SINGAPORE (June 9): Analysts are in favour of the proposed demerger between Sembcorp Marine (Sembmarine) and Sembcorp Industries, which will see the former cease to be a subsidiary of the latter.

“We view the proposal positively, as this will enable [Sembcorp] to focus on its energy and urban development businesses,” RHB Securities analyst Leng Seng Choon writes in a note dated June 9.

“Having a cleaner structure as energy and urban development could rerate [Sembcorp],” CGS-CIMB Research’s head of research Lim Siew Khee writes in a June 9 report.

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