Sembcorp Marine's earnings to rebound 17% in FY13

Thanks to initial contributions from the Petrobas rig orders.

Here's more from CIMB:

We have reduced our FY12F by 8% on weak 1H12 and a reduced EBIT margin assumption of 14.5% (prev 15.7%). Our FY13F is intact, with the initial contributions from the assumed Petrobras rig orders to offset adjustments to our orderbook recognition schedule.

We expect earnings to pick up in 2H12 and rebound 17% y-o-y in FY13 as 1)  deliveries could see risk contingencies reversed and booked into profits; 2) efficiencies from repeat designs; and 3) contribution from new yard kicks in.

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Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley