Saturday, 9 May 2009
Semb Corp: Got in at $3.14
Tip toe into the market.
Sembcorp Marine, the world's number two builder of offshore oil rigs, said on Friday its first-quarter net profit climbed 34 per cent from a year ago.
The Singapore company, 61-per cent owned by conglomerate Sembcorp Industries, said its order book stood at S$8.42 billion at the end of the first quarter, versus S$9 billion at the end of the fourth quarter.
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Will SML help to pull SCI higher? SCI announcing Q1 on Tuesday