Good luck to all Keppel Corp & SembMarine shareholders

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Good luck to all Keppel Corp & SembMarine shareholders

Coffee Shop Talk of a non sexual Nature Visit Sam's Alfresco Heaven. Singapore's best Alfresco Coffee Experience! If you're up to your ears with all this Sex Talk and would like to take a break from it all to discuss other interesting aspects of life in Singapore, pop over and join in the fun.

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10-01-2016, 04:20 PM

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Good luck to all Keppel Corp & SembMarine shareholders

An honorable member of the Coffee Shop Has Just Posted the Following:

Singapore Keppel Corp and SembMarine are in dire straits as their biggest client, Sete Brasil mulls bankruptcy filing sometime this month. Full story:

Sete Brasil is scaling down its 29-rig program to 15, of which 13 are from Keppel and SembMarine, with deliveries over 2015-2020.

After Sete Brazil files for bankruptcy, I forecast Keppel and SembMarine share prices to collapse down to $2.80 and 80c respectively.

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