Sembcorp Industries Ltd provides utilities and integrated services for industrial sites such as power, gas, steam, water, wastewater treatment and other on-site services. The Company's businesses also include marine & offshore engineering and urban development comprising industrial parks and business, commercial and residential spaces.
We reduce Sembcorp Marine’s, or SMM’s, 2016-18 earnings forecasts by 10%-54% to factor in disappointing third-quarter results. SMM’s cumulative...