In a report released yesterday, Lim Siew Khee from CGS-CIMB maintained a Buy rating on Sembcorp Marine (SMBMF – Research Report), with a price target of S$0.12. The company’s shares closed yesterday at $0.08.
According to TipRanks, Siew Khee is an analyst with an average return of -4.7% and a 39.13% success rate.
Currently, the analyst consensus on Sembcorp Marine is a Strong Buy with an average price target of $0.12.
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Based on Sembcorp Marine’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Sembcorp Marine Ltd. is an investment holding company, which engages in the provision of management services. It operates through the following segments: Rigs & Floaters, Repairs & Upgrades, Offshore Platforms and Specialized Shipbuilding; Ship Chartering; and Others. The Others segment includes bulk trading in marine engineering related products; provision of harbour tug services to port users; collection and treatment of used copper slag; and the processing and distribution of copper slag for blast cleaning purposes. The company was founded on April 25, 1963 and is headquartered in Singapore.
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