Forward PE: 11
Price to Book:0.65
Net Debt to Equity: 1.09
Dividend Yield: 1.8%
With the recent corporate announcements by Keppel Corp (It was one of my picks earlier), I am adding Sembcorp Industry to my Investor Edge list.
Trading at price to book of 0.65 (NAV: 3.42) and forward pe of around 11x, the recent announcements will be a potential positive catalyst for this well-known name.
The thesis will be Sembmarine is likely to be taken over by Keppel Corp in their restructuring and if so SCI will be a beneficiary being the parent.
Also, with the settlement of Sete Basil saga, it could have better bargaining power especially so since the marine business seems to be turning around with a 6 million loss in 1H2019 as compared to 32 million loss in 1H2018. They could also potentially claw back some of the writedowns of 329 million for