|Day's range||1.605 - 1.615|
|52-week range||1.215 - 2.090|
|PE ratio (TTM)||53.83|
|Earnings date||27 Jul 2017|
|Dividend & yield||0.02 (1.51%)|
|1y target est||1.59|
Potential M&As in Singapore yards is one. Although Sembcorp Marine posted a 28% earnings drop to $40m, there is nothing but hopes for it to redeem itself in the next few months, DBS Group Research said. According to analyst Pei Hwa Ho, changes can step from Sembcorp Marine being a pure play to ride the oil price recovery.
From PropertyGuru: Under the Remaking Our Heartland (ROH) programme, residents of Pasir Ris can look forward to about 2,000 new HDB flats and a new mixed-use project at the town centre. Situated next to Pasir Ris Park, the public housing developments are expected to be launched in the next three to five years and will come with a wide range of amenities and multi-generational facilities. “For seamless connectivity, these will be integrated with a proposed Central Greenway with elevated cycling/pedestrian paths, providing direct connection from the town centre to Pasir Ris Park,” said HDB in a statement.
Sembcorp Marine started the year stuck in the doldrums as it reported a 27.9% slump in net profit to $39.5m due to lower sales. According to OCBC Investment Research, Sembcorp Marine (SMM) would have reported a net loss of about $10m if without the $46.8m gains from the divestment of its 30% interest in COSCO Shipyard Group, which was completed in January 2017. In 1Q17, SMM had new orders of S$75m (all variation orders).