SINGAPORE (Nov 5): CGS-CIMB Securities is maintaining Sembcorp Industries at “add” after 3Q earnings came within forecast despite recording losses in Sembcorp Marine.

Sembcorp’s 3Q18 reported profit of $82 million was in line with CGS’s $78 million forecast. 9M18 reported profit also formed 77% and 72% of the research house’s forecast and consensus.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook