Tuesday, 1 December 2015

Sembcorp Marine - CIMB Research 2015-12-02: When it rains, it pours

Sembcorp Marine  - CIMB Research 2015-12-02: When it rains, it poursSEMBCORP MARINE LTD S51.SI 

Sembcorp Marine When it rains, it pours 

  • SMM has issued a profit warning that it will record a net loss in 4Q15 with a significant decline in net profit for FY15. 
  • It blames a challenging operating environment and customers deferring or seeking to defer their rig orders as the key culprits. 
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