Will OPEC cut boost the value of both Sembcorp stocks?

SINGAPORE (Dec 5): DBS Vickers Securities is reiterating its “buy” call on Sembcorp Industries (SCI) with a higher target price of $3.10 from $2.90 previously.

Meanwhile, DBS is upgrading its recommendation on Sembcorp Marine (SMM) to “hold” with a higher price target of $1.55 from the previous “fully valued” call at a price target of $1.15.

This comes after the Organization of the Petroleum Exporting Countries (OPEC) last week agreed to cut oil production in a bid to end the global glut.

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