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$0.19. The company’s shares closed last Thursday at $0.11.
According to TipRanks, Siew Khee is an analyst with an average return of -1.6% and a 37.04% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sembcorp Marine with a $0.13 average price target.
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SMBMF market cap is currently $6.64B and has a P/E ratio of -18.33.
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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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