LIFETIME MEMBERSHIP For Sembcorp Marine share price (SGX: S51), is it a case of light at end of tunnel or light from an on-coming train? Given the devastating meltdown of Sembcorp Marine share price (SGX: S51), investors can ill-afford to ignore this rhetoric. The $1.5 billion announced on 24 June 2021 had erased more than 50% from Sembcorp Marine share price, causing the counter to plunge from $0.17 to $0.08. Question now: is there any value left in Sembcorp Marine share price? Make no mistake, sometimes cheap does not mean value. Investors who had subscribed to the 2020 and 2021 rights issues should be betting on the recovery of Sembcorp Marine share price (SGX: S51). While that day may eventually come, it could be a long wait. To put things into perspective, the oil and gas industry su

Wall Street’s all-time highs had little impact here; The STI ended the week 22 points or 0.7% down at 3,080.77; There was some caution ahead of the US Fed’s Jackson Hole meeting; That caution appeared unwarranted after Fed chief’s reassurances; Stocks in play included Nanofilm, Yangzijiang, SGX and ComfortDelgro; Manufacturing looks set to slow in months ahead Has the local market decoupled from Wall St? Conventional wisdom is that Wall Street plays a major role in influencing sentiment and determining daily market direction in most global markets, including Singapore’s – at least most of the time. Over the past 2-3 weeks, that belief has been challenged as the Straits Times Index has turned in an unremarkable performance, struggling to stay above the 3,100 level even as U

Read? Owning Singapore stocks has been a poor bet even for investors with long horizonsAlamak!Another one from BT laughing at Panda and Koala retail investors in local market! Chun bo?Hmm .. then we can look at Temasek's investment performance supported by an army of professionals and invest globally and privately.Read? Temasek’s net portfolio value rebounds to record highCW8888 One-man gang vs Temasek's Army of Professionals22 yrs at 5.9% as of today market closing  vs 8% 20 rolling yrs at FY 21Did Panda perform so badly meh?----------------------------------------------------WEALTH management experts often advise investors not to put any funds they might immediately need in the stock market.To maximise the benefit of traditionally high returns from owning stocks, an

This is the original commentary by SIAS, unedited version from The Business Times publication on 18 August 2021 By Friday 20 Aug, Sembcorp Marine’s (SCM) shareholders have to lodge their proxy forms for voting on the company’s recently proposed rights issue to raise S$1.5b. Time is therefore of the essence. In order to everyone to make an informed decision when casting their votes, it is imperative they familiarise themselves with the issues surrounding this capital raising exercise, one which it has to be said, is not without its critics, coming just over a year after SCM had already raised S$2.1b in order to demerge from its parent, Sembcorp Industries. For that first rights issue in June 2020, the company said the money was needed to strengthen its liquidity position and balance she

Singapore has one of the world’s busiest ports. Unsurprisingly, many marine and shipping companies, big and small, have made Singapore their home harbour. Aside from the large offshore and marine conglomerates such Sembcorp Marine and Keppel O&M, there are many smaller marine companies that call Singapore their home harbour. Today, we bring to your attention Kim Heng Limited (SGX: 5G2), an integrated marine and offshore company in Singapore. Listed on the SGX Catalist since 2014, Kim Heng Limited’s key revenue segments are renewable energy support services, vessel chartering, heavy equipment sales and rental and marine offshore support services in FY2020. The company also has 2 shipyards, fabrication facilities, 15 cranes as well as a vessel fleet of 11 tugs, 25 barges, 3 (Offshore

Earlier in June this year, Sembcorp Marine (or SMM) proposes a S$1.5 billion rights issue to meet immediate funding needs, strengthen its balance sheet and liquidity position amidst the continuing disruptions posed by COVID-19. SIAS has previously reached out to SMM with a set of questions on this proposed rights issue. In their written response, the unprecedented business conditions and challenges posed by COVID have given rise to the need for this capital call; and that these concerns were also reflected in their latest performance – having recorded a net loss of S$647 million for the first-half of 2021, including provisions of S$472 million. On 6th August 2021, SIAS organised a virtual dialogue session with Sembcorp Marine to allow its shareholders to understand more on the rights iss

