Monday, 11 September 2017

Stocks to watch: Sembcorp Marine, Hyflux

THE accompanying organizations saw new advancements that may influence exchanging of their offers on Tuesday: 

Sembcorp Marine Limited (SembMarine): SembMarine's entirely possessed Brazilian backup has won a US$145 million contract. In an announcement to the Singapore Exchange on Monday, the firm said it anticipates that a positive commitment will its profit from the agreement, excepting any unanticipated conditions. SembMarine's offers edged up 0.64 for each penny to close at S$1.575. CIMB Research looked after its "include" call with an objective cost of S$1.87. "Contract wins and stripping of postponed apparatuses could be a key impetus," it said. 

Hyflux Limited: Mainboard-recorded Hyflux on Monday said SEPCOIII Electric Power Construction Corporation has been requested to pay its auxiliary, Hydrochem, US$16.1 million after a mediation question. The request was issued by the tribunal on Aug 31. Hyflux's offers shut at S$0.485 on Monday.


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