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Published Wed, Jan 20, 2016 · 09:50 PM

Singapore offshore & marine | Negative

Maybank Kim Eng, Jan 19

SETE Brasil's potential bankruptcy and oil's unending rout have brewed extreme pessimism on Singapore rigbuilders. We see no respite over the next six months, given: 1) weak rig orders; 2) contract cancellation risks; and 3) potential asset writedowns.

sembcorp marinesembcorp industriesmidas holdings

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