Sembcorp Industries reports 3Q19 net profit fell 13 percent
Sembcorp Industries reports 3Q19 net profit fell 13% on-year to S$71 million as the energy segment’s contributions fell and the marine unit posted losses.
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SembMarine reports 3Q19 net loss widened as business volume remained low
SembMarine reported Wednesday its 3Q19 net loss widened to S$52.51M, mainly on additional costs for projects and continued low overall business volume.
UDPATE: Sembcorp Marine lands FPU contract from Shell Offshore
Sembcorp Marine said Friday it won a contract from Shell Offshore to build and integrate the topside and hull of a floating production unit (FPU).
UBS: Market focused on Keppel restructuring scenarios
Temasek’s bid to increase its stake in Keppel Corp. will push the market to focus on multiple restructuring scenarios, UBS said in a note Monday.
Keppel shares surge after Temasek makes partial bid
Keppel’s shares surged Tuesday after Temasek launched a S$7.35 a share bid to increase its stake in the property and rig building conglomerate.
UPDATE: Temasek’s bid to boost Keppel stake spurs SembMarine merger speculation
Temasek’s bid to increase its Keppel stake has spurred renewed speculation from analysts that Keppel’s O&M division might be merged with SembMarine.
SembMarine points to Temasek’s partial Keppel bid to explain share surge
SembMarine told SGX Monday it wasn’t aware of any information to explain its share price surge, but pointed at Temasek’s partial bid for Keppel’s shares.
UPDATE: Singapore stocks to watch Thursday: Frasers Property, Keppel DC REIT, SGX, SembMarine, POSH
These are Singapore companies which may be in focus on Thursday, 10 October 2019: Frasers Property, Keppel DC REIT, SGX, SembMarine and POSH.
Sembcorp Marine enters settlement deal with Sete Brasil over 7 drillship contracts
Sembcorp Marine said Monday it has reached a settlement with Sete Brasil over contracts for seven drillships with a total contract price of US$5.6 billion.
Sembcorp Marine lands new contracts valued at S$400 million
Sembcorp Marine said Monday it obtained S$400 million in new contracts, including offshore gas and wind farm developments and cruise ship upgrades.
UPDATE: Daiwa: Temasek could push SembMarine and Keppel O&M to merge
Daiwa said a “persistent lack of new orders” could spur a consolidation between SembMarine and peer, Keppel O&M, driven by common shareholder, Temasek.
SembMarine downgraded to Reduce by CGS-CIMB on forecasts losses will widen
CGS-CIMB downgraded Sembcorp Marine to Reduce from Add, saying it was “throwing in the towel for now.”
SembMarine reports 2Q19 net loss narrows on rig delivery, new project
Sembcorp Marine reported Tuesday a 2Q19 net loss of S$8.5 million due to accelerated depreciation, but that was narrower on-year.
UPDATE: Singapore stocks to watch Thursday: UOB, SembMarine, CapitaLand Commercial Trust, Qian Hu
These are Singapore companies which may be in focus on Thursday, 18 July 2019: UOB, SembMarine, CapitaLand Commercial Trust and Qian Hu.
SembMarine: Not aware of reasons for share price jump
Sembcorp Marine told SGX Thursday it wasn’t aware of any reason not previously announced to explain the jump in its share price Wednesday.
SembMarine filed suspicious transaction report over former Brazil subsidiary president
SembMarine said Monday it lodged a suspicious transaction report with the Singapore Police Force over the activities of the former president of its Brazilian subsidiary.
Sembcorp Marine: Brazil authorities execute search warrant on subsidiary
SembMarine said Wednesday Brazilian authorities executed a search warrant on a Brazilian subsidiary, Estaleiro Jurong Aracruz as part of a corruption probe.
Sembcorp Industries to provide S$2 billion loan to Sembcorp Marine
Sembcorp Industries said Friday it agreed to provide Semcorp Marine with a loan of S$2 billion to strengthen the rig builder’s financial position.
UPDATE: Sembcorp Marine reported 1Q19 net profit dropped 68 percent on year-ago deliveries
This article was originally published on Friday, 3 May 2019 at 7:48 A.M. SGT; it has since been updated. Sembcorp Marine reported Friday its first…
UOB KayHian downgrades Sembcorp Industries on India concerns
UOB KayHian downgraded Sembcorp Industries to Hold from Buy, pointing to concerns over earnings in India and an overhang from Sembcorp Marine.
UPDATE: Singapore stocks to watch Tuesday: ST Engineering, SembMarine, Sheng Siong, Ho Bee Land
These are Singapore companies which may be in focus on Tuesday, 26 February 2019: ST Engineering, SembMarine, Sheng Siong and Ho Bee Land.
