Home Capital Broker's Calls

SembMarine's new orders could excite the market, says CIMB

Stanislaus Jude Chan
Stanislaus Jude Chan9/19/2017 12:44 PM GMT+08  • 2 min read
SembMarine's new orders could excite the market, says CIMB
SINGAPORE (Sept 19): CIMB Research estimates that Sembcorp Marine could bag contracts worth between US$440 million ($592 million) and US$500 million from US gas company SeaOne Holdings.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 19): CIMB Research estimates that Sembcorp Marine could bag contracts worth between US$440 million ($592 million) and US$500 million from US gas company SeaOne Holdings.

SembMarine on Monday signed a letter of intent (LoI) with SeaOne for the design and construction of at least two large Compressed Gas Liquid (CGL) carriers.

“This news is positive for SMM,” says CIMB analyst Lim Siew Khee in a report on Monday. “We believe the contracts will materialise by end-2017F or early 2018F, which could excite the market, given the large size.”


See: SembMarine partners US gas company SeaOne in fuel supply project


See: SembMarine 2Q earnings halved to $5.6 mil

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.