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Brokers' take

Published Mon, Feb 26, 2018 · 09:50 PM
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Sembcorp Industries | Buy Target price: S$4.40 Feb 26 close: S$3.20 DBS Group Research, Feb 26

We continue to like Sembcorp Industries (SCI) as it offers a unique value proposition as a proxy to ride the cyclical offshore and marine upturn, and is supported by a defensive utilities business.

Its focus on more proactive capital recycling will allow SCI to augment its balance sheet (lower gearing by 0.15 times), and enhance return on equity. Incl…

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ST Engineering
sembcorp marine

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