Shares in Sembcorp Marine and Sembcorp Industries remained halted for a second day on Friday, prompting speculation among some analysts about a potential deal between the Singapore rigbuilder and its parent company.[SINGAPORE] Shares in Sembcorp Marine and Sembcorp Industries remained halted for a second day on Friday, prompting speculation among some analysts about a potential deal between the Singapore rigbuilder and its parent company.
"Given the concurrent nature of the trading halts, we believe that any announcement would involve a form of transaction between the two companies," analysts at Citi said in a report.Sembmarine's shares closed up 17 per cent at S$0.725 on Wednesday, giving the company a market value of S$1.78 billion. Its shares have lost 36 per cent this year.
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