Operation Car Wash

Citi cuts Seatrium’s adjusted profit forecasts, lowers TP to $1.96 after new investigations into Operation Car Wash - THE EDGE SINGAPORE

Broker's Calls

Citi cuts Seatrium’s adjusted profit forecasts, lowers TP to $1.96 after new investigations into Operation Car Wash

DBS Group Research expects shares in Seatrium to react negatively to the news; sees near-term support at $1.58.
MAS and CAD probing Seatrium under SFA over Operation Car Wash - THE EDGE SINGAPORE

Company in the news

MAS and CAD probing Seatrium under SFA over Operation Car Wash

ACG had earlier agreed to a DPA with Seatrium
OCBC's Lim trims Seatrium's fair value to 15.5 cents following DPA but keeps 'buy' call - THE EDGE SINGAPORE

Broker's Calls

OCBC's Lim trims Seatrium's fair value to 15.5 cents following DPA but keeps 'buy' call

After factoring in the DPA, Seatrium's NAV will be slightly trimmed by 1.2%

Company in the news

'Scrubbed clean' Seatrium unshackles surplus assets and puts Operation Car Wash behind

'The energy trilemma is a business opportunity,' says Seatrium's CEO Chris Ong

Company in the news

Ex-president of Seatrium Brazilian subsidiary Martin Cheah acquitted of corruption charges

Under Brazilian law, the Federal Prosecutors’ Office may appeal the decision to acquit Cheah.

Corruption probe

SembMarine lodges suspicious transaction report linked to ex-EJA president Martin Cheah

SINGAPORE (July 8): Sembcorp Marine (SembMarine) has lodged a suspicious transaction report linked to ex-employee Martin Cheah Kok Choon with the Commercial Affairs Department of the Singapore Police Force.

Corruption probe

Police raid premises of SembMarine subsidiary in Brazil

SINGAPORE (July 3): Sembcorp Marine says the Brazilian federal police conducted a raid on the premises of its subsidiary Estaleiro Jurong Aracruz Ltda (EJA).

Broker's Calls

Buyer for West Rigel rig found but graft probe still weighs heavy on SembMarine

SINGAPORE (Dec 27): Sembcorp Marine's subsidiary Jurong Shipyard may have found a buyer for West Rigel, however one negative overhang looming large on the horizon is the Brazilian corruption probe.
Keppel Corp image

Keppel Corp denies EIG’s Petrobras allegations

SINGAPORE (June 2): Keppel Corp on Thursday denied allegations brought about by EIG Management Co and eight of its managed funds in a US$221 million ($304 million) fraud suit against Petroleo Brasileiro SA.
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