marine

SINGAPORE (Jan 19): ST Engineering’s aerospace and electronics business segments had jointly reported a record high in new contracts for 4Q16 of $1.54 billion. This came on top of the $138 million in new contracts from the marine segment.

SINGAPORE (Nov 22): Swiber Atlantis, a wholly-owned subsidiary of Swiber Holdings, has signed a memorandum of agreement (MOA) for the sale of its vessel known as Sea Horizon to WAG SPV I, LLC for US$10.25 million ($14.6 million).

SINGAPORE (Oct 31): Despite a poor showing by its marine division, Sembcorp Industries remains attractive with RHB, DBS and OCBC maintaining a “buy” call with target prices of $3.40, $2.90 and $3.07 respectively.

SINGAPORE (Oct 28): Sembcorp Industries’ 3Q16 results have left analysts with unchanged views, with CIMB and Maybank holding on to their “hold” calls with target prices of $2.66 and $2.40 respectively, while UOB maintain a “buy” call with a targ

SINGAPORE (Oct 27): Sembcorp Industries reported a drop of 55.9% in 3Q16 earnings to $53.9 million on the back of $13.2 million losses in its marine division and a $46.2 million mark-to-market impairment for Gallant Venture.

SINGAPORE (Sept 23): Marco Polo Marine has issued a clarification on the Singapore Exchange (SGX) regarding media reports that highlight the company expressing “substantial doubt on its ability to operate as a going concern”.

SINGAPORE (Aug 11): Ezion Holdings saw a 31.5% fall in 2Q earnings to US$19.8 million ($26.6 million) from US$28.9 million a year ago on lower gross profit.

SINGAPORE (Aug 3): CIMB is downgrading its “add” call on Sembcorp Industries to “hold” and lowering its target price for the utilities and marine company to $2.66 from $3.10 previously

SINGAPORE (Aug 2): Sembcorp Industries, the utilities and marine company, posted a 47.1% fall in 1H16 earnings to $193.49 million from a year ago.