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Thursday 5 May 2016
Sembcorp Industries - DBS Research 2016-05-05: Slowly but steadily
SEMBCORP INDUSTRIES LTD
U96
.SI
Sembcorp Industries - Slowly but steadily
1Q16 below, dragged by underperformance of SMM and TPCIL
Trimmed FY16-17F earnings by 6-8%
TPCIL to contribute more meaningfully in 2H16
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