SembCorp Industries

start to collect??

The earning profile is weak. If we give a simple average of 7.8c x 4 quarters =31-32c. P/e around 13-14x and a yield of less than 3.9% plus the potential problem at semb marine. This stock seen like fairly priced compare to Kep corp which is less than 9x with yield of more than 5%.

Not vested,2 cents worth

will buy if it comes to $4

More like 3 I guess

book value 3.30

dont think SCI has ever traded below book value before in the last 2 decades?

(12-05-2015, 08:51 PM)Happymeowmeow Wrote: book value 3.30

dont think SCI has ever traded below book value before in the last 2 decades?

Never say never it was 2.90ish just a few years ago

(12-05-2015, 09:50 PM)CCUV Wrote:

(12-05-2015, 08:51 PM)Happymeowmeow Wrote: book value 3.30

dont think SCI has ever traded below book value before in the last 2 decades?

Never say never it was 2.90ish just a few years ago

during the last mega bear GFC
oil hit $30 and SCI fell to 1 times its book value

that time its book value was only $2++

from 2007 to now 2015... 8 years already

the book value has growth to about $3.30

so given the same 1 times book value as crisis price.... $3.30 should be the base

however.. never say never, yeah it might go below that too

LOL

Would anyone be able to enlighten me on how the low oil price impact on Sembcorp's utilities business?

I thought utilities are a energy intensive business and that will benefit with low oil prices..

(18-05-2015, 10:13 PM)mscheng13 Wrote: Would anyone be able to enlighten me on how the low oil price impact on Sembcorp's utilities business?

I thought utilities are a energy intensive business and that will benefit with low oil prices..

Haven't studied throughly into Sembcorp utilities business, but low oil price will lead to low energy prices as well... and being a net seller of energy and virtue of equivalence, it'll have an impact on not just their oil dependent generators, but wood chips and other energy sources. So it won't be as beneficial as it seems. If I remember correctly a substantial part of the business is actually Sembmarine (being slaughtered by low oil) as well, which u can value it on open market.

(18-05-2015, 10:35 PM)piggo Wrote:

(18-05-2015, 10:13 PM)mscheng13 Wrote: Would anyone be able to enlighten me on how the low oil price impact on Sembcorp's utilities business?

I thought utilities are a energy intensive business and that will benefit with low oil prices..

Haven't studied throughly into Sembcorp utilities business, but low oil price will lead to low energy prices as well... and being a net seller of energy and virtue of equivalence, it'll have an impact on not just their oil dependent generators, but wood chips and other energy sources. So it won't be as beneficial as it seems. If I remember correctly a substantial part of the business is actually Sembmarine (being slaughtered by low oil) as well, which u can value it on open market.

I can understand the impact of oil price on sembmarine, however I have always thought that lower oil/energy prices should be beneficial to the utilities. Power and wastewater plants are huge consumers of energy, lower oil price should lead to lower cost of production..