Singapore Stock Market News

Sembcorp Marine - Look beyond weak near-term earnings

StockFanatic
Publish date: Thu, 22 Feb 2018, 01:18 PM
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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.
■ Wider-than-expected loss in 4Q17 partly due to cost overrun for several projects' variation orders

■ Slashed FY18/19 forecasts by 54-58% to reflect operating loss at current activity level; earnings improvement slipping into 2H18

■ Declared 1 Sct final dividend

■ Potential price pullback offers healthier entry point; TP adjusted to S$2.90
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