Sembmarine shares rise 1.4% in speculative play on firm's potential merger with Keppel

Singapore

SHARES of Sembcorp Marine (Sembmarine) rose 1.4 per cent on Wednesday as investors appeared to see a heightened possibility of a highly-speculated offshore and marine (O&M) merger.

KGI Securities analyst Joel Ng said that while talks of a merger between Sembmarine and Keppel Corporation's O&M segment "have been going on for several years now", investor optimism has risen on the back of Keppel's Vision 2030 update on Tuesday.