Sembcorp Industries cut to 'neutral', target lowered to $4.40 by RHB

Stock Name: Sembcorp Ind
Company Name: SEMBCORP INDUSTRIES LTD

Research House: RHB

Price Call: HOLD

Target Price: 4.40

SINGAPORE (May 11): RHB Securities Singapore has downgraded Sembcorp Industries to "neutral" from "buy" and cut its sum-of-parts price target to $4.40 from $4.90, citing continued weakness in the group's utilities business in Singapore and marine operations.