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SembMarine kept at 'buy' on possible Statoil contract win and share price correction

Samantha Chiew
Samantha Chiew2/13/2018 11:24 AM GMT+08  • 3 min read
SembMarine kept at 'buy' on possible Statoil contract win and share price correction
SINGAPORE (Feb 13): DBS is reiterating its “buy” call on Sembcorp Marine (SMM) with a target price of $3.10.
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SINGAPORE (Feb 13): DBS is reiterating its “buy” call on Sembcorp Marine (SMM) with a target price of $3.10.

SMM has previously secured the contract to build the hull and living quarters for the floating production, storage and offloading (FPSO) at Statoil’s Johan Castberg development in the Barents Sea in Dec.


See: SembMarine wins $661 mil Statoil contract to build FPSO hull and living quarters

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