Phillip Securities Research in a Dec 17 research report says: “We visited Sembcorp Industries’ key utilities facilities on Jurong Island. We believe that there is scope for further expansion, including the construction of another wastewater treatment plant, if more chemical and petrochemical companies build their facilities on Jurong Island.
Posts Tagged ‘industries’
Citi ups targets for Keppel, Sembcorp Industries
November 19th, 2010 |
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Citigroup has raised its target prices for rigbuilders Keppel Corp (KPLM.SI) and Sembcorp Industries (SCIL.SI) and kept its "buy" ratings on both firms.
Citi expects Keppel to hit $12.80, from a previous target of $11.10, while it says Sembcorp Industries can rise to $5.60 from $4.73.
Sembcorp Industries 3Q net profit rises 65%
November 8th, 2010 |
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Singapore rig building and engineering conglomerate Sembcorp Industries (SCIL.SI) said on Monday it posted a 65% rise in third quarter net profit, helped by increased contributions from rigbuilding unit Sembcorp Marine.
Sembcorp Industries, whose other businesses include utilities and industrial parks, earned $244.1 million the three months ended September, up from $148.1 million a year ago.
Sembcorp Marine (SCMN.SI), the world’s No. 2 oil rig builder, last week reported a doubling in third-quarter net profit and said demand for high-end rigs was recovering.
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Sembcorp Industries 3Q net jumps to $244.1m
November 8th, 2010 |
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Sembcorp Industries, owner of the world’s second-biggest oil-rig maker, said its third-quarter net income rose 65% to $244.1 million, it said in a statement to the Singapore stock exchange today.
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Why industries need Healthcare software development? Posted By : Dips Aegis
October 22nd, 2010 |
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Healthcare software solutions have revolutionized the way the healthcare industry operates and this article lists the reasons on why it has become an indispensable part of this industry.
Appro Unveils HPC Offerings for Financials Services, Oil and Gas Industries
October 14th, 2010 |
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Appro is rolling out new Intel-powered high-performance computing offerings aimed at the financial services and oil and gas industries. – Appro is expanding its supercomputing hardware portfolio with offerings
targeting the high-frequency trading space and oil and gas market.
Appro on Oct. 12 unveiled the dual-socket HF1 server, which
includes overclocked Intel Xeon 5600 quot;Westmere quot; processors and a
liquid-cooling system …
Spindex Industries – Corporate moves
October 1st, 2010 |
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Chan Meng Wah Alexander has been appointed independent director wef Sep 24
Work experience: Chairman, remuneration committee, MFS Technology Ltd; MD, Hewlett Packard Singapore and SEA; MD/CEO, Yeo Hiap Seng Ltd
Rate of Tech Job Growth in California to Outpace All Industries: Report
September 17th, 2010 |
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Change in California’s employment rate is hard to find, but one study found a bright spot for technology-related jobs over the next two years. But will it be enough? – With
an unemployment rate over 12 percent, the Golden State’s economy is more rust
than shine in 2010. Overall, California lost 1.3 million jobs
during the recession, with layoffs in many industries still expected.
Jobs
in technology over the last two years have been hit hard across the board, …
SembCorp Industries signs financing arrangement for India plant
September 13th, 2010 |
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SembCorp Industries said its Thermal Powertech Corp. business has signed financing arrangements covering 75% of the $2 billion cost of a power plant in Andhra Pradesh, India.
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Spindex Industries +10.5%; Deserves a look: DBS Vickers
August 30th, 2010 |
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Spindex Industries (564.SG) +10.5% at almost 4-month high of $0.315 on above-average volume as interest in otherwise thinly-traded stock piqued by trading idea issued by DBS Vickers, says Dow Jones.
Broker says Singapore-based maker of precision machine parts warrants closer look, has potential to reach $0.40 given its $22.5 million cash hoard, equivalent to more than two-third of market cap, 6.5% FY10 dividend yield, consistent track record of effective cost management.
Sembcorp Industries rated ‘buy’ by DMG
August 27th, 2010 |
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DMG & Partners Securities in an Aug 26 research report says: “Sembcorp Industries (SCI) has signed a 20-year long term utilities services agreement with Jurong Aromatics Corporation (JAC) to supply steam and other water and wastewater treatment services to its new aromatics complex.
Aug 13: Genting, Noble, Sembcorp Industries, Wilmar
August 13th, 2010 |
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The following companies may have unusual price changes in Singapore trading today. Share prices are from the previous close. Singapore’s Straits Times Index dropped 0.8% to 2,927.04.
Shipping companies: The Baltic Dry Index of commodity-shipping rates rose 2.5% in London yesterday to its highest level since June 29.
Sembcorp Industries’ 2Q profit likely +21%: Poll
August 12th, 2010 |
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Sembcorp Industries’ (U96.SG) 2Q net profit likely +21% on-year at $172 million vs $142 million year earlier, due to higher contributions from its marine, utilities division, according to Dow Jones poll of 5 analysts.
Still, analysts say slowing order book flows may hurt earnings in coming quarters; think oil spill in Gulf of Mexico will weigh on new rig orders, even though underlying demand remains strong.
“The aftershocks from the GoM (Gulf of Mexico) oil spill are clouding the outlook for new drilling rig floaters,” says Morgan Stanley. 2Q results due later today.
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Sembcorp Industries 2Q profit likely +21%: Poll
July 21st, 2010 |
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Sembcorp Industries (U96.SG) 2Q net profit likely +21% on-year to $172 million vs $142 million year earlier, due to higher contributions from its marine, utilities division, according to Dow Jones poll of five analysts.
Still, analysts say slowing order book flows may hurt earnings in coming quarters; think oil spill in Gulf of Mexico will weigh on new rig orders, even though underlying demand remains strong.
“The aftershocks from the GoM (Gulf of Mexico) oil spill are clouding the outlook for new drilling rig floaters,” says Morgan Stanley.
2Q results due Aug 12.
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Sembcorp Industries rated buy
July 12th, 2010 |
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DMG & Partners Securities in a July 12 research report says: “Sembcorp Industries (SCI) has successfully completed the initial tender offer for all of the issued and outstanding common shares of Cascal, a NYSE listed water company.
Sembcorp Industries – Corporate moves
July 2nd, 2010 |
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Mohd Hassan Marican has been appointed independent director wef June 16
Work experience: President/CEO, Petroliam Nasional Bhd (Petronas)
Sembcorp Industries cut to $4.71 by CIMB
June 9th, 2010 |
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CIMB has cut Sembcorp Industries’ (U96.SG) sum-of-parts target price to $4.71 from $5.58 after reducing SembMarine’s (S51.SG) target to $4.22 from $5.44, downgrading unit to Neutral from Outperform, says Dow Jones.
Sembcorp Industries – Corporate moves
May 18th, 2010 |
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Koh Chiap Khiong has been appointed CFO wef July 1
Work experience: Deputy group CFO, Sembcorp Industries Ltd; CFO, PowerSeraya Ltd; SVP, finance, Sembcorp Utilities Pte Ltd
Sembcorp Industries says Cascal withdraws US Court restraining order
May 13th, 2010 |
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Sembcorp Industries (U96.SG) says Cascal N.V. (HOO) has withdrawn its request for a “temporary restraining” order from a US Court to stop the Singapore company from making a voluntary offer for the New York-listed wastewater company.
Sembcorp, in a filing to the Singapore Exchange, said that the US Court held a hearing on Cascal’s motion on May 12 and had decided to schedule an “evidentiary hearing” on May 19.