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BinderyT Elite	10-Sep-2024 10:40        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Queue at 155 maybe got chance. Joyoftheworld      ( Date: 10-Sep-2024 10:34) Posted: Queuing at 154 and 152.
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Joyoftheworld Master	10-Sep-2024 10:34        Joyoftheworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	Queuing at 154 and 152.
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PL1968 Senior	10-Sep-2024 10:04        PL1968 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good 👍 BinderyT      ( Date: 10-Sep-2024 02:06) Posted: Thanks! War3craft2003      ( Date: 09-Sep-2024 19:53) Posted: https://www.straitstimes.com/business/companies-markets/singapore-om-companies-enjoy-winds-of-recovery-new-opportunities-in-renewable-energy SINGAPORE ? Offshore and marine (O&M) companies listed here have bright prospects ahead, as they are well positioned to take on projects in the growing renewables space while also benefiting from their existing order books, experts said. These companies revealed good results in the latest earnings season, when many reported profits for the April to June quarter and the first half of 2024. This trend is expected to continue in the months ahead, experts added, with the firms enjoying a strong pipeline of work and the capabilities to take on greener projects as well. OCBC Investment Research head Carmen Lee said: ?In general, the O&M sector has seen a continued recovery and this is also seen in the share price performance of a number of names in the sector.? For example, Dyna-Mac and Yangzijiang Shipbuilding have delivered total returns of 74 per cent and 64 per cent respectively year to date, based on Sept 6?s closing prices. She noted that other names such as Beng Kuang Marine and Mermaid Maritime have also performed well. Maybank Securities analyst Jarick Seet pointed out that the floating production storage and offloading (FPSO) space continues to be robust, as well as offshore support vessel charters for oil and gas. He added that renewable energy opportunities, such as wind farms, continue to be bright spots for Singapore?s O&M companies. DBS analyst Ho Pei Hwa said O&M firms are positioning themselves to benefit from the clean energy transition by leveraging their offshore engineering capabilities in wind farms and other offshore renewables projects. Interest in Seatrium continues Investors also continue to focus on Seatrium, which returned to profitability with a net profit of $36 million in the first half of 2024. It has secured $13.4 billion worth of new orders from new and repeat customers over that same period. Ms Ho noted that Seatrium is active in areas like providing high-voltage direct current transmission systems. ?Combining the strength of former Keppel Offshore & Marine and Sembcorp Marine, Seatrium is uniquely positioned as a leading globally competitive clean energy solutions provider, with distinctive competencies ? a world-class, global network of yards, strong offshore engineering capabilities and innovation,? she said in a note in August. She has a 12-month price target for Seatrium of $3. It closed at $1.56 on Sept 6. OCBC analyst Ada Lim noted that Seatrium?s share price saw some correction after the authorities in Brazil asked for information related to Operation Car Wash, a probe into allegations of payoffs to secure energy-related contracts in that country. ?Nonetheless, we think its fundamental industry outlook remains constructive, and we see positive momentum especially for offshore platforms being contracted at improving margins in the current upcycle. ?However, investors may need to be patient as it will take time for Seatrium?s management to execute on its order book and deliver the performance necessary to restore market confidence in the stock,? she said. Other O&M companies also posted strong results and have good prospects, experts noted. Dyna-Mac, a leading fabricator of offshore topside modules and facilities such as FPSO vessels, saw its profit surge 283.9 per cent to $38.8 million for the first half of 2024 on higher productivity, revenue and project completion. Ms Lim said its strategy to remain focused on constructing niche topside modules and to differentiate itself through quality and timely deliveries positions it well to capture demand for such modules amid a shortage in capacity to build them. A topside module refers to the structures and equipment on the upper section, or top side of an offshore platform, such as an oil rig or FPSO vessel. Dyna-Mac is also listed among RHB?s top Singapore small-cap companies in its 2024 edition. RHB analyst Alfie Yeo said in the note that the company has been adding yard capacity and that it also plans to move up the value chain by diversifying into liquefied natural gas and renewable hydrogen or ammonia modules, among others. Mr Seet said: ?We expect Dyna-Mac to win larger contracts, boosting its revenue and order book, which is already at a high.? Brighter outlook for O&M firms Offshore services provider Beng Kuang Marine saw