SembMarine

Long term picture.

Good result + Doji Star.
Result-play.
Watch it tomorrow.
Big volume at $1.48 and $1.55.
Trend line resistant at $1.42, $1.53 and $1.59 (long term downtrend resistant).

SembCorp Marine - could have hit short term bottom

Intraday chart.
Looks good on daily chart.
Like found a bottom on Wed.
But today rise on thin volume.
Breakout may not be real.

SembCorp Marine Ltd: Uncertainty still looms

As of 1 Nov 07, all of SembCorp Marine’s (SMM) forex positions had
been closed. The total potential realized loss announced was US$303m (or
S$439m), of which US$83m had been paid out to an undisclosed bank. On
account of the ongoing investigations, management has not indicated whether
they would be making a provision for forex losses in 2007. This aside, FY07
was an outstanding year for the group due to strong order momentum as well
as the expansion of its operations. The group will be releasing its FY07
results in the coming weeks and we are maintaining our FY07 and FY08
estimates for now.