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SembMarine kept at 'hold' on expectations of slow recovery

Stanislaus Jude Chan
Stanislaus Jude Chan10/30/2018 02:46 PM GMT+08  • 3 min read
SembMarine kept at 'hold' on expectations of slow recovery
SINGAPORE (Oct 30): Analysts are keeping their “hold” recommendations on Sembcorp Marine amid an expected slow recovery.
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SINGAPORE (Oct 30): Analysts are keeping their “hold” recommendations on Sembcorp Marine amid an expected slow recovery.

“Overall, despite the improved industry outlook, management mentioned ‘it will take some time’ before there is a sustained recovery in new orders, while competition remains intense and margins are compressed,” says OCBC Investment Research analyst Low Pei Han in an Oct 26 report.

OCBC has a fair value estimate of $1.73 on SembMarine.

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