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Published Mon, Dec 4, 2017 · 09:50 PM

Sembcorp Marine | Buy Dec 4 close: S$1.92 Target price: S$2.10 UOB Kay Hian Research, Dec 4

Our target price remains unchanged at S$2.10, pegged to 1.6 times 2019 forecast price to book.

An improving rig market, especially for harsh environment semisubmersibles, will likely see SembMarine being able to divest the West Rigel semisubmersible at a favourable price.

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