SembMarine's possible FLNG contract win fails to stir market

Singapore

NEWS of Sembcorp Marine potentially landing a billion-dollar bracket liquefied natural gas plant award failed to excite the market on Tuesday, even though it renewed one analyst's call on possible upside to contract wins for the large-cap yard group in 2017.

Sembcorp Marine, which opened 10 cents down from previous close at S$1.50, traded at a low of S$1.48 before closing at S$1.49.