its revenue surge 88.1 per cent for the first half that ended on June 30, compared with the same period in 2023. Mr Seet expects the second half of the year to likely replicate or even improve its first-half performance, due to the robust tailwind in the FPSO sector. ?However, much higher than expected administration expenses hampered operating margins but we believe this will improve going forward,? he added. Beng Kuang Marine was added to the SGX watch list under the Financial Entry Criteria in June 2023 for accumulating losses. But with its strategic initiatives to rationalise and streamline operations, and discontinuation of loss-making activities, the company progressively enhanced its gross profit margin to 35.5 per cent in the first half of the 2024 financial year. Other companies like Marco Polo Marine also face better prospects. For one thing, robust demand for offshore wind farms in Asia and the transition to renewable energy give these players vast opportunities, experts said. Mr Yeo said in the report on top small caps that the outlook is ?buoyant? for Marco Polo Marine, as its ship-chartering business continues to support offshore oil and gas projects, especially in South-east Asia, and wind farms in Taiwan. Other companies like Marco Polo Marine also face better prospects as its ship chartering business continues to support offshore oil and gas projects. PHOTO: MARCO POLO MARINE Mermaid Maritime, an international subsea and offshore drilling services company, also made RHB?s top small caps list. RHB analyst Vijay Natarajan noted that upsides for the firm include sustained high oil prices, which can lead to more contract wins. ?With a sturdy order book and high oil prices, its earnings recovery could well continue on this year. Its relatively low net debt, coupled with a supportive parent and major shareholder, provides a buffer against any downsides, in our view,? he said. But experts also highlight risks to O&M companies, including a steep learning curve when venturing into new business segments. ?Sustainable projects could also get competitive in a more mature market, pressing down project returns. The decarbonisation drive is also heavily dependent on government policies especially subsidies,? said Ms Ho. Mr Seet also pointed to global economic risks, such as a recession, or an escalation in geopolitical conflicts.
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easywin Supreme	10-Sep-2024 09:54        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very bullish after 1.60 more to go
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ahbui8 Master	10-Sep-2024 09:48        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	BBQ Shortist
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Chansenghoe1971 Elite	10-Sep-2024 09:47        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	170 end sept 10 more bids niaaaa
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CheongArgh Master	10-Sep-2024 09:12        CheongArgh About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	183...here I come !
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easywin Supreme	10-Sep-2024 09:12        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like good chance to earn easy money for today
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BinderyT Elite	10-Sep-2024 02:06        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks! War3craft2003      ( Date: 09-Sep-2024 19:53) Posted: https://www.straitstimes.com/business/companies-markets/singapore-om-companies-enjoy-winds-of-recovery-new-opportunities-in-renewable-energy SINGAPORE ? Offshore and marine (O&M) companies listed here have bright prospects ahead, as they are well positioned to take on projects in the growing renewables space while also benefiting from their existing order books, experts said. These companies revealed good results in the latest earnings season, when many reported profits for the April to June quarter and the first half of 2024. This trend is expected to continue in the months ahead, experts added, with the firms enjoying a strong pipeline of work and the capabilities to take on greener projects as well. OCBC Investment Research head Carmen Lee said: ?In general, the O&M sector has seen a continued recovery and this is also seen in the share price performance of a number of names in the sector.? For example, Dyna-Mac and Yangzijiang Shipbuilding have delivered total returns of 74 per cent and 64 per cent respectively year to date, based on Sept 6?s closing prices. She noted that other names such as Beng Kuang Marine and Mermaid Maritime have also performed well. Maybank Securities analyst Jarick Seet pointed out that the floating production storage and offloading (FPSO) space continues to be robust, as well as offshore support vessel charters for oil and gas. He added that renewable energy opportunities, such as wind farms, continue to be bright spots for Singapore?s O&M companies. DBS analyst Ho Pei Hwa said O&M firms are positioning themselves to benefit from the clean energy transition by leveraging their offshore engineering