Sembcorp Industries

[winston]

Not vested. From UOBKH:-

Valuation/Recommendation

With 60% of its valuation derived from SMM, SCI’s share price performance is substantially dependent on SMM’s.

We raise our fair price for SCI by 9% to S$4.15, primarily due to a higher target price of S$3.85/share for SMM (previously S$3.60/share) and set at a 10% discount to our revised sum-ofthe-parts (SOTP) valuation of S$4.61/share.

The utilities business is valued at 10x 2011F PE.

[winston]

Not vested. From Phillips:-

Sembcorp Industries – Initiation (Alfred Low)
Recommendation: Buy
Previous close: S$4.20
Fair value: S$5.10



· Sembcorp Industries is a conglomerate that has four main businesses: utilities, marine, environment and industrial parks.

· It constantly seeks opportunities to grow its business in different parts of the world.

· It is building new shipyards in Singapore , Brazil and India .

· It is acquiring Cascal, a leading player in the water and wastewater services market.

· We forecast year-on-year increases of 4.6%, 10.2% and 9.7% in net profit for FY2010E, FY2011E and FY2012E respectively.

. We like Sembcorp Industries, as we believe that it can achieve stable growth in revenue and net profit for at least the next three years.

· With robust operating cash flows from its businesses, we expect it to pay dividends of S$0.15 per ordinary share in FY2010E, FY2011E and FY2012E.

· We initiate coverage of Sembcorp Industries with a Buy rating and target price of S$5.10.

[millionairemind]

August 12, 2010, 6.10 pm (Singapore time)

Sembcorp's Q2 net profits gain 13.6%

By JOYCE HOOI

SEMBCORP Industries posted a 13.6 per cent increase in its net profit for the second quarter of 2010, from S$141.9 million a year ago to S$161.2 million.

Revenue fell 12.2 per cent year-on-year to S$2.14 billion.

For the first half of the year, net profit was up 16.2 per cent to S$320.1 million, while revenue was at S$4.54 billion, S$800,000 lower compared to the same period last year.

Earnings per share for Q2 and H1 2010 stood at 8.97 cents and 17.83 cents respectively, up from 7.92 cents and 15.40 cents the corresponding periods the year before.

[winston]

Not vested

Sembcorp Industries ST: the downside prevails as long as 4.3 is resistance <SCIL.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/SCI ... 021429.gif

Our pivot point is at 4.3.

Our preference: the downside prevails as long as 4.3 is resistance.

Alternative scenario: the upside breakout of 4.3 would call for 4.44 and 4.53.

Comment: the RSI is below 50. The MACD is below its signal line and negative.

The configuration is negative. Moreover, the share stands below its 20 and 50day MA (standing respectively at 4.21 and 4.15).

Supports and resistances: 4.44 *4.3 **4.24 4.14 last 3.91 3.83 **3.74 *


Source: Reuters

[winston]

Not vested

Sembcorp Industries ST: as long as 4.21 is support look for 4.6 <SCIL.SI>


Click here to see our chart:
http://www.tradingcentral.com/chart/SCI ... 020129.gif

4.21 is our pivot point.

Our preference: as long as 4.21 is support look for 4.6.

Alternative scenario: the downside breakout of 4.21 would call for 4.07 and 3.99.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover,the stock is below its 20 day MA (4.34) but above its 50 day MA (4.26).

Sembcorp Industries is currently trading near its 52 week high reached at 4.52 on 16/09/10.

Supports and resistances: 4.68 *4.6 **4.52 4.31 last 4.26 4.21 **4.07 *


Source: Reuters

[winston]

Not vested

Sembcorp is eyeing a just- called Request for Proposals (RFP) by Oman for its
biggest-ever greenfield power generation project, a 1,500 megawatt (MW) facility at Sur, BT understands.

Tenders to build and operate the Sur independent power project (IPP), located south-east of the capital of Muscat, are expected to be called before year-end, the Times of Oman reported yesterday.

The Sur IPP replaces an earlier planned independent water and power project (IWPP) at Al Ghubrah, which Sembcorp president and CEO Tang Kin Fei earlier identified as one of the Omani IWPPs it is keen on, the other being in Duqm.

He told BT in a February interview that it was keen to take on more such projects to further grow its Middle East presence.

Sembcorp is currently constructing the US$1 billion Salalah IWPP in Oman, a project which it clinched just last November, following its end-2006 foray in the Middle East with its US$1.7 billion Fujairah IWPP in Abu Dhabi.

Source: Business Times

[winston]

Not vested

SEMBCORP INDUSTRIES - Singapore rig building and engineering conglomerate Sembcorp Industries said on Monday it posted a 65 percent rise in third quarter net profit, helped by increased contributions from rigbuilding unit Sembcorp Marine.


Source: Reuters

[winston]

Not vested

Sembcorp Industries made its first buy-back yesterday under the mandate to buy up to 178.40 mln shares: it picked up 92,000 shares at $5.09 each.

The stock, at $5.16 on Wednesday, is at its highest since mid ’08.

Source: Lim & Tan

[winston]

Not vested. From Phillips:-

PE 11; 10% EPS growth ? Yield 3% ?

Maintain buy recommendation and raise fair value from S$5.85 to S$5.90

We like Sembcorp Industries and expect the company to perform well for the next three years.

Its subsidiary, Sembcorp Marine, continues to clinch orders for jack-up rigs and we think that there will be more contracts next year. This is because crude oil prices have remained firm and greater oil exploration and production expenditure by oil companies is likely in 2011.

Furthermore, Sembcorp Industries has continued to grow its utilities segment with projects in different parts of the world through the acquisition of Cascal. As a result, we have a buy recommendation.

We have also raised its fair value from S$5.85 to S$5.90 because the market price of Gallant, in which it owns a 23.9% stake, has increased recently.

http://www.remisiers.org/cms_images/res ... buy_PS.pdf

[winston]

Not vested

Sembcorp's Q4 net profit slips, FY2010 up 16% By ANGELA TAN

Sembcorp Industries Ltd reported on Friday that its net profit for the fourth quarter 2010 fell 11.7 per cent from a year ago to S$228.67 million due to weaker performance of its marine and utilities divisions.

For the full year 2010, net profit was up 16 per cent at S$792.87 million.

Turnover for the quarter fell 14.4 per cent to S$2.07 billion. Full year turnover was down 8.4 per cent at S$8.76 million.

The marine group is proposing a final tax exempt one-tier dividend of 17.0 cents per share comprising an ordinary dividend of 15.0 cents and a bonus dividend of 2.0 cents per ordinary share for 2010.

Together, this marks an increase of 13 per cent from 2009's 15 cents per ordinary share.

http://www.businesstimes.com.sg/sub/lat ... 25,00.html?