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via EdgeSingapore RSS on 8/4/09
Sembcorp Marine (SMM SP), the world's second-biggest maker of oil rigs, climbed 6.6% to $3.39.
The company said it has won a $160 million contract for the conversion of a tanker into a floating production storage and offloading vessel.
The company said second-quarter net income rose 8%, the smallest increase in six quarters.
Oversea-Chinese Banking Corp. upgraded its rating on the stock to "buy" from "hold" and raised its share-price estimate to $3.67 from $2.65.
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