capabilities in wind farms and other offshore renewables projects. Interest in Seatrium continues Investors also continue to focus on Seatrium, which returned to profitability with a net profit of $36 million in the first half of 2024. It has secured $13.4 billion worth of new orders from new and repeat customers over that same period. Ms Ho noted that Seatrium is active in areas like providing high-voltage direct current transmission systems. ?Combining the strength of former Keppel Offshore & Marine and Sembcorp Marine, Seatrium is uniquely positioned as a leading globally competitive clean energy solutions provider, with distinctive competencies ? a world-class, global network of yards, strong offshore engineering capabilities and innovation,? she said in a note in August. She has a 12-month price target for Seatrium of $3. It closed at $1.56 on Sept 6. OCBC analyst Ada Lim noted that Seatrium?s share price saw some correction after the authorities in Brazil asked for information related to Operation Car Wash, a probe into allegations of payoffs to secure energy-related contracts in that country. ?Nonetheless, we think its fundamental industry outlook remains constructive, and we see positive momentum especially for offshore platforms being contracted at improving margins in the current upcycle. ?However, investors may need to be patient as it will take time for Seatrium?s management to execute on its order book and deliver the performance necessary to restore market confidence in the stock,? she said. Other O&M companies also posted strong results and have good prospects, experts noted. Dyna-Mac, a leading fabricator of offshore topside modules and facilities such as FPSO vessels, saw its profit surge 283.9 per cent to $38.8 million for the first half of 2024 on higher productivity, revenue and project completion. Ms Lim said its strategy to remain focused on constructing niche topside modules and to differentiate itself through quality and timely deliveries positions it well to capture demand for such modules amid a shortage in capacity to build them. A topside module refers to the structures and equipment on the upper section, or top side of an offshore platform, such as an oil rig or FPSO vessel. Dyna-Mac is also listed among RHB?s top Singapore small-cap companies in its 2024 edition. RHB analyst Alfie Yeo said in the note that the company has been adding yard capacity and that it also plans to move up the value chain by diversifying into liquefied natural gas and renewable hydrogen or ammonia modules, among others. Mr Seet said: ?We expect Dyna-Mac to win larger contracts, boosting its revenue and order book, which is already at a high.? Brighter outlook for O&M firms Offshore services provider Beng Kuang Marine saw its revenue surge 88.1 per cent for the first half that ended on June 30, compared with the same period in 2023. Mr Seet expects the second half of the year to likely replicate or even improve its first-half performance, due to the robust tailwind in the FPSO sector. ?However, much higher than expected administration expenses hampered operating margins but we believe this will improve going forward,? he added. Beng Kuang Marine was added to the SGX watch list under the Financial Entry Criteria in June 2023 for accumulating losses. But with its strategic initiatives to rationalise and streamline operations, and discontinuation of loss-making activities, the company progressively enhanced its gross profit margin to 35.5 per cent in the first half of the 2024 financial year. Other companies like Marco Polo Marine also face better prospects. For one thing, robust demand for offshore wind farms in Asia and the transition to renewable energy give these players vast opportunities, experts said. Mr Yeo said in the report on top small caps that the outlook is ?buoyant? for Marco Polo Marine, as its ship-chartering business continues to support offshore oil and gas projects, especially in South-east Asia, and wind farms in Taiwan. Other companies like Marco Polo Marine also face better prospects as its ship chartering business continues to support offshore oil and gas projects. PHOTO: MARCO POLO MARINE Mermaid Maritime, an international subsea and offshore drilling services company, also made RHB?s top small caps list. RHB analyst Vijay Natarajan noted that upsides for the firm include sustained high oil prices, which can lead to more contract wins. ?With a sturdy order book and high oil prices, its earnings recovery could well continue on this year. Its relatively low net debt, coupled with a supportive parent and major shareholder, provides a buffer against any downsides, in our view,? he said. But experts also highlight risks to O&M companies, including a steep learning curve when venturing into new business segments. ?Sustainable projects could also get competitive in a more mature market, pressing down project returns. The decarbonisation drive is also heavily dependent on government policies especially subsidies,? said Ms Ho. Mr Seet also pointed to global economic risks, such as a recession, or an escalation in geopolitical conflicts.