On 02 August 2021, before the start of the trading day, four companies requested a trading halt. These stocks were Keppel Corporation, Keppel REIT, Singapore Press Holdings (SPH), and SPH REIT. Soon after, both SPH and Keppel released a joint statement for a proposed acquisition offer from Keppel at $2.2 billion for SPH non-media assets. SPH then followed up with a proposed $3.4 billion privatisation plan which involved the payment of cash, Keppel REIT and SPH REIT units to shareholders. In this week’s edition of 4 Stocks This Week, we look at these four stocks that are related to SPH proposed privatisation. Read Also: 5 Things To Know About Keppel Corp Privatisation Offer For SPH Keppel Corporation (SGX: BN4) Keppel Corporation (SGX: BN4) is a Singapore conglomerate that provides offsh

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Temasek Holdings is a private investment company headquartered in Singapore. It invests in private and public-listed assets spanning a broad spectrum of geographies and industries. As of 31 March 2021, its portfolio value stands at S$381 billion. While Temasek is not a listed company that investors like us can buy into, it owns a significant stake in some of Singapore’s largest companies and its moves are closely watched by the investment community. Temasek Review is an annual event where key executives present the company’s fund performance, portfolio allocation, and investment decisions taken over the year. Leading the presentation was Managing Director Fock Wai Hoong. This was followed by a Q&A session for Temasek’s panel of executives to address questions from the

LIFETIME MEMBERSHIP Sembcorp Marine share price became the talk of the town. And for all the wrong reasons. The $1.5 billion rights issue had led to a devastating meltdown in Sembcorp Marine share price, which plunged from $0.19 to the current low of $0.11. The correction amounted to about 42% across the span of nearly a month. Given the horrendous train-wreck of Sembcorp Marine share price, shareholders have every right to be angry with the management. From a blue chip among the prestigious Straits Times Index (STI) in 2016 to a cheap penny stock in 2021, Sembcorp Marine share price has become one of the biggest falling stars in SGX. How this counter managed to land in such a dismay state is beyond my understanding. But I reckon what riled shareholders the most is that the previous rights

Singapore is internationally recognized as one of the world’s top maritime ports, accorded as the world’s Top Maritime Centre for 8 consecutive years by the Xinhua-Baltic International Shipping Centre Development (ISDC) Index and the world’s Top Leading Maritime Capital Of The World for 4 consecutive years by Menon Economic’s Leading Maritime Capitals Of the World report. With such accolades, Singapore is home to many marine and shipping companies. While most Singaporeans are familiar with Sembcorp Marine and Keppel O&M, Singapore is also host to many smaller players in the marine industry that all play a part in our bustling port. One of these marine companies is Marco Polo Marine (SGX: 5LY) which has been listed on the SGX Mainboard since 2007. Macro Polo Marine operates regi

To Sembcorp Marine Ltd Attn: Mr Wong Weng Sun, President & CEO There is great concern amongst Sembcorp Marine’s (SCM’s) minority shareholders. With the previous major S$2.1 billion rights issuance in 2020 barely reached its first-year mark, SCM is reaching out to its shareholders for funds again. This will come as a surprise to SCM’s shareholders, especially when the Group CEO has alluded to some optimism in his FY2020 speech, as it was mentioned that the completion of the Group’s rights issue in 2020 has strengthened its liquidity position and balance sheet. Rationale for 2021 Rights Issuance Some shareholders are perplexed by (i) the rationale given, where this proposed rights issue endeavours to again “strengthen balance sheet and liquidity position”, and (ii) the signif

China’s attack on its US-listed companies drove early selling; Economic concerns prompted US bond rally – until Friday; STI recorded large daily swings with net 3 points gain at 3,131.40; US 10-year Treasury yield fell to 1.25% but ended at 1.36%; Sembmarine’s rights issue was in focus; Banks were strong first half performers: SGX; Companies bought back S$94m in shares in June China’s regulators attacked US-listed China companies It a fairly volatile trading week for the local stock market, with the Straits Times Index jumping almost 50 points on Tuesday as a delayed reaction to the US market’s all-time highs the previous week but then promptly losing a total of 83 points on Wednesday and Thursday. A Friday rebound of about 24 points ensured that the index moved into the blac

