Sembcorp Marine (SembMarine)

Contracts

SembMarine clinches 2 offshore platform contracts worth over $550 mil

SINGAPORE (Dec 26): Sembcorp Marine, the engineering solutions provider to the global offshore, marine and energy industries, has announced the win of two new offshore platform contracts worth over

Commodities

Despite slow recovery, some locally listed O&M players outperform STI

SINGAPORE (Dec 2): Year to date, the Straits Times Index has climbed 4.8% to close at 3,215.53 points on Nov 27.

Results

SembMarine 3Q net loss widens to $52.6 mil; outlook stays bleak

SINGAPORE (Nov 13): SembCorp Marine reported a net loss for 3Q19 ended Sept on higher operating losses.

Markets

IMF cuts growth forecast but MAS expects recovery; Kimly buys canteens

SINGAPORE (Oct 28): The International Monetary Fund has slashed its 2019 growth prediction for Singapore to 0.5%, down from its July estimate of 2%.

Company in the news

Temasek's partial offer to unlock value in Keppel causes its share price, related counters to jump

SINGAPORE (Oct 28): On Oct 21, Temasek announced that its wholly-owned subsidiary Kyanite Investment Holdings intends to make a partial offer for a 30.55% stake in Keppel Corp, subject to certain p

SGX query

Sembcorp Marine triggers SGX query as shares jump 12% on heavy trading

SINGAPORE (Oct 21): Sembcorp Marine (SembMarine) has been issued with a query from Singapore Exchange Regulation (SGX RegCo) after its share price jumped 11.7% on Monday afternoon. 

Broker's Calls

CGS-CIMB buoyant on Keppel, SembMarine following news of Sete Brasil settlement

SINGAPORE (Oct 8): CGS-CIMB Research is keeping its “overweight” rating on the offshore & marine sector, following news that creditors – including Keppel Offshore & Marine (Keppel O&M)

Broker's Calls

Sembcorp's green energy business deeply undervalued: DBS

SINGAPORE (Sept 12): DBS Group Research is maintaining its “buy” recommendation on Sembcorp Industries (SCI) with a target price of $3.20.

Markets

Hong Kong formally withdraws extradition bill; Singapore's GDP forecast lowered

SINGAPORE (Sept 9): After 13 long weeks of protests in Hong Kong, an end to the political crisis in the Special Administrative Region may be in sight.

Investing ideas

Are SembMarine's latest order wins a sign it is reversing out of the red?

SINGAPORE (Sept 3): Earlier in April this year, Taiwan announced that it is planning to increase its offshore wind energy generation capacity by 5GW over a five year period from 2026 for commercial

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