Sete Brasil

Right Timing

Rising tide lifts offshore plays, banks bounce back

Seatrium price rises ahead of Petrobras mega project award; banks bounce back but could stay volatile
All's well that ends well when turning brown to green  - THE EDGE SINGAPORE

Offshore & Marine

All's well that ends well when turning brown to green

Keppel Corp makes strides towards renewables and Vision 2030 as legacy rigs go off balance sheet

Offshore & Marine

All's well that ends well when turning brown to green

Keppel Corp makes strides towards renewables and Vision 2030 as legacy rigs go off balance sheet
All's well that ends well when turning brown to green  - THE EDGE SINGAPORE

Offshore & Marine

All's well that ends well when turning brown to green

Keppel Corp makes strides towards renewables and Vision 2030 as legacy rigs go off balance sheet
Keppel's settlement agreement with Sete Brasil is effective, with no impact on NAV or EPS  - THE EDGE SINGAPORE

Offshore & Marine

Keppel's settlement agreement with Sete Brasil is effective, with no impact on NAV or EPS

Keppel Corp's Settlement Agreement with Sete Brasil is in effect.

Results

SembMarine reverses into the red with 4Q net loss of $77.7 mil, expects to book losses in FY20

SembMarine is expecting the trend of losses to continue into 2020 amid supply chain disruptions due to the Covid-19 virus outbreak which could affect execution of its projects, as well as intense competition across all business.

Management & Corporate Governance

Brazilian authorities file money laundering, corruption charges against 2 men linked to Sembcorp Marine

In a regulatory filing on Monday, SembMarine stressed that the charges filed against Cheah and de Jesus are in their personal capacities and not against EJA, the group's Brazilian subsidiary.

Company in the news

Keppel reaches settlement with Sete Brasil on semisubmersible drilling rigs

SINGAPORE (Oct 7): Keppel Offshore & Marine (Keppel O&M) has finally reached a settlement with Sete Brasil over the long outstanding issue surrounding the construction of six semisubmersible drilling rigs.

Broker's Calls

SembMarine sale of 9 rigs at minimal loss gives brokers another reason to rerate stock

SINGAPORE (Oct 9): The sale of nine undelivered jackup rigs by Norwegian Borr Drilling is welcome relief for Sembcorp Marine, says CIMB.
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