LIFETIME MEMBERSHIP It is a battle that Sembcorp Marine can ill-afford to lose. On 24 June, the announcement of the bombshell $1.5 billion rights issue led Sembcorp Marine share price to yet another dark chapter. Over the course of two weeks, Sembcorp Marine share price plunged by a staggering of nearly 35%. Given that the latest rights issue price is at an abysmal $0.08, it is reasonable to expect Sembcorp Marine to continue its disastrous run in the coming weeks. The sentiments for Sembcorp Marine share price are so toxic that not even the news of the merger with Keppel Offshore Marine (KOM) can halt the stock slump. The news of the $230 million contract win from Brazilian shipyard, for modification work to be completed on the Floating Production Storage and Offloading (FPSO) P-71 oil an

The STI gained 287 points or 10.1% in 1H at 3,130.46; The STI lost 34 points or 1.07% in June; Main forces were economic recovery versus virus resurgence and US inflation; Wall St has so far shrugged off inflation worries as transitory but investors should still be wary; US Fed has signaled it might increase the tapering of its bond purchases; Major news here – Keppel-SembCorp marine in talks to merge, CapitaLand to divest stakes in Raffles City projects and Hyflux to be liquidated. The main forces at play Over the course of June the Straits Times Index gyrated in line with three forces – on the one hand hopes that widespread vaccination programmes worldwide will soon see the reopening of many economies, whilst on the other, worries of a resurgence of Covid-19 cases and whether US

LIFETIME MEMBERSHIP Three cheers for Keppel share price! On 24 June, Keppel announced the signing of non-binding MOU with Sembcorp Marine with a view of combining Keppel Offshore & Marine (KOM) and Sembcorp Marine. Rumours of a merger between the two top dogs in the oil and gas sector had been swirling for years. Many investors had expected the deal to be the perfect catalyst for Keppel share price because of the economy of scale and operating synergies. Indeed, market reactions had been positive for Keppel initially. Keppel share price surged from $5.10 on 24 June to a high of $5.60 on 28 June. Within a span of just four days, Keppel share price increased by 10%. In my previous article, I wrote that my target Keppel share price in 2021 was $5.50. Now that the counter has crossed this

After announcing the potential merger between Sembcorp Marine and Keppel Corporation, Sembcorp Marine has been ... Read more >> The post Sembcorp Industries Ltd (SGX:U96): is it a good stock to buy now? first appeared on .

Monday, 12 April 2021Read? Kep Corp : Bought @ $5.48 for Round 99Thursday, 16 October 2014Read? Kep Corp : Bought @ $9.64 for Round 95 <--- Kena stuck and suck Panadols for donkey years!Thursday, 25 February 2021Read? Semb Corp: Sold $1.78 ROC 6.2%Monday, 13 October 2014SembCorp Industries (SCI): Bought @ $4.97 for Round 54  <--- Kena stuck and suck Panadols for donkey years!Read? SembCorp: You also feel depressed now and want to cut losses to ease your pain???Monday, 2 August 2010 <--- Somehow Uncle8888 didn't play buy-back game for SML since Aug 2010 for donkey years!  Lucky or what? Otherwise; Panadols can't help! Need Tramadol!Read? SML - Sold $4.05, ROC 5.5%

LIFETIME MEMBERSHIP What a mayhem for Sembcorp Marine share price! On 24 June, both Sembcorp Marine and Keppel Corp requested trading halts for their counters. The trading halts were in preparation for the release of the epic announcements in relation to the bombshell $1.5 billion rights issue and commencement of merger talks between Sembcorp Marine and Keppel Offshore & Marine (KOM). For Sembcorp Marine share price, it is a case of lightning strikes twice. The previous rights issue of $2.1 billion took place just in September 2020. And now, within a span of less than a year, Sembcorp Marine has come back to ask for more money from shareholders. To rub salt into injury, the latest cash call amounted to a staggering $1.5 billion, representing 63% of the current market capitalization. A

US market cheered US$1.2 trillion infrastructure package STI fell 23 points or 0.7% to 3,121.60 despite Wall St’s records; Wall Street’s “fear’’ index has fallen sharply, boosting sentiment; US inflation appears “transitory’’, also boosting sentiment; Keppel-SembMarine in talks to merge O&M assets SGX RegCo expands enforcement powers The Straits Times Index fell 23 points or 0.7% last week to 3,121.60 despite Wall Street’s positive showing. Trading was relatively brisk, with dollar volume staying above the S$1b mark every day. On the overseas front, the main market-moving news was the striking of a bipartisan agreement in Washington of a US$1.2 trillion infrastructure package that Wall Street celebrated by pushing the S&P 500 to all-time highs on Thursday and F