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Revisions

Sembcorp not just an O&M company now

Broker's Calls

Sembcorp not just an O&M company now

Benjamin Cher Published on Fri, Sep 23, 2016 / 5:00 PM GMT+8

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SINGAPORE (23 Sept): UOB Kay Hian is maintaining its “buy” call on Sembcorp Industries, with a target price of $3.29.

In a Thursday note, lead Analyst Foo Zhi Wei believes that the market has overly discounted its non-marine business, pricing the company as under distress.

Foo argues that Sembcorp now resembles more of a utilities company as fewer marine contracts keep earnings down.

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