SINGAPORE (Feb 24): Analysts remain conservative in their calls for Sembcorp Industries, following the release of its FY2019 results on Feb 21.

The group plunged into the red, after posting losses of $15 million in 4QFY2019, from earnings of $106 million for the corresponding quarter in the previous year.

Overall, the group’s FY2019 earnings came in at $247 million, some 29% lower than the $347 million it recorded in FY2018.

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