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SembMarine up as high as 8.9% on Deutsche 'buy'; Keppel cut to 'hold'

PC Lee
PC Lee2/2/2018 03:26 PM GMT+08  • 2 min read
SembMarine up as high as 8.9% on Deutsche 'buy'; Keppel cut to 'hold'
SINGAPORE (Feb 2): Shares in Sembcorp Marine are up as high as $2.80 before noon after Deutsche Bank upgraded the stock to "buy" in a Thursday report. The stock had closed at $2.57 on Wednesday.
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SINGAPORE (Feb 2): Shares in Sembcorp Marine are up as high as $2.80 before noon after Deutsche Bank upgraded the stock to "buy" in a Thursday report. The stock had closed at $2.57 on Wednesday.

Newsflow for SembMarine seems to have increased in the past two months, with potential orders for BP Tortue FPSO, Chevron Rosebank FPSO, and Energean Karish FPSO, says Deutsche.

Both SembMarine and Keppel are also likely to benefit from forecast novation of their Sete Brasil orders to foreign players from 2H18 and ultra-deepwater drilling rig tenders in Brazil from Petrobras & Total, according to Upstream.

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