Shares & Derivatives
Sembcorp Marine- No end in Sight and Possible Privatisation Target?
By Investmoolah  •  March 7, 2020
Just when we thought the oil and gas downturn is over, it seems the night just got darker. Sembcorp Marine, one of the bellwether company, posted a higher year on year losses. Loss per share was at 6.5 cents per share. Sembcorp marine's financial results can be found here.

Here are two insights into the company:

1) Construction of Rigs and other offshore vessels is still weak

This is the main business of Sembcorp Marine and is found in Pg 21 and 22 of the financial report. As observed, revenue in this segment has fallen along with a wider loss. That said, revenue recognition for such business is lumpy and it could be that in 2018, SembCorp Marine recognised a larger portion of its projects. Hence we turn our attention to Sembcorp Marine's order book. It is seen that the company has not replenished its orderbook and it has fallen from 3.1Billion to...
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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