Seatrium (formerly known as SembMarine)

[millionairemind]

November 4, 2009, 5.38 pm (Singapore time)

SembMarine's Q3 net profit up 2.6%
Sembcorp Marine on Wednesday reported net profit for its fiscal third quarter rose 2.6 per cent to S$144.6 million from S$140.9 million in the year-ago period.

Turnover rose 32.9 per cent to S$1.52 billion from S$1.14 billion a year ago.

The company said profits were the most for a quarter it has ever attained.

Sembmarine has a net order book of S$6.7 billion comprising rig building, ship conversion and offshore projects. This includes the S$1.12 billion in new orders secured in the first half of 2009.

The company said the secured projects will keep its shipyards busy 2012.

[winston]

RESEARCH ALERT-UBS raises Sembcorp Marine target, keeps buy

SINGAPORE, Nov 5 (Reuters) - UBS raised its target price on shares in Sembcorp Marine to S$3.90 from S$3.45 and continues to recommend investors "buy" the stock.

Sembcorp Marine, the world's second-biggest offshore rig maker after Keppel Corp , announced on Wednesday a plan to build a new yard in Singapore to tap business in the energy industry after posting a better-than-expected 3 percent rise in quarterly net profit.

Source: Reuters

[winston]

RESEARCH ALERT-J.P.Morgan raises Sembcorp Marine target price

SINGAPORE, Nov 5 (Reuters) - J.P.Morgan raised its target price on Singapore's Sembcorp Marine to S$4.25 ($3.05) from S$3.75, but maintained its overweight recommendation on the stocks.

Sembcorp Marine, the world's second-biggest offshore rig maker, announced on Wednesday its plan to build a new yard in Singapore to tap business in the energy sector after posting a better-than-expected 3 percent rise in quarterly net profit.

[winston]

Not vested. From DBS:-

Sembcorp Marine 3Q net profit of S$145mil was in line. Our analyst thinks that while the new yard facility in Tuas is positive long term, the short-term outlook is dampened by the lack of new orders before mid 2010. Therefore despite maintaining
Buy, the target price is lowered to $3.62 from $3.70.

[millionairemind]

One says 4.25 target price.. one says 3.62....

[iam802]

One has great meal in Lido Palace...the other only Crystal Jade...

[Aspellian]

One has great meal in Lido Palace...the other only Crystal Jade...

hahahah!! very well said. in fact my friend who used to work as an analysts say they go upmarket KTVs often (esp during the bull years) with those corporate management!! (where one can find GongLis,Michelle Reis, HK stars look-alike - prettier than TCS actresses).

hmmm... how can the analysts think straight???

[iam802]

I think the key point to note is, "It is very hard for analyst to ever say SELL."

Think of it this way. If you are CEO of XYZ company, will you have lunch or meeting with an analyst who has just put a SELL rating on your company? And if they can't have meeting with CEO, what is the chances for them to have 'greater insight' than the average investors?

So, analysts can't do that outright. They need to balance their analysis with some EQ

Cannot say SELL. But, we can have HOLD, Underweight, Overweight, Outperform, Underperform....but just not SELL.

I'm sure all of us have faced this issue before. Don't just say NO. Say something else that goes one big round... it is a survival skill

[kennynah]

802:

hahaha...."don't be a slamon"...it says this on your signature....

i saw that same remark last night at another place.....

i like it...it's interesting...

[iam802]

802:

hahaha...."don't be a slamon"...it says this on your signature....

i saw that same remark last night at another place.....

i like it...it's interesting...

I saw it in TOS while listening to the Market Cast...