OCBC Research upgrades Sembcorp Industries' issuer profile
Proposed deal is credit positive for SCI as the separation of SMM could see increase in parent's return on equity
Singapore
OCBC Credit Research on Friday upgraded Sembcorp Industries (SCI)'s issuer profile to "neutral", on the back of the recently announced two-part deal that will see Sembcorp Marine (SMM) separated from its parent company.
OCBC is of the view that the proposed deal is credit positive for SCI as the separation of SMM could see SCI's return on equity increase t…
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Netflix handily beats subscriber targets, misses on revenue forecast
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff