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Home / Capital / Brokers Calls

Take a longer term view when investing in Sembcorp Marine

Broker's Calls

Take a longer term view when investing in Sembcorp Marine

PC Lee Published on Mon, Aug 20, 2018 / 11:43 AM GMT+8

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SINGAPORE (Aug 20): After appreciating close to 50% to its peak of $2.81 in early Feb this year, the share price of Sembcorp Marine has dropped by about 40% to the current price of $1.67.

SembMarine’s transformation efforts to move up the value chain has resulted in new business opportunities but they require significant time and effort in project co-development with potential customers before orders are secured.

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