Sembcorp Marine to remain in the red until 2021: analysts

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No It’s lack of new orders and project delays spell continued losses for the company. There’s not reason to own Sembcorp Marine (SembMarine) stocks yet, with the company likely to continue incurring losses until H1 2021 as outlook remains bearish, analysts said. Although its yards are back to full capacity and its repairs & upgrades (R&U) business is busy, the company has not won new orders this year, UOB Kay Hian analyst Adrian Loh noted in a report. read more