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.
These are Singapore companies which may be in focus on Wednesday, 13 Nov. 2019: SATS, CityDev, Yanlord Land, Sembcorp, Cromwell European REIT and BreadTalk.
SembMarine reported Wednesday its 3Q19 net loss widened to S$52.51M, mainly on additional costs for projects and continued low overall business volume.
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).
These are Singapore companies which may be in focus on Friday, 1 November 2019: Keppel, Yangzijiang, Ascott Residence Trust, AA REIT, Hi-P and Sabana REIT.
These are Singapore companies which may be in focus on Wednesday, 22 October 2019: Keppel, Temasek, UOB, Mapletree Industrial Trust, Singtel and AA REIT.
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’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.
These are companies which may be in focus in Singapore on Tuesday, 22 October 2019: Temasek, Keppel, SembMarine, ST Engineering, OCBC, Singtel and CapitaLand Mall Trust.
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 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.
These are Singapore companies which may be in focus on Thursday, 10 October 2019: Frasers Property, Keppel DC REIT, SGX, SembMarine and POSH.
These are Singapore companies which may be in focus on Tuesday, 8 October 2019: SembMarine, Lendlease Global Commercial REIT, Oxley and Chip Eng Seng.
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 said Monday it obtained S$400 million in new contracts, including offshore gas and wind farm developments and cruise ship upgrades.
Daiwa said a “persistent lack of new orders” could spur a consolidation between SembMarine and peer, Keppel O&M, driven by common shareholder, Temasek.
CGS-CIMB downgraded Sembcorp Marine to Reduce from Add, saying it was “throwing in the towel for now.”
These are Singapore companies which may be in focus on Tuesday, 30 July 2019: SIA, DBS, Ascendas REIT, Sheng Siong and Delong.
Sembcorp Marine reported Tuesday a 2Q19 net loss of S$8.5 million due to accelerated depreciation, but that was narrower on-year.
These are Singapore companies which may be in focus on Thursday, 18 July 2019: UOB, SembMarine, CapitaLand Commercial Trust and Qian Hu.
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 said Monday it lodged a suspicious transaction report with the Singapore Police Force over the activities of the former president of its Brazilian subsidiary.
These are Singapore companies which may be in focus on Wednesday, 3 July 2019: Thai Beverage, Yanlord, Sunpower and No Signboard.
SembMarine said Wednesday Brazilian authorities executed a search warrant on a Brazilian subsidiary, Estaleiro Jurong Aracruz as part of a corruption probe.
These are Singapore companies which may be in focus on Monday, 24 June 2019: Sembcorp Industries, SembMarine, Cromwell European REIT and SIA.
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.
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…
These are Singapore companies which may be in focus on Friday, 3 May 2019: UOB, SembMarine, Frasers Property, ARA US Hospitality, OUEHT and Great Eastern.
UOB KayHian downgraded Sembcorp Industries to Hold from Buy, pointing to concerns over earnings in India and an overhang from Sembcorp Marine.
These are Singapore companies which may be in focus on Tuesday, 26 February 2019: ST Engineering, SembMarine, Sheng Siong and Ho Bee Land.
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.
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.
These are Singapore companies which may be in focus on Wednesday, 20 February 2019: SembMarine, BreadTalk, Keppel Infrastructure, Courts and Kingsmen.
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.
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 said on Tuesday that its subsidiaries Sembcorp Marine Repairs and Upgrades (SMRU) and Semb-Eco entered into a share swap deal with Ecospec Global…
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…
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 said on Monday that it obtained two separate renewable energy projects valued at more than S$200 million. The first project is a deal…
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…