|Bid||2.09 x 0|
|Ask||2.10 x 0|
|Day's range||2.05 - 2.11|
|52-week range||1.55 - 2.81|
|PE ratio (TTM)||298.57|
|Earnings date||25 Apr 2018 - 30 Apr 2018|
|Forward dividend & yield||0.02 (0.96%)|
|1y target est||2.12|
The latest quarter saw some companies posting mixed results, and the list includes First Resources Ltd (SGX:EB5) and Sembcorp Industries Limited (SGX:U96).
The poor performance of its rigs business pulled revenue down by 41.8%. Sembcorp Marine (Sembmarine) was hit by a loss of $34.99m in Q4, no thanks to the poor performance of its rigs & floaters and offshore ...
Firms could save costs of $50-$100 per foreign worker. The foreign worker levy hikes in the marine sector will be deferred by one more year until the end of June 2019, due to cyclical weakness. According to DBS Equity Research, this brings about cost savings of $50 and $100 per basic tier R1 and R2 worker respectively, which levies stay at current $300 and $400 respectively.
This makes its parent company, Sembcorp Industries, the best performing stock in January. Sembcorp Marine Ltd. has gained almost S$2 billion ($1.5 billion) in just three weeks -- making its parent Singapore’s best-performing stock in the past month -- as investors and analysts became more optimistic on the prospect of a potential surge in new orders amid rising oil prices. The company, which is majority-owned by Sembcorp Industries Ltd., has received at least three rating upgrades from research firms this year.
Dec 26 (Reuters) - Singapore shares fell for a seventh session in eight on Tuesday, dragged down by stocks of Keppel Corp and Sembcorp Marine which were named among foreign companies that did business ...
By Chandini Monnappa Dec 26 (Reuters) - Singapore shares hit their lowest in nearly six weeks on Tuesday, dragged down mainly by oil equipment and services providers after a unit of Keppel Corp Ltd agreed ...
CapitaLand Retail China Trust (CRCT) announced the joint acquisition of Rock Square in Guangzhou with CapitaLand in a 51:49 JV for total purchase consideration of $688.9m.
The contract will cover the engineering and construction of a hull and living quarters. Sembcorp Marine's (Sembmarine) subsidiary, Sembcorp Marine Rigs & Floaters Pte Ltd, won a $660.67m (US$490m) contract from Statoil Petroleum AS (Statoil) for one of its floating production, storage and offloading vessels (FPSO). Sembmarine announced on a press release that the contract focuses on the turnkey engineering, procurement, and construction of a hull and living quarters for the FPSO.
If it happens, Sembmarine's net gearing could fall to 70%. Sembcorp Marine's (Sembmarine) sale of its West Rigel submersible might be on the horizon, UOB Kay Hian said, citing rig brokers. A Sembmarine spokesperson declined to comment and said the reports are based on market hearsay.
Its total provisions made for Keppel and Sembmarine were $230m and $329m. Hopes hold firm for Keppel Corporation (Keppel) and Sembcorp Marine (Sembmarine) as they await provisions from Brazilian rig builder Sete Brasil. According to CIMB, which cited an Upstream report in August 2017, Sete Brasil could resume at least four drilling units in an attempt to resume operations.
With $2.5b in new orders pending, 2018 could be a big year. The lull could finally be over for Sembcorp Marine if it manages to bag orders worth $3.5b in 2018 and see its profits increase 56% in 2019 to ...
Marco Polo Drilling will withdraw its claims in the arbitration. Sembcorp Marine (Sembmarine) updated its contractual dispute with Marco Polo Drilling (MPD) after the two have been called into arbitration proceedings in 2016. According to an announcement, Sembmarine, through a subsidiary, entered an into a settlement agreement on a without admission of fault with MPD and Marco Polo Marine (MPM).
Sembcorp Marine is one of the largest oil rig builders in the world. The firm also has capabilities in performing repairs and upgrades of vessels, marine and offshore structures, among others. On 6 and 8 November 2017, Sembcorp Marine bought back a total of 300,000 shares at a price range of between S$1.9614 and S$1.9696 per share.
Amara Holdings (Amara) guided for an 89% average occupancy rate (AOR) for Amara Singapore for 8M17 slightly higher than 8M16’s 88%. Likewise, Amara Sanctuary registered an AOR of 73% which improved significantly from 60% for 8M16.
Sembcorp Marine sold 15 rigs to Borr Drilling for US$1.3b. This chart from DBS Bank shows the sales volume of oil rigs have risen from 20 units to 26 units in Q2. Amongst the units sold in Q2, 15 were ...
Profits from its five rig building contracts have long been reversed out since 2015. Sembcorp Marine's recently disposed rigs from a contract with Oro Negro fell 35% from the original price of US$209m to $185.5m (US$136m). Profits from Perisai Petroleum have been reversed out 2x and from Oro Negro 3x.
The cost of the disposed Oro Negro rigs fell 35% from original price. Sembcorp Marine's recently disposed rigs from a contract with Oro Negro fell 35% from the original price of US$209m to $185.5m (US$136m). ...
Their worth is a 30% drop from the original value. Sembcorp Marine disposed nine jackup rigs to Borr Drilling Limited (Borr) for $1.8b (US$1.3b). According to DBS Equity Research, the price suggests an ...