UOB Kay Hian has added Sembcorp Marine and BRC Asia to its alpha picks portfolio on Dec 6.

“We have added Sembcorp Marine as we believe that the current share price has already priced in most of the company’s negatives and the outlook for the offshore renewables and drilling sector has improved markedly over the past 12 months,” the Singapore research team says in a research note.

The team also points out that Sembcorp Marine is now in a “much stronger financial position” given its $1.5 billion capital raise, allowing it to take advantage of a potential upswing in the offshore construction sector.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook