Sembcorp Marine (SembMarine)

Sembmarine shows recovery signs but is smaller now - THE EDGE SINGAPORE

Offshore & Marine

Sembmarine shows recovery signs but is smaller now

Just as the orderbook is rising and business conditions are improving, Sembmarine will be merging with Keppel O&M

Broker's Calls

'Buy' Keppel, 'sell' SembMarine as Bayberry nears fruition: analysts

Keppel Corporation has been an outperformer so far this year, says OCBC Investment Research.
'Add' Keppel, the accretive winner in O&M, Sembmarine merger: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

'Add' Keppel, the accretive winner in O&M, SembMarine merger: CGS-CIMB

CGS-CIMB is recommending investors “add” Keppel Corp, with a TP of $7.20, and “hold” SembMarine, with a TP of 9 cents.
Keppel Corp signs definitive agreements with SembMarine for proposed merger with Keppel O&M - THE EDGE SINGAPORE

M&A

Keppel Corp signs definitive agreements with SembMarine for proposed merger with Keppel O&M

The proposed transactions under the terms of the agreements will allow Keppel to realise some $9.42 billion in value.
Keppel Corp and SembMarine to work towards 'definitive agreement' by April 30 - THE EDGE SINGAPORE

Offshore & Marine

Keppel Corp and SembMarine to work towards 'definitive agreement' by April 30

The update comes after analysts indicated that both parties will announce a definitive agreement at the end of March.
SembMarine gives notice of three years' consecutive losses - THE EDGE SINGAPORE

Company in the news

SembMarine gives notice of three years' consecutive losses

As at March 28, SembMarine’s latest six-month average daily market capitalisation was $2.64 billion.

Broker's Calls

UOB Kay Hian keeps SembMarine's TP at 11 cents following 'decent-sized' order win

The contract win is estimated to be at $600 million or up to $800 million, according to UOB Kay Hian.
SembMarine clinches contract for landmark wind turbine installation vessel project - THE EDGE SINGAPORE

Contracts

SembMarine clinches contract for landmark wind turbine installation vessel project

The project is slated to be completed in early 2025.
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