Sembcorp Industries (Sembcorp)

Analysts remain positive on Sembcorp Industries amid ‘intact’ green transition theme - THE EDGE SINGAPORE

Broker's Calls

Analysts remain positive on Sembcorp Industries amid ‘intact’ green transition theme

Maybank and DBS Group Research have kept their "buy" calls and TPs of $6.30 and $7.15 respectively.
Sheng Siong, Jumbo, Kimly, CDL, UOL, Sembcorp and Keppel expected to benefit from Budget 2024, says CGS International - THE EDGE SINGAPORE

Budget 2024

Sheng Siong, Jumbo, Kimly, CDL, UOL, Sembcorp and Keppel expected to benefit from Budget 2024, says CGS International

The measures proposed at the Singapore Budget 2024 was fairly expected, say analysts Lock Mun Yee and Lim Siew Khee.
Sembcorp's FY2023 earnings rises 11% y-o-y to $942 mil - THE EDGE SINGAPORE

Results

Sembcorp's FY2023 earnings rises 11% y-o-y to $942 mil

Sembcorp's net profit before extraordinary items in FY2023 stood at $1.018 billion, up 38% y-o-y.

Sustainability

Sembcorp enters into MOU to supply Japan with green ammonia produced in India

Shares in Sembcorp closed 10 cents lower or 1.94% down at $5.06 on Dec 18.

Sustainability

Sembcorp receives Letter of Award for 300MW solar project in India

The project is expected to be ready for commercial operation in 2026.
Sembcorp awarded JTC tender for Singapore's largest public solar power project to date - THE EDGE SINGAPORE

Environmental, Social and Governance

Sembcorp awarded JTC tender for Singapore's largest public solar power project to date

Sembcorp will solarise interim vacant land and rooftops of five buildings on Jurong Island with a contracted capacity of 117MWp.

Sustainability

Sembcorp to acquire 428MW of wind assets in China and India for $200 mil

Upon completion of these acquisitions, Sembcorp’s gross renewables capacity will reach 12.6GW globally.

Sustainability

Sembcorp to add 245MW of renewable energy to Vietnam portfolio for up to $218 mil

The transaction is expected to be completed in 1H2024.

Broker's Calls

Analysts keep 'buy', 'add' and 'accumulate' calls on Sembcorp after $14 bil renewable energy solution plan announced

Sembcorp will fund these initiatives without equity fundraising, but analysts believe in its strong operating cash flow.
×