Sembcorp Marine - DBS Research 2023-03-28: Restructure, Revive, Renew

• Following the completion of the combining of Sembcorp Marine (SGX:S51) and Keppel Offshore & Marine (KOM) in end-Feb 2023, the new management team has kick-started the planning and integration process. The strategic review might take six to nine months to complete. While it is too premature to discuss details, management assures us that they are people focused and that most of the employees will remain in their roles, especially as the company’s order backlog has surged in 2022. Its current priority is to ensure the smooth transition of both yards and the execution of the existing projects on hand.
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Temasek remains the largest shareholder.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2024-03-18 Seatrium - Stronger Than Ever.

Previous report by DBS:
2024-02-27 Seatrium - Despite Write-Downs, Do Not Write-Off.

Price targets by other brokers at Sembcorp Marine Target Prices.

Listing of research reports at Sembcorp Marine Analyst Reports.

Relevant links:
Sembcorp Marine Share Price History,
Sembcorp Marine Announcements,
Sembcorp Marine Dividend Payout Dates & Corporate Actions,
Sembcorp Marine News