SGX Stocks and Warrants
Sembcorp Marine (SMM SP) - Remain Cautious
Sembcorp Marine is one of the global leaders in rig building, offshore platforms and specialized shipbuilding and repairs. Outlook is challenging with the still tough operating environment, and one of the risks mentioned in our earlier reports (fund raising) has transpired.
Further risks include 1) higher than expected capex requirements in the future, 2) risks relating to Brazil, and 3) lower than expected new order flows.
A recovery still looks to be a long way off. HOLD.
Source: OCBC Research - 24 Feb 2021
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
