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Watch The Contracts For Keppel Corp And SembCorp Marine
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BN4
S51
By: Louis Kent Lee
Articles (199) Profile

ECB policy makers have decided to leave the central bank’s key interest rates unchanged during their two-day meeting.

ECB president Mario Draghi was observed mentioning that the ECB stands “ready” to use all instruments available including further cuts in all its interest rates, in order to ensure that the inflation rate returns to its target.

Meanwhile in the local scene, Sete Brasil shareholders have decided to file for bankruptcy protection. Although this has been in the news zone since January 2016, the current situation seems to have been decided and would be filed with the courts.

Keppel Corp and Sembcorp Marine have got US$4.9 billion and US$5.6 billion of rigbuilding contracts with Sete Brasil respectively. It would be crucial to watch the kinds of restructuring plans that are being drawn out, which could be the taking over of assets and liabilities and selling them to new investors.

More scrutiny on which contracts will remain intact and how Keppel and SMM will be paid is still the key things to pay attention to.

As earnings season kick off, it is interesting to see how first quarter results fare and this should provide further guidance to overall markets’ health.

Louis is a qualified accountant with the ACCA, and is the Research Editor at Shares Investment magazine.

Please click here for more information about this author.

Keppel Corp  6.640 -0.12 -1.78%   
Business: [FY17 Turnover] Infrastructure (37%), offshore & marine (O&M) (30.2%), property (29.9%), investments (2.9%).

Insight: Jul-18, 1H18 revenue rose 6.8% mainly due to highe... Read More
Sembcorp Marine  1.860 +0.010 +0.54%   
Business: Co is a leading global marine & offshore engineering group. [FY17 Turnover] rigs & floaters, repairs & upgrades, offshore platforms (96.4%), others activities (3.6%).

Insight: Jul-18, 1H18 revenue doubled to $2.8b due to recog... Read More


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