Sembcorp Marine (SembMarine)

Broker's Calls

CGS-CIMB lowers Sembcorp TP; keeps 'add' on expected ROE improvement

Although Sembcorp Industries continues to be rated an “add” by CGS-CIMB Research, the brokerage has lowered its target price for the company to $1.95 from $2.27 previously.

Company in the news

Temasek posts negative returns as Covid-19 hits; bets on finance, tech, life sciences

Temasek Holdings’ weak performance in FY2020 ended March 31 — owing to the impact of the Covid-19 pandemic — has not differed materially from its preliminary results released in July.

Broker's Calls

PhillipCapital starts Sembcorp Industries at 'buy' on completion of rights issue

PhillipCapital has initiated coverage on Sembcorp Industries (SCI) with a “buy” call and a target price of $2.72, representing a 41.7% upside on the counter.

Offshore & Marine

Sembcorp Marine fails to win full support on rights issue

Sembcorp Marine (SembMarine) has failed to win full support on its 5-for-1 rights issue.

Offshore & Marine

Sembcorp Marine announces merger of subsidiaries

Sembcorp Marine’s wholly-owned subsidiaries Sembcorp Marine Integrated Yard Pte Ltd (SMIY) and Sembawang Shipyard Project Services Pte Ltd, have amalgamated according to Section 215D of the Compani

Broker's Calls

Sembcorp Marine is expected to 'remain loss-making' in FY20 and FY21, estimates KGI Securities

KGI Securities analyst Joel Ng is maintaining his “neutral” recommendation on Sembcorp Marine.

Company in the news

Keppel impairment thwarts Temasek's restructuring plans

When it comes to ensuring that Temasek Holdings’ portfolio companies continue to survive and thrive, the state investment fund usually has its way through intervention.

M&A

It's official: Sembcorp Industries and Sembcorp Marine will decouple

Sembcorp Industries and Sembcorp Marine (SembMarine) have jointly announced on Aug 11 that the recapitalisation of SembMarine through a proposed $2.1 billion renounceable rights issue, as

Company in the news

Temasek’s portfolio value, returns slip on Covid

Like many companies around the world, Temasek Holdings was not spared from the impact brought by the Covid-19 pandemic.

Broker's Calls

Sembmarine to incur wider net losses in 2020, 2021: UOBKH

SINGAPORE (July 20): Sembcorp Marine (Sembmarine) is forecast to incur wider net losses of $261 million this year and $55 million next year, according to UOB KayHian.

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