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SembMarine rides on proposed sale of Cosco Shipyard stake

Published Thu, Nov 17, 2016 · 09:50 PM

Singapore

SHARES in Sembcorp Marine (SembMarine) continued rising for a second day on Thursday, as analysts say that the proposed sale of its interest in Cosco Shipyard Group (CSG) will reduce the drag that the loss-making firm had been making on SembMarine's earnings.

The counter closed 2 cent, or 1.5 per cent, higher at S$1.37 on Thursday, after gaining 1.9 per cent on Wednesday.

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