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Macquarie Research seeking to re-rate Sembcorp Industries on profitable India

PC Lee
PC Lee8/3/2018 04:38 PM GMT+08  • 2 min read
Macquarie Research seeking to re-rate Sembcorp Industries on profitable India
SINGAPORE (Aug 3): Macquarie Research is keeping its “outperform” on Sembcorp Industries with a target price of $2.62.
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SINGAPORE (Aug 3): Macquarie Research is keeping its “outperform” on Sembcorp Industries with a target price of $2.62.

India’s 6% revenue growth and 2Q18 net income of $39 million was more notable, and sets the business up for full-year profitability that Sembcorp has been calling for, but which we think the market doubted.


See: Sembcorp reports 50% rise in 2Q18 earnings to $82 mil; Marine unit still mired in losses

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