Dear readers, it was reported that Sembcorp Marine has reported three consecutive years’ of losses. Based on the above fact, Sembcorp Marine should be put on SGX’s watchlist. However, I read that by virtue of Sembcorp Marine’s six-monthly average daily market capitalisation still meeting the prerequisite financial entry criteria, Sembcorp Marine is safe from SGX watchlist.
From a 52-week high stock price of $1.81 last April to the current $0.68, Sembcorp Marine’s share price has tanked by almost 62%. I have always believe that Sembcorp Marine stock is poised to be privatised as it only makes sense for the offshore and energy sector here to be consolidated.
At this current low price, it makes economical sense to privatise Sembcorp Marine stock.
With the ongoing lacklustre Singapore stocks markets backdrop, I believe more and more Singapore’s listed companies will join the rank of Breadtalk in going private.
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