CGS-CIMB Research analyst Lim Siew Khee has kept her “hold” recommendation for Sembcorp Marine with an unchanged target price of 9.3 cents following a conditional mandatory general offer (MGO) launched by Temasek Holdings on Sept 22.

See also: Temasek announces general offer for Sembcorp Marine at 8 cents per share in cash

Startree, an indirect wholly-owned subsidiary of Temasek, is making a MGO as its shareholding in Sembcorp Marine increased by more than 1% as a result of Startree’s participation in Sembcorp Marine’s $1.5 billion rights issue. 

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