Tuesday, 1 December 2015

Sembcorp Marine - DBS Research 2015-12-02: Slipping into the red

Sembcorp Marine - DBS Research 2015-11-18: Hit by contract cancellationSEMBCORP MARINE LTD S51.SI 

Sembcorp Marine - Slipping into the red 

  • Guiding for a net loss in 4Q15 
  • Prudent provisions for potential deferments / cancellations 
  • To get worse before it gets better; downside risk to DPS 
  • Downgrade to FULLY VALUED; TP cut to S$1.85 
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