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Strategic review news lifts Sembcorp, Sembmarine stocks

Some analysts see possibility of unlocking shareholder value

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Published Thu, May 4, 2017 · 09:50 PM

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Rebound

Singapore

SHARES of Sembcorp Industries and Sembcorp Marine (Sembmarine) rallied on Thursday, following the announcement of a strategic review by Sembcorp Industries.

Sembmarine surged 9.1 per cent or 15 cents to S$1.79 in heavy trading with some 27.1 million shares changing hands, making it one of the most active counters on the Singapore Exchange.

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