In a report released on April 4, Adrian Loh from UOB Kay Hian maintained a Buy rating on Sembcorp Marine (SMBMF – Research Report), with a price target of S$0.15. The company’s shares closed last Tuesday at $0.09.
According to TipRanks, Loh is ranked #3056 out of 8307 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sembcorp Marine with a $0.13 average price target, which is a 38.52% upside from current levels. In a report released on March 31, CLSA also maintained a Buy rating on the stock with a S$0.16 price target.
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Based on Sembcorp Marine’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Sembcorp Marine Ltd. is an investment holding company, which engages in the provision of management services. It operates through the following segments: Rigs & Floaters, Repairs & Upgrades, Offshore Platforms and Specialized Shipbuilding; Ship Chartering; and Others. The Others segment includes bulk trading in marine engineering related products; provision of harbour tug services to port users; collection and treatment of used copper slag; and the processing and distribution of copper slag for blast cleaning purposes. The company was founded on April 25, 1963 and is headquartered in Singapore.
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