SINGAPORE (Mar 6): DBS is reiterating its “buy” recommendation on Sembcorp Marine (SMM) with an unchanged target price of $2.90.
This came on the back of Upstream reporting yesterday that Energean Oil & Gas has handed out a US$1.36 billion ($1.79 billion) contract to TechnipFMC for the floating production, storage and offloading (FPSO) unit for its proposed Karish gas field development off Israel.
See: As oil recovers, new contracts trickle in for SembMarine and Keppel
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