SMM, meanwhile, tumbled 8.8 per cent or S$0.017 to trade at S$0.176 on Wednesday as at 11am.Within the first 15 minutes of early trade, the marine firm's shares had sunk to a low of S$0.167, down 13.5 per cent or S$0.026 from Tuesday's close.Analysts have said that SCI now looks more attractive without SMM weighing it down, especiallyBased on SCI's closing price on Tuesday, the stock has gained 3.
CGS-CIMB analyst Lim Siew Khee told The Business Times:"Relative to pure play power names, SCI is more diversified and also operates in different markets in addition to a variety of products. "It is not easy to compare them with regional peers but given that they are now considered as a purer play in the market, investors could start to give them that credit."For daily updates on weekdays and specially selected content for the weekend. Subscribe to