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Sembcorp Industries (SCI)
Broker's Calls
Maybank increases Sembcorp TP to $6 citing 'confluence of growth factors'
Maybank analyst Kelvin Tan has reiterated his 'buy' rating for Sembcorp with an increased TP of $6.00, up from $4.35 previously.
June 12, 2023
Contracts
Sembcorp Gas signs $1.9 bil sales agreement to import natural gas piped from Indonesia
The agreement supplements Sembcorp’s existing natural gas supply from piped and liquified sources.
June 05, 2023
Right Timing
Do investors prefer corporates to trusts when investing in infrastructure?
Based on market action, investors prefer to invest in corporates such as Sembcorp Industries to an infrastructure trust
May 18, 2023
Broker's Calls
PhillipCapital sees renewable energy as growth engine for Sembcorp Industries, ups TP to $5.06
PhillipCapital's Mak maintains “buy” on Sembcorp, with a higher target price of $5.06 from $3.68 previously.
April 17, 2023
Sustainability
Sembcorp terminates 2021 agreement to develop Indonesia solar and energy storage project
Earlier this month, leaders from Singapore and Indonesia signed an MOU to develop renewable energy generation projects there.
March 27, 2023
Broker's Calls
UOBKH lifts Sembcorp's TP following the group's bullish outlook for 2023 and beyond
UOBKH lifts Sembcorp’s TP following the group’s bullish outlook for 2023 and beyond
March 15, 2023
Broker's Calls
ESG adoption up across Asean with DBS, Sembcorp and SGX top picks in Singapore: Maybank
“Strong capital levels, elevated margins and a wealth management turnaround should provide Singapore banks resilience.”
March 14, 2023
Corporate moves
Earnings from higher power demand help Sembcorp Industries pivot to renewables
Higher energy prices saw SCI announce a net profit of $883 million for FY2022 before exceptional items, up 83% y-o-y.
February 23, 2023
Stocks To Watch
Sembcorp Industries: More legs to grow by moving into renewables
Sembcorp Industries was the second-best performing component stock of the Straits Times Index last year.
January 17, 2023
Environmental, Social and Governance
Singapore's largest-cap firms lay out net-zero commitments
How have the largest local names on the Singapore Exchange (SGX) contributed to the global decarbonisation effort?
December 22, 2022