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Home / Capital / Brokers Calls

UOB Kay Hian upgrades Sembcorp Marine to 'hold' on valuation grounds while CGS-CIMB maintains 'hold' due to net current liability position

Broker's Calls

UOB Kay Hian upgrades Sembcorp Marine to 'hold' on valuation grounds while CGS-CIMB maintains 'hold' due to net current liability position

Felicia Tan Published on Tue, Nov 17, 2020 / 4:24 PM GMT+8

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UOB Kay Hian analyst Adrian Loh has upgraded his recommendation on Sembcorp Marine (SembMarine) to “hold” despite the company’s continued losses reported in its 3QFY2020 update, on “valuation grounds”.

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