Stock Name: Sembcorp Marine
Company Name: SEMBCORP MARINE LTD
Company Name: SEMBCORP MARINE LTD
| Research House: OCBC | Price Call: HOLD | Target Price: 2.99 |
SINGAPORE (Feb 10): OCBC Investment Research is maintaining its "hold" recommendation on Sembcorp Marine with a $2.99 fair value.
Although SembMarine has refuted claims that it had paid bribes to Petrobras directors and politicians, the scandal plaguing Petrobras are unlikely to be over soon and are likely to continue to cast a pall over SembMarine.
In a Feb 10 report by Low Pei Han and Carey Wong, the analysts say SembMarine stands to lose more from negative developments at Petrobras compared to Keppel Corp.
No comments:
Post a Comment