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5 reasons for investors to keep stocking up on Sembcorp Marine

Michelle Zhu
Michelle Zhu5/2/2017 04:47 PM GMT+08  • 3 min read
5 reasons for investors to keep stocking up on Sembcorp Marine
SINGAPORE (May 2): DBS Vickers Securities is maintaining its “buy” call on Sembcorp Marine (SMM) with a target price of $1.78, on the notion that the sell-off post its 1Q17 results is “unwarranted”.
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SINGAPORE (May 2): DBS Vickers Securities is maintaining its “buy” call on Sembcorp Marine (SMM) with a target price of $1.78, on the notion that the sell-off post its 1Q17 results is “unwarranted”.

To recap, the marine and offshore engineering group last week posted 1Q earnings of $40 million, which was 28% lower on-year despite stabilising oil prices due to lower sales and additional cost incurred for a floater project.

In a Tuesday report, analyst Ho Pei Hwa says she continues to see re-rating catalysts ahead for SMM for the following reasons:

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