Dear readers, yesterday Keppel Corp and Sembcorp Marine announced talks to explore a combination of their offshore and marine (O&M) businesses. I was not least surprised of the announcement for I have long held the view that both O&M entities will be combined to reap synergies for Singapore O&M sector. In fact, I have shared […]
KEPPEL CORPORATION, SEMBCORP MARINE OFFSHORE AND MARINE MERGER Read More »
Dear readers, yes, finally the verdict on Sembcorp Marine stock is out. Sembcorp Marine is in plan to raise $2.1 billion with support from Temasek and will be demerged from its parent company, Sembcorp Industries. I was at least partially correct on the longer-term outcome of Sembcorp Marine stock and Sembcorp Industries stock. While Sembcorp
Dear readers, Sembcorp Marine and its parent company Sembcorp Industries stock were halted last Thursday (4 Jun 20) and remained halted on Friday (5 Jun 20). I am not surprised at the aforementioned news. I have always been of the view that there will be some form of offshore marine and energy sector consolidation in
SEMBCORP MARINE STOCK TO BE PRIVATISED? Read More »
Dear readers, Sembcorp Industries stock saw much selling on 29 May 2020. Sembcorp Industries stock went south by 9.93%. Its subsidiary stock, Sembcorp Marine stock also declined by 2.86%. Since I always looked at Sembcorp Industries stock and Keppel Corporation stock in a pair (as both are Singapore’s offshore and marine conglomerates), I decided to
KEPPEL CORPORATION, SEMBCORP STOCKS: WHAT’S NEXT? Read More »
Dear readers, it was reported that Sembcorp Marine has reported three consecutive years’ of losses. Based on the above fact, Sembcorp Marine should be put on SGX’s watchlist. However, I read that by virtue of Sembcorp Marine’s six-monthly average daily market capitalisation still meeting the prerequisite financial entry criteria, Sembcorp Marine is safe from SGX
SEMBCORP MARINE STOCK: TO BE PRIVATISED SOON? Read More »
Dear readers, will the privatisation of Sembcorp Marine stock be coming? It was announced today that Temasek has offered to buy control of Keppel Corp, a move that could hasten the consolidation of the offshore oil and rig businesses here with the two largest players here being Keppel Corporation and Sembcorp Marine. I have long
SEMBCORP MARINE STOCK: PRIVATISATION? Read More »
Dear readers, Seatrium will join the Straits Times Index (STI) with effect from 19 Jun 2023, replacing Keppel DC Reit. Keppel DC Reit will in turn join the STI reserve list, together with CapitaLand Ascott Trust, Frasers Centrepoint Trust, Olam Group and Suntec Reit. The name Seatrium may be not familiar to some readers but
SEATRIUM TO BE INCLUDED IN STRAITS TIMES INDEX AND MORE STI INSIGHTS REVEALED! Read More »
Dear readers, today, Emperador stock will replace ComfortDelgro stock in the Straits Times Index. When I first learnt of this stock called Emperador stock, I do not know much about it, except that the very name of the stock seems rhyme with “Emperor”. It was only some days later that I learnt that Emperador stock
EMPERADOR JOINS STRAITS TIMES INDEX TODAY AND ONE IMPORTANT INSIGHT! Read More »
Dear readers, Singtel stock reached $2.21 per share on 18 Sep 2020. At this price, Singtel stock price is comparable to the multi-year lows in Oct 2008, during the last global financial crisis. This begs the question: what will Singtel stock price be in the next financial meltdown? The answer, of course is that Singtel
SINGTEL STOCK PRICE: GOING TO 82 CENTS? Read More »
Dear readers, let us take a look at the Straits Times Index (STI) stocks which were the best and worst performers for the previous trading week (as at 25 Jun 2021). The best STI performers and their weekly gains are: Keppel Corporation stock: 5.06% Ascendas Reit: 1.71% Mapletree Logistics Trust: 1.48% SGX stock: 1% Yangzijiang
WHICH STRAITS TIMES INDEX (STI) STOCKS WERE WINNERS, LOSERS LAST WEEK? Read More »