3 Key Investing Insights From 1 Investing Legend You’ve Never Heard Of

18 Feb 2016 - The Motley Fool Singapore
The late American investor Walter Schloss wasn’t well-known, although he did possess a phenomenal track record of investing success. It’s a pity because there’s so much that current investors can learn from him given his decades of market-beating experience (his fund and the U.S. stock market had generated ...
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Latest Earnings From Sembcorp Industries Limited: Marine Division Is Taking Its Toll

18 Feb 2016 - The Motley Fool Singapore
Yesterday evening, Sembcorp Industries Limited (SGX: U96) released its results for the quarter and year ended 31 December 2015. For a brief background, Sembcorp Industries is a conglomerate with three main business divisions: Utilities (consisting of energy, water, and waste management assets); Marine; ...
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Is There More Pain Ahead For SembCorp Marine Ltd?

17 Feb 2016 - The Motley Fool Singapore
Oil rig builder Sembcorp Marine Ltd (SGX: S51) had released its fiscal fourth-quarter earnings (for the three months ended 31 December 2015) just two days ago on Monday evening. It was ugly. The company reported an 8.2% decline in quarterly revenue compared to a year ago. And as a result of impairments ...
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SembMarine hit with trading query after sharp share price spike

17 Feb 2016 - Singapore Business Review
Its share price surged after a massive loss. The Singapore Exchange has issued a trading query against Sembcorp Marine following the unabated rise in the rig builder’s share price. SembMarine, which reported its first full-year loss in over a decade on Monday, saw its shares surge by 7.5% in Tuesday’s ...
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When Your Stocks Crash, Here’s The 1 Key Question You Should Ask Before Doing Anything

17 Feb 2016 - The Motley Fool Singapore
If you find that your stocks are down since 2015, don’t be surprised. Singapore’s market barometer, the Strait Times Index (SGX: ^STI), has fallen by 25% from its peak in 2015 (reached in April) to yesterday’s close. Furthermore, only seven of the 30 stocks that make up the Straits Times Index had produced ...
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Will the tides turn in 2016 for beleaguered Sembcorp Marine?

16 Feb 2016 - Singapore Business Review
More writedowns, order cancellations may be around the corner. The battle is just beginning for Sembcorp Marine (SMM), as further asset markdowns may be on the heels of the company’s whopping $537m net loss in Q4. According to a report by Maybank Kim Eng, there is a risk of further markdowns for the ...
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SembCorp Marine Ltd’s Latest Earnings: A Year to Forget

16 Feb 2016 - The Motley Fool Singapore
SembCorp Marine Ltd (SGX: S51) reported its fiscal fourth-quarter earnings yesterday evening. The reporting period was for 1 October 2015 to 31 December 2015. For a brief background, SembCorp Marine is a global leader in the offshore and marine engineering industry. Its business revolves around the construction, ...
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Hit by troubles, Sembcorp Marine posts first quarterly loss, warns of long downtrend

15 Feb 2016 - DealStreetAsia
Singaporean rig builder Sembcorp Marine Ltd posted its first quarterly loss, hit by write-downs and project delays by its key customers, underscoring the strain caused by plunging crude oil prices. The company also warned that it expects the downtrend to last longer than previous cycles as Singapore’s ...
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Sembcorp Marine plunges into the red with $290m net loss in FY15

15 Feb 2016 - Singapore Business Review
Blame massive provisions for deferred rigs. Singapore’s second-largest rig builder posted a $290 million net loss in FY15. Although the group posted net profits of $384 million, this was all but wiped out by the group’s hefty provisions for rigs which are still under construction. The group set aside ...
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Next Week’s News Today: Big Week For Banks

14 Feb 2016 - The Motley Fool Singapore
Singapore banks have lost between 8% and 20% of their value since the start of the year. Their fortunes could be improved, if Oversea-Chinese Banking Corporation (SGX: O39) and United Overseas Bank (SGX: U11) can steady market nerves with some good results next week. The provisions for bad and doubtful ...
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