SembMarine

The combined entity has an order book of $18 billion

The combined entity could result in a “premier global player”

Its business operations remain unaffected throughout.

The group adds that it expects to maintain positive operating cash flow in 2020.

  Disappointing order book For 2QFY2019, SembMarine reported a net loss of $9 million. This was 85% lower than a net loss of $56 million in the same quarter last year. Revenue more than halved to $731 million from $1.63 billion previously. However,

SINGAPORE (Feb 21): Analysts believe Sembcorp Marine (SMM) could be on the cusp of a turnaround, after swinging out of the red with earnings of $5.9 million for 4Q18.

SINGAPORE (Feb 12): Oil majors such as Royal Dutch Shell and BP, which are present in the entire oil and gas value chain — from exploration, production and refining to motorway stations — have had a tremendous 2017. Their outlook for energy and their

SINGAPORE (Feb 22): CIMB is maintaining its “add” call on Sembcorp Marine (SMM) at a higher target price of $3.01, which is now based on a 20-year average of 2.5 times book value.

SINGAPORE (Feb 21): Sembcorp Marine (SMM) has announced a loss of $33.8 million for 4Q17, compared to earnings of $34.3 million a year ago, on lower turnover as well as higher costs.

SINGAPORE (Oct 31): Sembcorp Marine reported earnings of $2.7 million in the 3Q ended September, reversing out of losses of $21.8 million a year ago.