Singapore Stock Market News

Singapore Shipyard - Heightened Brazilian Risks

StockFanatic
Publish date: Tue, 10 Feb 2015, 11:13 AM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.

Both Keppel Corp and Sembcorp Marine have refuted bribery allegations by the Brazilian media. Both yards are currently building drilling rigs for Brazil which form a sizeable 40-50% of their orderbooks. In the worst-case scenario of contract cancellations - which we do not expect - our target prices would be shaved off by 7% for Keppel and 14% for SMM. SCI remains as our top large-cap pick. Maintain MARKET WEIGHT.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment