Singapore Stock Market News
Offshore & Marine - More distressed rigs for sale
StockFanatic
Publish date: Thu, 03 Dec 2015, 06:55 PM
StockFanatic
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■ The standstill agreement (read: cancellation) with North Atlantic Drilling for a semisub could be the culprit behind SMM's recent profit warning.
■ This could be the last high-risk non-Brazilian rig that requires profit reversal.
■ Keppel may not be spared; seven non-Brazilian rigs its order book may see more push-back or cancelation.
■ Maintain Underweight on the sector.
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