Sembcorp Marine is navigating uncertain waters amid the current low-oil-price environment.
No-moat Sembcorp Marine’s third-quarter net profit of SGD 3 million was a sharp improvement from a net loss of SGD 22 million, a year ago. However, stripping out the SGD 32 million foreign exchange gain and tax credit of SGD 3 million, the firm still made a loss, mainly due to lower contribution from floaters and offshore platform projects, contracts termination, and a SGD 13 million inventory writedown. We cut our 2017 earnings by 58% to take into account the disappointing results but we also r...Sembcorp Marine is a marine and offshore engineering group. Co. is engaged in the provision of management services and investment holding. Co. provides a portfolio encompassing a range of integrated solutions from ship repair, shipbuilding, ship conversion, rig repair and rig building to offshore engineering and construction. Co. has two reportable segments: ship and rig repair, building and conversion; and ship chartering. In addition, Co.'s other operations include bulk trading in marine engineering related products; provision of harbor tug services to port users; collection and treatment of used copper slag; and the processing and distribution of copper slag for blast cleaning purposes.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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