This graph shows Sembcorp Marine's net order book

Three jack-up rigs will be delivered in 4Q12.

According to OCBC, on a sequential basis, net profit fell 19%; we were expecting a pick up as more projects achieve initial revenue recognition stage.

Here's more from OCBC:

However, 3Q12 only saw one jack-up rig achieve initial revenue recognition. The operating margin of 14.1% in 3Q12, though higher than 2Q12’s 13.1%, was also lower than our 15% assumption. Meanwhile we sense management’s more conservative stance towards margin guidance.

That said, we expect 4Q12 to be a better quarter as the first drillship is scheduled to achieve initial revenue recognition, albeit with lower margins. Three jack-up rigs will also be delivered in 4Q12 vs one in 3Q12.

Click the image to enlarge.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia