SINGAPORE (Nov 23): OCBC is maintaining its “buy” call on Sembcorp Industries, the developer, owner and operator of energy and water assets, with a fair value of $3.07, given the group is well-positioned to seize business opportunities with its strong track record.
In a Wednesday report, lead analyst Low Pei Han likes Sembcorp for its strong track record in generating and supplying power, steam and natural gas, and providing total water and wastewater solutions for industries. The group is also known for its strong operational, management and technical capabilities.
“Sembcorp has grown its operations to 14 countries and looks set to cement its presence in Asia. Though its marine segment is facing headwinds, the longer term outlook for the utilities segment remains positive,” says Low.
