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Analysts keep faith in Sembmarine despite wider-than-expected 1H20 loss

Broker's Calls

Analysts keep faith in Sembmarine despite wider-than-expected 1H20 loss

Jeffrey Tan Published on Thu, Jul 16, 2020 / 2:39 PM GMT+8

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SINGAPORE (July 16): Sembcorp Marine’s (Sembmarine) net loss of $192 million in 1H20 was wider than expected, according to analysts.

But they are not writing the company off just yet, though they are not completely optimistic of the company’s prospects ahead.

In fact, Sembmarine guided that it would continue to incur losses into the foreseeable quarters given the challenging operating environment.

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