SINGAPORE (Dec 3): Nomura is keeping its “buy” call on SembCorp Marine with a lower target price of $2.16 from $2.82 even as the stock continue to slide Thursday on more bad news.

Nomura says negative investment sentiment on the stock is “priced in”.

The shares were hit hard after the company announced a profit warning earlier this week and fell further after the company said it has entered into an agreement with a customer that potentially delays delivery of a rig.

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