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Home / Capital / Brokers Calls

SembMarine kept at 'hold' on expectations of slow recovery

Broker's Calls

SembMarine kept at 'hold' on expectations of slow recovery

Stanislaus Jude Chan Published on Tue, Oct 30, 2018 / 2:46 PM GMT+8

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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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