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Sembcorp Industries to be powered by global energy transition, India turnaround

Stanislaus Jude Chan
Stanislaus Jude Chan5/7/2018 12:05 PM GMT+08  • 2 min read
Sembcorp Industries to be powered by global energy transition, India turnaround
SINGAPORE (May 7): OCBC Investment Research is keeping its “buy” call on Sembcorp Industries (SCI) with an unchanged fair value estimate of $3.59 ahead of long-term positives in the energy market.
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SINGAPORE (May 7): OCBC Investment Research is keeping its “buy” call on Sembcorp Industries (SCI) with an unchanged fair value estimate of $3.59 ahead of long-term positives in the energy market.

SCI is “in for the long term,” says lead analyst Low Pei Han in a Friday report. “Over the longer term, SCI will seek to position itself for the global energy transition in terms of a changing global fuel mix, higher demand for renewables, proliferation of distributed energy resources and declining power prices.”

“The share of electricity as a proportion of total energy demand is also rising in part due to the electrification of the heating and transport sectors, and SCI is well-placed to benefit,” Low adds.

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