Monday, February 27, 2012

Sembcorp Marine upgraded to 'buy' by Phillip Securities

Stock Name: SembMar
Company Name: SEMBCORP MARINE LTD
Research House: Phillip SecuritiesPrice Call: BUYTarget Price: 6.10



Phillip Securities Research in a Feb 24 research report says: "Sembcorp Marine reported FY2011 results that were slightly above expectations (6% above PSR's forecasts). Full year revenue came in at $3.96 billion (-13% y-o-y) and net income came in at $752 million (-13% y-o-y).

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