- 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 the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-03-31
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 4 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 Dividends & Corporate Actions,
Sembcorp Marine News Articles