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War3craft2003 Member	09-Sep-2024 19:53        War3craft2003 About Contact  Quote this Post!
x 1   x 0  Alert Admin	https://www.straitstimes.com/business/companies-markets/singapore-om-companies-enjoy-winds-of-recovery-new-opportunities-in-renewable-energy SINGAPORE ? Offshore and marine (O&M) companies listed here have bright prospects ahead, as they are well positioned to take on projects in the growing renewables space while also benefiting from their existing order books, experts said. These companies revealed good results in the latest earnings season, when many reported profits for the April to June quarter and the first half of 2024. This trend is expected to continue in the months ahead, experts added, with the firms enjoying a strong pipeline of work and the capabilities to take on greener projects as well. OCBC Investment Research head Carmen Lee said: ?In general, the O&M sector has seen a continued recovery and this is also seen in the share price performance of a number of names in the sector.? For example, Dyna-Mac and Yangzijiang Shipbuilding have delivered total returns of 74 per cent and 64 per cent respectively year to date, based on Sept 6?s closing prices. She noted that other names such as Beng Kuang Marine and Mermaid Maritime have also performed well. Maybank Securities analyst Jarick Seet pointed out that the floating production storage and offloading (FPSO) space continues to be robust, as well as offshore support vessel charters for oil and gas. He added that renewable energy opportunities, such as wind farms, continue to be bright spots for Singapore?s O&M companies. DBS analyst Ho Pei Hwa said O&M firms are positioning themselves to benefit from the clean energy transition by leveraging their offshore engineering capabilities in wind farms and other offshore renewables projects. Interest in Seatrium continues Investors also continue to focus on Seatrium, which returned to profitability with a net profit of $36 million in the first half of 2024. It has secured $13.4 billion worth of new orders from new and repeat customers over that same period. Ms Ho noted that Seatrium is active in areas like providing high-voltage direct current transmission systems. ?Combining the strength of former Keppel Offshore & Marine and Sembcorp Marine, Seatrium is uniquely positioned as a leading globally competitive clean energy solutions provider, with distinctive competencies ? a world-class, global network of yards, strong offshore engineering capabilities and innovation,? she said in a note in August. She has a 12-month price target for Seatrium of $3. It closed at $1.56 on Sept 6. OCBC analyst Ada Lim noted that Seatrium?s share price saw some correction after the authorities in Brazil asked for information related to Operation Car Wash, a probe into allegations of payoffs to secure energy-related contracts in that country. ?Nonetheless, we think its fundamental industry outlook remains constructive, and we see positive momentum especially for offshore platforms being contracted at improving margins in the current upcycle. ?However, investors may need to be patient as it will take time for Seatrium?s management to execute on its order book and deliver the performance necessary to restore market confidence in the stock,? she said. Other O&M companies also posted strong results and have good prospects, experts noted. Dyna-Mac, a leading fabricator of offshore topside modules and facilities such as FPSO vessels, saw its profit surge 283.9 per cent to $38.8 million for the first half of 2024 on higher productivity, revenue and project completion. Ms Lim said its strategy to remain focused on constructing niche topside modules and to differentiate itself through quality and timely deliveries positions it well to capture demand for such modules amid a shortage in capacity to build them. A topside module refers to the structures and equipment on the upper section, or top side of an offshore platform, such as an oil rig or FPSO vessel. Dyna-Mac is also listed among RHB?s top Singapore small-cap companies in its 2024 edition. RHB analyst Alfie Yeo said in the note that the company has been adding yard capacity and that it also plans to move up the value chain by diversifying into liquefied natural gas and renewable hydrogen or ammonia modules, among others. Mr Seet said: ?We expect Dyna-Mac to win larger contracts, boosting its revenue and order book, which is already at a high.? Brighter outlook for O&M firms Offshore services provider Beng Kuang Marine saw its revenue surge 88.1 per cent for the first half that ended on June 30, compared with the same period in 2023. Mr Seet expects the second half of the year to likely replicate or even improve its first-half performance, due to the robust tailwind in the FPSO sector. ?However, much higher than expected administration expenses hampered operating margins but we believe this will improve going forward,? he added. Beng Kuang Marine was added to the SGX watch list under the Financial Entry