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SembMarine shares slide on disappointing Q2 results

"Patience is needed" for the yard to sustain recovery in new orders, says analyst

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To stay relevant, SembMarine is transforming itself to take on large scale engineering, procurement and construction (EPC) projects and offering nimble compacting solutions to customers.

Singapore

SEMBCORP Marine shares sank on Monday, following its second-quarter results released after trading hours on Friday which saw the group post a net loss of S$55.62 million. This came in lower than street expectations.

From last Friday's closing price of S$1.96, its shares...

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