After the announcement on the recapitalisation of Sembcorp Marine and demerger of Sembcorp Marine from Sembcorp Industries in Jun 2020, I have shared my opinion on the possible action plans for this demerger. What will I do about Sembcorp Industries? Sembcorp Industries has announced their poor but expected 1H 2020 results on 17 June 2020 and reported a $131m loss, compared to $191m profit in 1H 2019. The urban segment is able to make profits of $38m. The energy, corporate and marine divisions all chalked up losses, with marine contributing up to $117m of losses. It is important to note that the loss on paper is largely attributed to the one-off exceptional items of $191m. Writing off of asset values and impairment of investments are accounting treatments and do not result in actual cashflows. The energy business actually has a net profit of $156m before a write off of $161m to become accounted...