Thursday, January 20, 2011

SembMar - Sembcorp Marine rated 'neutral' by DMG

Stock Name: SembMar
Company Name: SEMBCORP MARINE LTD
Research House: DMG

DMG & Partners Securities in a Jan 17 research report says: "Sembcorp Marine (SMM) has won a shipbuilding and three upgrading jobs valued at $215 million for various customers. We estimate that total outstanding orderbook climbed to $5.7 billion, with deliveries extending up to end 2013 and is 1.4x annualised FY10 revenue.


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