In a Tuesday report, analyst Low Pei Han notes that net gearing as at 1Q19 for SMM and SCI was at 1.47 times and 1.1 times, respectively,
SINGAPORE (June 4): OCBC Investment Research is maintaining “buy” on Sembcorp Industries (SCI) with a lower fair value estimate of $3.03 compared to $3.13 previously.
The fair value cut comes on the back of a lower fair values estimate for SCI’s 61%-owned marine business Sembcorp Marine (SMM), as the market continues to monitor SMM’s capital expenditure and working capital needs.
