Failure to understand a stock back ground is just like stepp...
$Sembcorp Marine(S51.SG$ Failure to understand a stock back ground is just like stepping into a mine field.
SMM is a not a oil stock. SMM is only an oil related stock.
It used to concentrate on oil rigs and support vessels ( How many have ever step into SMM shipyard?)
. Now time have changed. It builds all different kind of vessels and ship repairing works. The merger with Keppel O&M will support it share price too. Yes, we all know SMM need cash to continue it operation, let is why it has very huge debt.
And I believed lot of people in Moo app doesn't know that SMM have an asset worth $0.8 / share( 2020 valuation)
which will take years to cash out.
As for $RH PetroGas(T13.SG$ $Rex Intl(5WH.SG$ , both are purely oil stock. By just reading the international crude oil price won't much help in trading the stocks.![]()
Don't worry, party can always happen again..
And no party can still play with the small swings....![]()
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As for $RH PetroGas(T13.SG$ $Rex Intl(5WH.SG$ , both are purely oil stock. By just reading the international crude oil price won't much help in trading the stocks.
Don't worry, party can always happen again..
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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JoJo123 : Buy more
BullyMoo : thanks for sharing![blush 😊](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f60a.png)
Stock Watch OP JoJo123 :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Stock Watch OP BullyMoo :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Small bull : I m confused, bankers written SMM is considered low debt. Keppel and many competitors even have much higher debts.
102489653 : what do you suggest for $Sembcorp Marine (S51.SG)$ investor?
Stock Watch OP 102489653 : Since the merger have confirmed and will be completed by Dec 2022, why not continue to wait. At 0.1, give SMM a chance. The upside is much higher as compared to the downside.....![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
GTaurus : With more projects completed in 2H 2022, SMM will get more cash back for new projects. Let see new SMM in future.
Stock Watch OP GTaurus :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
LuckyPiggie Small bull : actually debt quite high ...
but 靠山 big
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