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Analysts raise their target prices for Sembcorp Industries on its strategic shift to renewables

Atiqah Mokhtar
Atiqah Mokhtar5/28/2021 04:59 PM GMT+08  • 3 min read
Analysts raise their target prices for Sembcorp Industries on its strategic shift to renewables
Analysts raised their target prices to at least $2.40.
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Photo: Sembcorp Industries

Analysts are resoundingly positive on Sembcorp Industries’ plans to transition its portfolio to predominantly renewable energy and sustainable urban developments.

CGS-CIMB Research, DBS Group Research and UOB Kay Hian all raised their target prices for the stock after Sembcorp unveiled its strategic plan to transform its portfolio from brown to green at its investor day on May 27.

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