Analysts from UOB Kay Hian Research and CGS-CIMB Research have maintained their “buy” and “add” ratings for Sembcorp Marine with unchanged target prices (TPs) of 15.6 and 19 cents respectively, following a visit to the company’s Tuas Boulevard Yard.In his report dated Nov 24, UOB Kay Hian�...

Keppel Offshore & Marine has delivered the first of three jackup rigs to its Abu Dhabi based customer ADNOC Drilling Company PJSC (ADNOC Drilling), and received payment of US$160 million.Keppel expects to receive at least US$352 million for all three rigs between 2022 and 2023. This is in additi...

UOB Kay Hian’s Adrian Loh has kept his “overweight” call on the local offshore and marine sector, given how steady oil prices will help keep a steady stream of orders in the coming year.In his Nov 23 report, he cited rig builders Keppel Corp and Sembcorp Marine as his two top picks, with targe...

KEPPEL Corporation will hold its extraordinary general meeting (EGM) to vote on the proposed merger of its offshore and marine (O&M) unit with Sembcorp Marine (Sembmarine), on Dec 8 at 3pm via electronic means.

Keppel Corp continues to make progress towards its Vision 2030 and its goal of “transitioning Keppel to become a global asset manager and operator with strong development and operating capabilities in energy & environment, urban development and connectivity solutions, all part of a continuous ...

OFFSHORE & marine giant Sembcorp Marine (Sembmarine) lowered its second half guidance compared to its expectations just three months ago, citing a “one-off” uptick in labour costs, lower than anticipated improvement in repairs and upgrades works plus delays in securing some projects.

OFFSHORE & marine giant Sembcorp Marine (Sembmarine) lowered its second half guidance compared to its expectations just three months ago, citing a “one-off” uptick in labour costs, lower than anticipated improvement in repairs and upgrades works plus delays in securing some proje...

OFFSHORE & marine giant Sembcorp Marine (Sembmarine) lowered its second half guidance compared to its expectations just three months ago, citing a “one-off” uptick in labour costs, lower than anticipated improvement in repairs and upgrades works plus delays in securing some proje...

In its latest 3QFY2022 ended September business update, Sembcorp Marine announce that it has signed a revised structure and terms of its proposed combination with Keppel Offshore and Marine (KOM).The group previously announced on Apr 27 that it had entered into definitive agreements for the proposed...

SEMBCORP Marine (Sembmarine) posted a net order book of S$7.1 billion as at the end of its third quarter.

SEMBCORP Marine (Sembmarine) posted a net order book of S$7.1 billion as at the end of its third quarter.

UOB Kay Hian Research analysts have added Singapore Telecommunications (Singtel), First Resources and Keppel Corporation to their Alpha Picks, while switching out Nanofilm Technologies for the larger-cap Venture Corporation.According to UOBKH analysts, the Alpha Picks outperformed the Straits Times ...

Sembcorp Marine, through its wholly-owned subsidiary, Sembmarine SLP, has been awarded the Planned Preventative Maintenance (PPM) contract by green energy developer and operator Ørsted for the Hornsea 2 Offshore Wind Farm, one of the world’s largest wind farms located 89 km off the Yorkshire coas...

THROUGH its wholly-owned subsidiary Sembmarine SLP, Sembcorp Marine (Sembmarine) has clinched an exclusive planned preventative maintenance contract from Danish power company Orsted for one of the world’s largest wind farms.

Analysts are mixed over the revised deal terms of the proposed merger between Sembcorp Marine (SembMarine) and Keppel Offshore & Marine (Keppel O&M). CGS-CIMB upgrades SembMarine to ‘add’ CGS-CIMB Research analysts Lim Siew Khee and Izabella Tan have upgraded their recommendation on Semb...