$SEMBCORP MARINE LTD(S51.SI)$ Biggest renewable offshore contract win ever!! $Sembcorp Marine(S51.SG)$ Euro 6 billion contract win just accounced in Europe, together with GE. biggest and most advanced such project ever in the world. https://finance.yahoo.com/news/two-ge-led-consortiums-agreement-061500670.html
$SEMBCORP MARINE LTD(S51.SI)$much less uncertainties for the merger now. The current share price is undervalued. Hopefully institutions will come in now. Even though still not a good deal for the SCM minority shareholders.
Half year results just came out. The result was actually quite good, EBITDA almost breakeven, cashflow positive with $300m more cash on the book,order book also increased by $1,5B; but expectation were to high, many people are speculating on super good results (like even making profit like Keppel O&M) and make quick money, those short term speculators are selling now
$SEMBCORP MARINE LTD(S51.SI)$Here is why it's going up today:[business times] Sembmarine: SEMBCORP Marine is expecting a “significantly better” financial performance for its upcoming half-year results due to new contract and order developments as well as an improving industry outlook.This was stated by the marine and offshore engineering group in its Q1 interim business update on Wednesday (May 18), where it said 6 of 12 projects scheduled for delivery in FY2022 have been completed in the year to date (YTD).