The research team at OCBC Investment Research has downgraded Sembcorp Industries to “hold” from its previous “buy” recommendation in June.

Following the official demerger between Sembcorp Industries and Sembcorp Marine in August, shares in Sembcorp surged about 50% till the close of September 9.

The marine segment, which has been a drag on Sembcorp, is no longer there, which allows Sembcorp to focus on its suite of energy, utilities, and urban solutions.

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