Seatrium (formerly known as SembMarine)

Re: Sembcorp Marine

Postby behappyalways » Wed Sep 02, 2015 10:33 am

Low profit margins spoil Sembcorp Marine’s hefty Maersk deal
http://sbr.com.sg/energy-offshore/news/ ... aersk-deal
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Re: Sembcorp Marine

Postby behappyalways » Wed Dec 02, 2015 11:38 am

Sembcorp Marine Declines to Lowest in Six Years on Loss Warning
http://www.bloomberg.com/news/articles/ ... ss-warning
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Re: Sembcorp Marine

Postby behappyalways » Mon Dec 07, 2015 11:35 am

The perfect storm: Is another contract cancellation wave threatening to hit SembMarine?
http://sbr.com.sg/energy-offshore/news/ ... sembmarine
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Re: Sembcorp Marine

Postby behappyalways » Fri Jan 08, 2016 11:57 am

According to Maybank Kim Eng, the cancellation of almost all rig contracts is now a possibility and is no longer a far-fetched scenario.

Singapore rig builders in dire straits as Sete Brasil mulls bankruptcy filing
http://sbr.com.sg/energy-offshore/news/ ... tcy-filing
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Re: Sembcorp Marine

Postby behappyalways » Tue Feb 16, 2016 2:38 pm

SembMarine sinks into full-year net loss of $290 million on impairments, provisions
http://sgx.i3investor.com/servlets/fdnews/58090.jsp
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Re: Sembcorp Marine

Postby winston » Fri Jun 10, 2016 3:09 pm

not vested

Our conversations with investors suggest offshore and marine (O&M) is an under-owned sector.

Hence, we replace City Development with SMM in our top buy list (TP SGD1.95).

SMM shares have seen heavy selling amid falling crude oil prices since mid-2014.

We see limited downside risks now, as:
(1) majority of its order book has delivery dates in the next 2-3 years when oil prices should be stronger; reducing deferment/impairment risks; and
(2) bulk of its order book exposure is not in the oversupplied shallow water space.

SMM also has greater expertise in the deepwater space (drill-ships and semi-subs) from an order book perspective among Singapore O&M peers, and this reinforces our view that deepwater remains a long-term growth story.

Source: DB
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Re: Sembcorp Marine

Postby behappyalways » Tue Aug 02, 2016 6:41 pm

Sembcorp Marine’s thinning orderbook threatens to sink profits: analysts
http://sbr.com.sg/energy-offshore/news/ ... s-analysts
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Re: Sembcorp Marine

Postby behappyalways » Tue Oct 25, 2016 10:20 pm

SembMarine sinks to net loss of $21.8 mil for 3Q
http://www.theedgemarkets.com.sg/sg/node/294470
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Re: Sembcorp Marine

Postby behappyalways » Wed Nov 16, 2016 11:19 am

SembMarine to sell 30% stake in Cosco Shipyard for $220.7 mil
http://www.theedgemarkets.com.sg/sg/art ... d-2207-mil
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Re: Sembcorp Marine

Postby winston » Wed Jan 11, 2017 9:21 am

Sembcorp Industries: Well-positioned to grow

As a leading developer, owner and operator of energy and water assets with strong operational, management and technical capabilities, Sembcorp Industries has grown its operations to 14 countries and looks set to cement its presence in Asia.

Though its marine segment is facing headwinds, the longer term outlook for the utilities segment remains positive, and the group is well-positioned to seize emerging market opportunities in its utilities segment.

Nearer to home, we will monitor the liberalisation of the retail electricity market, though it is likely that greater impact would be felt by the top 3 gencos (which SCI is not part of).

We have updated our SOTP valuation to incorporate our higher FV for the marine division, as well as tweaked our estimates for the utilities segment.

Source: OCBC
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