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UPDATED MON, SEP 13, 2021 - 10:00 AM
Sembmarine's battered shares may look cheap now, but there are major risks ahead for investors
Positive news flow could trigger a bounce in the stock, but investors should wait until its merger with Keppel O&M is done and dusted
Sembcorp Marine (Sembmarine)'s board and top executives probably heaved a sigh of relief after shareholders of the beleaguered offshore and marine (O&M) company voted on Aug 23 to approve its controversial rights issue.
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Sembmarine is such an inauspicious name.............sound like.......Submarine.......
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shitty stock. Forget it...
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If CDL's China investment can be sold for $1, SembMar could be only worth $1 too.
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Temasek think will not sell below 8c ...😊
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Later they buy it back at cheap price....
Who has the last laugh?
Dont forget there is a Tuas Mega port coming up.
I dont think will let it close shop.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
>
(This post was last modified: 13-09-2021, 07:02 PM by
RiseofAsia.)
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Have faith in the top scholars who die die will tink of ways means to save this potential blue chip ..
It just takes a huge project to launch a thousand ships .
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(13-09-2021, 04:03 PM)starbugs Wrote: If CDL's China investment can be sold for $1, SembMar could be only worth $1 too.
$1?? Semb Marine is trading about 0.081 cents for now.
Maybe you got it mixed up with Semb Corp??
(This post was last modified: 13-09-2021, 10:55 PM by
hansamu.)
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(13-09-2021, 10:55 PM)hansamu Wrote: $1?? Semb Marine is trading about 0.081 cents for now.
Maybe you got it mixed up with Semb Corp??
$1 for the whole company. Not per share lah
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SMM looks quite hopeless. Maybe next year another rights issue.
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Can keppel reject the merger with SMM?
(This post was last modified: 14-09-2021, 08:03 PM by
Instinct.)
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Any prediction for SMM price tomorrow?
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No way Keppel can reject this KOM merger...judging from previous SMM EGM voting result...
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