SembMarine lands new contracts valued around S$175 million
Sembcorp Marine said Monday it obtained new contracts valued at around S$175M for building an LNG bunker vessel and for repair works on 13 cruise ships.
UOB KayHian still cautious on SembMarine despite surprise profit
Sembcorp Marine reported a surprise net profit last week, beating expectations for a loss, but UOB KayHian said it remained cautious of any stock rally.
UPDATE: Singapore stocks to watch Wednesday: CapitaLand, SembMarine, BreadTalk, Courts
These are Singapore companies which may be in focus on Wednesday, 20 February 2019: SembMarine, BreadTalk, Keppel Infrastructure, Courts and Kingsmen.
UPDATE: Sembcorp Marine 4Q18 net profit drops 95 percent, but beats some analyst forecasts
Sembcorp Marine reported on Wednesday its fourth quarter net profit dropped 94.9 to S$5.93 million, beating Daiwa’s forecast for a net loss.
Singapore stocks to watch Wednesday: Chip Eng Seng, ST Engineering, Singapore Airlines, Midas, CapitaLand
These are Singapore stocks which may be in focus on Wednesday, 16 January 2019: Chip Eng Seng Chip Eng Seng said on Tuesday that its…
Sembcorp Marine to increase Semb-Eco stake, divest Ecospec Global in share swap deal
Sembcorp Marine said on Tuesday that its subsidiaries Sembcorp Marine Repairs and Upgrades (SMRU) and Semb-Eco entered into a share swap deal with Ecospec Global…
SembMarine downgraded by Nomura on slow order recovery and earnings forecast cuts
Nomura downgraded Sembcorp Marine to Neutral from Buy, pointing to a high cost base and a “painfully slow” order recovery. “With new orders in 2018 year-to-date…
UPDATE: Singapore stocks to watch Monday: SembMarine, Mapletree Logistics, HPHT, ST Engineering
These are Singapore stocks which may be in focus on Monday 29 October 2018: ST Engineering ST Engineering said on Monday that it is seeking…
Sembcorp Marine: Obtained two renewable energy projects of more S$200 million
Sembcorp Marine said on Monday that it obtained two separate renewable energy projects valued at more than S$200 million. The first project is a deal…
Singapore stocks to watch Friday: SembMarine, CMT, Wilmar, Ascendas REIT
These are Singapore shares which may be in focus on Friday, 26 October 2018: Sembcorp Marine Rigbuilder Sembcorp Marine reported on Thursday a net loss…
SembMarine reports 3Q18 net loss of nearly S$30 million on low business volume
Rigbuilder Sembcorp Marine reported on Thursday a net loss of S$29.8 million for the third quarter, swinging from a year-earlier net profit of S$100.7 million,…
UPDATE: Singapore stocks to watch Monday: SembMarine, SGX, Oxley, SLB, Spackman
These are Singapore stocks which may be in focus on Monday 22 October 2018: SembMarine Sembcorp Marine said on Monday that it obtained an around…
SembMarine inks contract with Teekay Offshore for FPSO repair job
Sembcorp Marine said on Monday that it obtained an around US$166 million contract from Teekay Offshore Partners’ wholly owned subsidiary, Varg LLC, to work on…
UPDATE: Singapore stocks to watch Friday: SGX, Noble, Olam, SoilBuild, China Jinjiang
These are the Singapore stocks which may be in focus on Friday 21 September 2018: Singapore Exchange Tan Boon Gin, chief executive of Singapore Exchange’s…
How the US trade war with China could hit Singapore stocks
If the Trump administration proceeds with proposals to slap further tariffs on imports from China, that could send Singapore’s Straits Times Index as low as…
Singapore stocks to watch Friday: StarHub, Dairy Farm, Ascendas REIT, Parkway Life REIT, Spackman
These are the Singapore stocks which may be in focus on Friday 7 September 2018: StarHub and Dairy Farm International StarHub will be removed from…
Singapore stocks to watch Wednesday: Mapletree Logistics, SembMarine, BreadTalk, CapitaLand, Falcon Energy
These are the Singapore stocks likely in focus on Wednesday, 5 September 2018: Mapletree Logistics Trust Mapletree Logistics Trust’s manager said on Tuesday it had…
Daiwa cuts SembMarine earnings forecasts amid ‘challenging’ environment
Daiwa cut its earnings outlook for Sembcorp Marine, pointing to a “weak” second-quarter performance and a “challenging” environment. “While we see SembMarine as a strong…
Singapore stocks to watch Monday: SembMarine, Keppel, ST Engineering, ComfortDelGro
These are the Singapore stocks likely in focus on Monday 23 July 2018: Sembcorp Marine Sembcorp Marine said on Friday that it swung to a…