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Do recent share price hikes signal likely privatisation or sale of SembMarine?

Broker's Calls

Do recent share price hikes signal likely privatisation or sale of SembMarine?

PC Lee Published on Mon, Jan 22, 2018 / 12:18 PM GMT+8

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SINGAPORE (Jan 22): OCBC believes the potential privatisation or divestment of Sembcorp Marine by Sembcorp Industries might be imminent given the recent spikes in its share price.

Shares of Sembcorp Marine jumped 9.4% last Tuesday and another 9.5% on Friday. The stock is up another 3.9% or 9 cents to $2.39 as at 12.16pm on Monday.

While other reasons behind the spike include a small fine on allegations of bribes for contracts in Brazil or the win of a big order, the possibility of the first two scenarios seems more likely, says lead analyst Low Pei Han.

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Do recent share price hikes signal likely privatisation or sale of SembMarine?

Broker's Calls

Do recent share price hikes signal likely privatisation or sale of SembMarine?

Primary tabs

Error message

Do recent share price hikes signal likely privatisation or sale of SembMarine?

Broker's Calls

Do recent share price hikes signal likely privatisation or sale of SembMarine?

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