In a Friday report, analyst Ho Pei Hwa says while it is premature to shed more light on the future direction of Sembcorp, this may revive market speculation on potential rationalisation of Sembcorp Industries, Sembcorp Marine and Keppel Corporation.
SINGAPORE (Aug 4): DBS Group Research continues to like Sembcorp Industries as a proxy to ride the cyclical Offshore & Marine upturn which is also supported by a defensive utilities business.
Under the helm of the new CEO, Sembcorp Industries is undertaking a complete review of businesses and strategic direction, focusing on performance, sustainability and value creation. The review is expected to be concluded in 4Q17.
