Sembcorp Industries

Sembcorp swings into FY2020 net loss of $997 mil after Sembmarine divestment - THE EDGE SINGAPORE

Results

Sembcorp swings into FY2020 net loss of $997 mil after Sembmarine divestment

Sembcorp Industries has announced a weak set of results for FY2020 ended Dec 31, following the divestment of its former subsidiary Sembcorp Marine (Sembmarine).

Sembcorp Marine posts $582.5 mil loss for FY20 including $162 mil asset impairments and provisions in 4Q - THE EDGE SINGAPORE

Results

Sembcorp Marine posts $582.5 mil loss for FY20 including $162 mil asset impairments and provisions in 4Q

Sembcorp Marine (SembMarine) has reported a higher net loss of $582.5 million for the FY2020 ended December, compared to the net loss of $137.2 million in the FY2019, due to lower overall revenue a

New appointments

Sembcorp Industries appoints SATS chief corporate officer as new group chief financial officer

Sembcorp Industries has appointed Eugene Cheng as its new group chief financial officer CFO.
Sembcorp Industries' group chief financial officer to step down - THE EDGE SINGAPORE

New appointments

Sembcorp Industries' group chief financial officer to step down

Sembcorp Industries, announced, on Jan 15, that its group chief financial officer Graham Cockroft will step down, effective Feb 28.

Keppel, Sembcorp, Sembmarine’s pivot from O&M industry still nascent - THE EDGE SINGAPORE

Company in the news

Keppel, Sembcorp, Sembmarine’s pivot from O&M industry still nascent

This year has been pivotal for Keppel Corp, Sembcorp Industries and Sembcorp Marine (Sembmarine).

Positive vaccine news sees underperformers rebound  - THE EDGE SINGAPORE

Broker's Calls

Positive vaccine news sees underperformers rebound

With a viable Covid-19 vaccine seemingly just around the corner, global investors are increasingly switching out of growth plays towards value stocks.

STI down by 3.3% amid the US election and second wave of Covid-19 infections - THE EDGE SINGAPORE

STI watch

STI down by 3.3% amid the US election and second wave of Covid-19 infections

As at noontime on Nov 2, the Straits Times Index (STI) was trading at 2,439.76, up from 2,431.265 as at 9am on the same day.

Don’t expect 'eye-catching' 3Q business updates from Keppel, Sembmarine: UOBKH - THE EDGE SINGAPORE

Broker's Calls

Don’t expect 'eye-catching' 3Q business updates from Keppel, Sembmarine: UOBKH

Amid the current results season, UOB KayHian is not expecting anything “eye-catching” from Keppel Corp and Sembcorp Marine (Sembmarine).

Company in the news

To secure Keppel's future, its O&M unit needs to go — with or without Temasek

On a late afternoon on Sept 29, Keppel Corp CEO Loh Chin Hua sat down to give a virtual briefing on the company’s future direction over the next decade.

Broker's Calls

CGS-CIMB lowers Sembcorp TP; keeps 'add' on expected ROE improvement

Although Sembcorp Industries continues to be rated an “add” by CGS-CIMB Research, the brokerage has lowered its target price for the company to $1.95 from $2.27 previously.

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