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.
SembMarine
UPDATE: Singapore stocks to watch Wednesday: SembMarine, BreadTalk, SATS, CityDev, Yanlord Land, Cromwell European REIT, Swiber, Koufu
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 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).
UPDATE: Singapore stocks to watch Friday: UOB, Keppel, Yangzijiang, Ascott REIT, AA REIT, Hi-P, POSH
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.
UPDATE: Singapore stocks to watch Wednesday: Keppel, UOB, Mapletree Industrial Trust, Singtel, AA 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.
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: Singapore stocks to watch Tuesday: Temasek, Keppel, SembMarine, Mapletree Logistics, OCBC, Singtel
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.
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.
Singapore stocks to watch Tuesday: SembMarine, Lendlease Global REIT, Oxley, Chip Eng Seng
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 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.”
UPDATE: Singapore stocks to watch Tuesday: SembMarine, Ascott REIT, SIA, DBS, A-REIT, Sheng Siong
These are Singapore companies which may be in focus on Tuesday, 30 July 2019: SIA, DBS, Ascendas REIT, Sheng Siong and Delong.
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.
UPDATE: Singapore stocks to watch Wednesday: FLT, SembMarine, ThaiBev, Yanlord, Ascott REIT
These are Singapore companies which may be in focus on Wednesday, 3 July 2019: Thai Beverage, Yanlord, Sunpower and No Signboard.
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.
UPDATE: Singapore stocks to watch Monday: Sembcorp Industries, SembMarine, Cromwell E-REIT, SIA
These are Singapore companies which may be in focus on Monday, 24 June 2019: Sembcorp Industries, SembMarine, Cromwell European REIT and SIA.
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…
UPDATE: Singapore stocks to watch Friday: UOB, Great Eastern, ARA US Hospitality, OUEHT, SembMarine
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 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…