Going to look at this company today. It closed today at $3.30, after a 10 cent drop today. For those who don't know the company, it is a company that deals primarily with the utilities and marine sector. In the utilities segment it is in the energy, water and waste management businesses while its marine segment, which contains subsidiary Sembcorp Marine, makes the bulk of its revenue from rig building and offshore conversions/platforms.

(Image source: http://www.siww.com.sg/)

Starting off with the balance sheet. The company's net current assets seems to be quite ok, with around 10% more current assets than liabilities. But one thing to look out for is that most of its current assets is made up of work-in-progress and inventories, so if they are unable to be sold or completed, they may be unable to meet their current liabilities. The company has been increasing its borrowings ......