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Sembcorp shrugs off full-year loss as it pivots more to renewable energy

Jeffrey Tan
Jeffrey Tan3/5/2021 07:00 AM GMT+08  • 8 min read
Sembcorp shrugs off full-year loss as it pivots more to renewable energy
Sembcorp’s positive share price performance, it seems, has continued to be driven by the company’s prospects.
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Shares of Sembcorp Industries have traded higher despite having announced its first ever full-year net loss and largest full-year revenue decline for FY2020 ended Dec 31. The stock is up 6.6%to close at $1.77 on March 3, extending its 12-month gain to 88.9%. The counter is trading not too far from its five-year high of $1.88 achieved late last year.

Sembcorp’s positive share price performance, it seems, has continued to be driven by the company’s prospects, rather than being weighed down by the consolidation of Sembcorp Marine’s (Sembmarine) loss-making performance for much of 2020.

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