Sembcorp Marine is expected to post a further deterioration in its financial performance before things improve, a Singapore analyst has predicted.
UOB Kay Hian shipbuilding analyst Adrian Loh now expects the Singapore-listed company to post a full-year loss of SGD 261m ($188m).
On Wednesday, the company reported a first-half loss of $19m due to the shutdown of production at its Singapore yards since April, due to the coronavirus pandemic.
