About Contact  Quote this Post!
x 0   x 0  Alert Admin	I booked my SCM & Keppel holding costs at $0 & $5.39 respectively. So no stress whatever is SCM price. Anyway, I believe more good things akan datang for SCM with new management in charge. 💰 🧧 newbie19      ( Date: 22-Mar-2023 10:43) Posted: Yes exactly like i said earlier on....... It will never be the same.. FATABA      ( Date: 22-Mar-2023 10:25) Posted: I am just awaiting SM to announce the next project and new CEO Chris to make his first speech and plan for the new SM  New SM will never be the same again ..w or without name change.
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newbie19 Supreme	22-Mar-2023 10:43        newbie19 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Yes exactly like i said earlier on....... It will never be the same.. FATABA      ( Date: 22-Mar-2023 10:25) Posted: I am just awaiting SM to announce the next project and new CEO Chris to make his first speech and plan for the new SM  New SM will never be the same again ..w or without name change.    Christrade      ( Date: 21-Mar-2023 23:06) Posted: 😁 😁 天 天 福 满 家
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FATABA Supreme	22-Mar-2023 10:25        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I am just awaiting SM to announce the next project and new CEO Chris to make his first speech and plan for the new SM  New SM will never be the same again ..w or without name change.    Christrade      ( Date: 21-Mar-2023 23:06) Posted: 😁 😁 天 天 福 满 家 newbie19      ( Date: 21-Mar-2023 16:58) Posted: 说 的 好 。 天 天 来 ， 天 天 笑 。 😁 😁
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