Sembcorp Marine - UOB Kay Hian 2023-03-31: A Landmark Order Win

• Sembcorp Marine (SGX:S51) announced that its consortium had won a €6b contract for three large wind farms offshore the Netherlands from TenneT, the grid operator for both the Netherlands and Germany. With an estimated 50% share of this contract, we estimate that Sembcorp Marine’s orderbook has increased by 24% to S$22.3b.
• - Read this at SGinvestors.io -

Largest-ever offshore renewables contract for Sembcorp Marine (SMM).

• - Read this at SGinvestors.io -
• We highlight that in its press release, Sembcorp Marine stated that this is the “largest offshore renewables project secured by the group”.

Sembcorp Marine’s share and role in the project.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2024-03-18 Seatrium - No Surprises At Its Inaugural Investor Day.

Previous report by UOB:
2024-02-28 Seatrium - 2023 Underying EBITDA & Profit Are Encouraging.

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