Sembcorp Industries

Offshore & Marine

Sembcorp's power business struggles to ramp up even as marine unit remains a drag

SINGAPORE (March 6): About two years ago, Sembcorp Indus­tries unveiled a bold, new strategy to reduce its dependency on the oil services industry.

Offshore & Marine

Singapore O&M sector should see further consolidation: KGI

SINGAPORE (Mar 6): The offshore and marine (O&M) sector has struggled with a string of macroeconomic uncertainties related to the US-China trade tensions and Brexit, but these have since been o

Results

Sembcorp Industries sinks into the red with 4Q loss of $15 mil; proposes final dividend of 3 cents

SINGAPORE (Feb 21): Sembcorp Industries posted losses of $15 million for 4QFY2019 ended December, a reverse into the red from earnings of $106 million reported for the corresponding quarter in the

Deals, JVs and alliances

Sembcorp-Veolia deal gets go-ahead from competition watchdog

SINGAPORE (Feb 19): The Competition and Consumer Commission of Singapore (CCCS) has cleared Sembcorp Industries’ acquisition of Veolia ES Singapore (VESS). 

Results

Sembcorp Industries expects to sink into the red in 4Q on impairment losses worth $245 mil

SINGAPORE (Feb 6): Sembcorp Industries has reported that it expects to book a net loss for 4QFY2019 ended December on the back of impairment losses worth $245 million. 

M&A

Competition watchdog to assess if Sembcorp-Veolia deal could result in 'substantial lessening of competition'

SINGAPORE (Jan 16): The Competition and Consumer Commission of Singapore (CCCS) is inviting public feedback on the proposed acquisition of Veolia ES Singapore (VESS) by Sembcorp Industrie

OIL & GAS

Market observers shun oil and services sectors, but some locally listed names could shine

SINGAPORE (Dec 20): Saudi Arabian Oil Co (Saudi Aramco), the kingdom’s national oil corporation (NOC) and world’s biggest oil producer, had a positive debut on the Tadawul exchange.

Sustainability

Sembcorp, EMA jointly award grant to NTU to develop Singapore's first virtual power plant

SINGAPORE (Oct 8): Sembcorp Industries and the Energy Market Authority (EMA) have jointly awarded a grant to Nanyang Technological University (NTU) to develop Singapore’s first virtual power plant

Company in the news

SembMarine’s weak 2Q results lead to analyst downgrades; company stays tight-lipped on police raid at Brazilian unit

(Aug 5): Disappointing results, slow order momentum and a weak outlook by the management are among reasons why investors should stay on the sidelines or consider getting out of Sembcorp M

Sustainability

CapitaLand partners Sembcorp to install solar farms atop 6 properties in Singapore

SINGAPORE (July 9): CapitaLand will partner with Sembcorp Industries to install about 21,240 rooftop solar panels atop six CapitaLand properties by the end of this year, forming the largest combine

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