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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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 fell by 5.1 per cent or 10 Singapore cents, to S$1.86 by 1.40pm.
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