Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

Asia Pac IPO & Placement Research, China biotech

SCI 4Q16: India Utilities Hit, Over-Optimism for Stub

SCI Into 2017: Utilities' Risk Under-Appreciated, Stub Expensive

Sembcorp Industries 2Q16: Long Term Prospects Come with Short Term Challenges

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/1087" target="_blank" data-smartkarma-citation="entities:1087:1">Sembcorp Industries Ltd (SCI SP)</a> reported its first quarter results yesterday. As we expected in our earlier insight (link <a href="https://www.smartkarma.com/insights/sci-into-2017-stub-expensive-near-term-risk-in-india-under-appreciated" target="_blank">here</a>), its utility business performed below consensus expectations. However, what interests market participants post-results is the possibility of restructuring of its offshore marine business. i.e. <a href="https://www.smartkarma.com/entities/11" target="_blank" data-smartkarma-citation="entities:11:1">Sembcorp Marine Ltd (SMM SP)</a>. In this insight, I will walk through the main points from the results, especially on its stub assets and possible actions post-results. </p><p>The…</p>

Sembcorp Industries Ltd (SCI SP) reported its first quarter results yesterday. As we expected in our earlier insight (link here), its utility business performed below consensus expectations. However, what interests market participants post-results is the possibility of restructuring of its offshore marine business. i.e. Sembcorp Marine Ltd (SMM SP). In this insight, I will walk through the main points from the results, especially on its stub assets and possible actions post-results. The…

SCI 1Q17 Results: SMM Speculation Revives Amid Stub Downgrades