Wednesday, April 4, 2012

Sembcorp Marine - Return of semi-sub drilling rigs

Stock Name: SembMar
Company Name: SEMBCORP MARINE LTD
Research House: CIMBPrice Call: BUYTarget Price: 6.28




Target S$6.28

After a lull of more than two years, the semi-sub drilling rig trend could be revived as Seadrill led the market by placing a US$568m order with SembMarine. We believe all it takes is for one or two drillers to start placing orders before the rest follow suit.


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