Criteria in June 2023 for accumulating losses. But with its strategic initiatives to rationalise and streamline operations, and discontinuation of loss-making activities, the company progressively enhanced its gross profit margin to 35.5 per cent in the first half of the 2024 financial year. Other companies like Marco Polo Marine also face better prospects. For one thing, robust demand for offshore wind farms in Asia and the transition to renewable energy give these players vast opportunities, experts said. Mr Yeo said in the report on top small caps that the outlook is ?buoyant? for Marco Polo Marine, as its ship-chartering business continues to support offshore oil and gas projects, especially in South-east Asia, and wind farms in Taiwan. Other companies like Marco Polo Marine also face better prospects as its ship chartering business continues to support offshore oil and gas projects. PHOTO: MARCO POLO MARINE Mermaid Maritime, an international subsea and offshore drilling services company, also made RHB?s top small caps list. RHB analyst Vijay Natarajan noted that upsides for the firm include sustained high oil prices, which can lead to more contract wins. ?With a sturdy order book and high oil prices, its earnings recovery could well continue on this year. Its relatively low net debt, coupled with a supportive parent and major shareholder, provides a buffer against any downsides, in our view,? he said. But experts also highlight risks to O&M companies, including a steep learning curve when venturing into new business segments. ?Sustainable projects could also get competitive in a more mature market, pressing down project returns. The decarbonisation drive is also heavily dependent on government policies especially subsidies,? said Ms Ho. Mr Seet also pointed to global economic risks, such as a recession, or an escalation in geopolitical conflicts.
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BinderyT Elite	09-Sep-2024 16:24        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Impulse wave c to 1.83!
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BinderyT Elite	09-Sep-2024 14:27        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok, seriously.   No if CEO is unambitious and low balling.   His 8% ROE by 2028 is only $510m.   This is low as SM was over $560m at peak and Keppel O& M has not been included.   If we take $600m and a generous 18x PE, share price will be approximately $3.15. MrBear12      ( Date: 09-Sep-2024 13:14) Posted: More likely 2028 Joyoftheworld      ( Date: 09-Sep-2024 13:07) Posted: Possible. 202
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BinderyT Elite	09-Sep-2024 14:07        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looking at US futures.   I think the long awaited bear rally might be here.
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eugesun Elite	09-Sep-2024 13:42        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	8 dollar 💰 💵 💵 MrBear12      ( Date: 09-Sep-2024 13:14) Posted: More likely 2028 Joyoftheworld      ( Date: 09-Sep-2024 13:07) Posted: Possible. 202
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MrBear12 Supreme	09-Sep-2024 13:14        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	More likely 2028 Joyoftheworld      ( Date: 09-Sep-2024 13:07) Posted: Possible. 2026 BinderyT      ( Date: 09-Sep-2024 11:35) Posted: $
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Joyoftheworld Master	09-Sep-2024 13:07        Joyoftheworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	Possible. 2026 BinderyT      ( Date: 09-Sep-2024 11:35) Posted: $5 Joyoftheworld      ( Date: 09-Sep-2024 11:16) Posted: Great, I have 146, 144 and 142 queue waiting...
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BinderyT Elite	09-Sep-2024 11:35        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	$5 Joyoftheworld      ( Date: 09-Sep-2024 11:16) Posted: Great, I have 146, 144 and 142 queue waiting.... 2egg4kosong      ( Date: 09-Sep-2024 10:35) Posted: 152 breaks likely to revist low 140s again
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Joyoftheworld Master	09-Sep-2024 11:16        Joyoftheworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	Great, I have 146, 144 and 142 queue waiting.... 2egg4kosong      ( Date: 09-Sep-2024 10:35) Posted: 152 breaks likely to revist low 140s again. 2egg4kosong      ( Date: 03-Sep-2024 18:00) Posted: Short term downward trend started ... very lucky to have unloaded cash position to ABN plus added some shorts :)
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eugesun Elite	09-Sep-2024 11:03        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Huat ahhh, I have extra cash now... slowly accumulate... Joyoftheworld      ( Date: 09-Sep-2024 09:23) Posted: Waiting at 152 and 149...seems like got chance today.
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tonytony Veteran	09-Sep-2024 10:38        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oil price declined a lot
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