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Singapore yards still facing stormy weather: KGI Fraser

It has an "underweight" on sector, a "hold" call on Keppel, a "sell" call on Sembmarine

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AN oversupply of rigs amid a prolonged oil slump could mean stormy seas for Singapore shipyards over the next two years, brokerage KGI Fraser said in a report on Monday as it initiated coverage on the sector with an 'underweight' rating.

Singapore

AN oversupply of rigs amid a prolonged oil slump could mean stormy seas for Singapore shipyards over the next two years, brokerage KGI Fraser said in a report on Monday as it initiated coverage on the sector with an 'underweight' rating.

KGI, formerly known as AmFraser,

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