Sembcorp Marine

Re: Sembcorp Marine

Postby behappyalways » Thu May 03, 2018 8:36 am

Sembmarine risks sinking in 2018 despite new orders
https://sbr.com.sg/shipping-marine/news ... new-orders
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Re: Sembcorp Marine

Postby behappyalways » Thu Oct 25, 2018 7:04 pm

SembMarine sinks into $30 mil loss in 3Q on continued low overall business volume
https://www.theedgesingapore.com/sembma ... ess-volume
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Re: Sembcorp Marine

Postby behappyalways » Tue Oct 30, 2018 4:49 pm

SembMarine wins renewable energy engineering contracts worth $200 mil
https://www.theedgesingapore.com/sembma ... th-200-mil
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Re: Sembcorp Marine

Postby behappyalways » Fri Feb 22, 2019 7:12 pm

SembMarine reports FY18 loss of $74 mil; Expects business environment to stay challenging
https://www.theedgesingapore.com/sembma ... hallenging
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Re: Sembcorp Marine

Postby behappyalways » Sun May 05, 2019 3:05 pm

SembMarine reports 68% lower 1Q earnings; says O&M outlook continues to improve
https://www.theedgesingapore.com/sembma ... es-improve
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Re: Sembcorp Marine

Postby winston » Wed Jul 03, 2019 10:45 am

Net gearing improves as Sleipnir sails

We visited SMM’s yard to see the world’s largest and strongest heavy lift crane, Sleipnir for Heerema. The unit was fully completed in 2Q19.

The payment term is milestone and we estimate c.S$300m of collection in 2Q19 with more payments in 2H19. Net gearing improves to 1.3x in 2Q19.

On the back of slower YTD order wins of c.S$200m, we taper our 2019 win expectations to S$1bn (from S$2bn). Our new TP is S$1.75.

Source: CIMB

https://brokingrfs.cimb.com/7xFgsU63Sxf ... Ttz4g2.pdf
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Re: Sembcorp Marine

Postby winston » Thu Jul 04, 2019 10:45 am

not vested

Sembcorp Marine (SMM SP) : BUY

Mkt. Cap: US$2,172m I 3m Avg. Daily Val: US$6.0m
Last Traded Price ( 3 Jul 2019): S$1.41
Price Target 12-mth: S$2.40 (70% upside)

Brazil yard under investigation
Brazilian authorities executed a search warrant on SMM’s Brazil yard, EJA
Former president of EJA assisting in investigations
Ongoing investigations will remain an overhang
Stock has underperformed YTD pending weak contract flow

Recommendation

The news would undoubtedly cause a knee jerk reaction to SMM’s stock price. Concern on the Brazil bribery issue has probably been another overhang on SMM’s share price besides concern of potential rights issue.

We believe the latter concern on rights issue has taken a back seat, with the shareholder loan by Sembcorp Industries.

We are cognizant that share price could remain volatile in the near term.

Our BUY call on SMM and S$2.40 TP hinges on order win uptick driving an earnings recovery


Source: DBS

https://researchwise.dbsvresearch.com/R ... =egbijkhea
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Re: Sembcorp Marine

Postby behappyalways » Wed Jul 10, 2019 3:08 pm

Police raid a reminder that Sembcorp Marine's Brazil woes are far from over
https://www.theedgesingapore.com/news/m ... e-far-over
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Re: Sembcorp Marine

Postby behappyalways » Tue Jul 30, 2019 8:35 am

SembMarine 2Q net loss shrinks 85% to $9 mil but outlook stays weak
https://www.theedgesingapore.com/capita ... stays-weak
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