SembMarine kept at 'Buy' on possible Statoil contract win and share price correction

  • Feb 13, 2018
  • The Edge Markets

SINGAPORE (Feb 13): DBS is reiterating its “Buy” call on Sembcorp Marine (SMM) with a target price of S$3.10.

SMM has previously secured the contract to build the hull and living quarters for the floating production, storage and offloading (FPSO) at Statoil’s Johan Castberg development in the Barents Sea in Dec.

See: SembMarine wins S$661 mil Statoil contract to build FPSO hull and living quarters

Following that it has also placed a bid to provide the topside of...(click on link for full story on