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.

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