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Optimism grows as rigbuilders ride wave of recovery

Stanislaus Jude Chan
Stanislaus Jude Chan9/20/2017 12:16 PM GMT+08  • 3 min read
Optimism grows as rigbuilders ride wave of recovery
SINGAPORE (Sept 20): DBS Group Research says a strong uptick in rigs transactions over the past six months is pointing to a rig market recovery.
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SINGAPORE (Sept 20): DBS Group Research says a strong uptick in rigs transactions over the past six months is pointing to a rig market recovery.

And the brokerage believes it is time to have a relook at the Singapore rigbuilders.

“We continue to like Keppel Corp as a proxy to ride on a property and offshore & marine recovery, while Sembcorp Marine is a pure play to tap into an oil & gas recovery,” says lead analyst Ho Pei Hwa in a Wednesday report.


See: Keppel unit bags $545 mil contract to build two LNG vessels in US


See: SembMarine partners US gas company SeaOne in fuel supply project

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