Sembcorp Marine rated 'buy' by Kim Eng

Stock Name: SembMar
Company Name: SEMBCORP MARINE LTD
Research House: Kim Eng

Kim Eng Research in a Feb 24 research report says: "Sembcorp Marine (SMM) posted FY2010 earnings of $860.3 million that was some 7% ahead of our and consensus expectations. This improved performance came from record margins, driven by the recognition mix for its rigbuilding business.

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