SINGAPORE (Feb 21): Sembcorp Marine’s (Sembmarine) wider-than-expected loss in FY2019 ended Dec 31, coupled with an expectation of further losses this year, have prompted analysts to turn more cautious.

RHB Securities has now forecast a FY20 net loss of $48 million, compared to its previous forecast of $41 million in earnings.

This comes on the back of a cut in lower gross profit margin expectations, it says.

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