Keppel and Sembcorp Marine signed a definitive agreement for merger Keppel and Sembcorp Marine announced this morning that they have entered into a definitive agreement for the proposed combination of Keppel O&M and Sembcorp Marine to create a new entity that will be focused on offshore renewables, new energy and cleaner O&M solutions. This merger … Read more
Merger between Keppel Corp and Sembcorp Marine finally taking place Both Keppel and Sembcorp Marine requested for their share prices to be halted before the start of market trading on 24 June. According to the Straits Times report quoting sources from Reuters, both companies are in the process of kicking off talks to explore combining … Read more
What to note when Sembcorp Marine goes ex-rights tomorrow Sembcorp Marine shares are expected to trade ex-rights tomorrow. This means that today is the last day which Sembcorp Marine shares will be trading “cum-rights”. For those who are not familiar with these terms, simply put, if you are a Sembcorp Marine shareholder and did not … Read more
This week saw an unprecedented drop in oil prices to a negative level, almost -$40/barrel to be exact. Such a phenomenon has not happened in the past and it was largely the result of paper traders and Oil ETFs dumping their expiring May contracts “by all means” as buyers disappear. Since then, WTI oil prices … Read more
Capping a disastrous end to 2019 Sembcorp Marine announced its 4Q19 results before the market opens on 20 February. The company incurred 4Q19 losses of S$77.7m, bringing full-year 2019 losses to S$137m. We previously expected full-year 2019 losses to be in the region of S$100-110m. We believe the main reason why losses came in significantly … Read more
Sembcorp Marine announced its 3Q19 results this morning. The company incurred S$53m losses in this quarter alone (3Q18 losses of S$29.8m), bringing YTD total losses to S$59m. While the losses might seem massive, management has previously guided that the company will incur significant losses in 2H19 as a result of low work load, a direct … Read more
