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Sembcorp Marine (OTCMKTS:SMBMF) Lifted to "Buy" at HSBC

kopsource · Dec 1, 2022 01:41

Seatrium +1.08% SMBMF +7.15% HSBC HOLDINGS -0.08%

HSBC upgraded shares of Sembcorp Marine (OTCMKTS:SMBMF – Get Rating) from a hold rating to a buy rating in a report released on Monday, The Fly reports.

Sembcorp Marine Stock Performance

OTCMKTS:SMBMF opened at $0.10 on Monday. Sembcorp Marine has a 52 week low of $0.06 and a 52 week high of $0.12. The stock's fifty day moving average is $0.09 and its two-hundred day moving average is $0.08.

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About Sembcorp Marine

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Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs, jack-ups, semi-submersibles, drill ships, SSP solutions, TLPs, and SPARs.

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