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Brokers' take

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Signage of Sembcorp Marine. We have a non-consensus view that deepwater rig orders could recover from Q415F, versus zero drillship orders globally since April 2014. We expect Sembcorp Marine to ride on its market share gain in newbuild drillship orders since Q112. In our view, SMM's proprietary Jurong Espadon compact drillship design has cost and operational advantages over existing designs.

Sembcorp Marine | Buy

May 6 close: S$3.03

Target price: S$4.04

Nomura Research, May 6

We have a non-consensus view that deepwater rig orders could recover from Q415F, versus zero drillship orders globally

sentifi.com

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