SembCorp Marine *Official* (SGX: S51)

[teerance85]

Sembcorp Marine

SembMarine reported a 48% loss on its q3 earnings. Shares plunged to $4.39 compared to yesterday's closing at $4.7.

Any bros here entering semb marine?

 

[Departure81]

Shiok man! Big drop today!

 

[Dividends Warrior]

Probably will plunge some more.

 

[remy3413]

anyone went in? looks attractive, sembmarine also pays special dividends at the end of the FY...tempted...

 

[Hoo8899]

prepare to load

 

[princessreiko]

Anyone bought this today?

 

[rine5]

Next 2 supports should be 4.35, failing which will be the gap support at 4.3.

Sembmar is on a long term downtrend stretching all the way back to Mar 2012. Seems like there are further downside.

Even if the fundamentals of the company are good, at least wait for some rebound signals before buying in?

My 2 cents.

 

[cheong79]

Sembcorp Marine Ltd fell to the lowest in more than four months after a broker cut its target price on the world's second-largest builder of offshore oil rigs.

Shares of Sembcorp Marine slid as much as 1.8 percent to S$4.35, the lowest since late November.

 

[Garlic & Butter]

that sinking rig accident could had been n omen
heavy iron anchor preventing it from sailing out

 

[cheong79]

Warren Buffet said : “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”.

 

[Dividends Warrior]

I prefer the parent.

 

[addict951]

Careful hor
dun anyhow board
the yield plunged by more than 50% on the latest CD

 

[remy3413]

Careful hor
dun anyhow board
the yield plunged by more than 50% on the latest CD

Don't worry, sembmarine cash rich enough, richer than parent company

 

[bhalimking]

I prefer the parent.

I prefer the parent too

The parent has an incredible utilities business which can grow further (though margins looks to drop as well)

 

[remy3413]

I prefer the parent too

The parent has an incredible utilities business which can grow further (though margins looks to drop as well)

Temasek set up pavilion energy to meet rising demand for LNG, who knows maybe temasek takeover sembcorp in years to come LOL

 

[cheong79]

Don't worry, sembmarine cash rich enough, richer than parent company

Sembmarine cash reserve has been falling greatly due to set up yard in brazil.

Riaising cost in new yard, hard to find skilled workers. Competition from china and korea ship builder going into rig builder. And lastly thin profit margin on each contract won.

This make people very fearful.

 

[princessreiko]

Warren Buffet said : “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”.

I love this quote by Warren Buffet.
But this stock, I am really too fearful.
Have been monitoring it for the past few days.
No guts to buy it yet.

 

[My Little Diary 88]

I love this quote by Warren Buffet.
But this stock, I am really too fearful.
Have been monitoring it for the past few days.
No guts to buy it yet.

Trust your gut instinct, especially since it has been marinated in Warren Buffet's wisdom.

 

[teerance85]

Sembmarine has a huge chunk of orders in their order book. So im keeping my fingers crossed though.

 

[princessreiko]

Sembmarine has a huge chunk of orders in their order book. So im keeping my fingers crossed though.

I believe it will pick up as its parent will never let it fail.
However I can't wait.
Buying a stock is like choosing a date for an outing.
It must be attractive, if not it must show that it has potential.

Sembmarine has many orders, but is it because the profit margin is low?