|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||3.03 - 3.10|
|52-week range||2.83 - 3.45|
|PE ratio (TTM)||17.37|
|Earnings date||22 Feb 2018|
|Forward dividend & yield||0.06 (2.43%)|
|1y target est||3.58|
The shares were purchased for US$6.9m. Sembcorp Industries (SCI) raised its stake in a joint venture (JV) firm Vietnam Singapore Industrial Park Pte Ltd (VSIPPL) from 92.9% to 96.6%. According to a press ...
Sembcorp Industries (SCI) had an eventful year due to its Indian segment, so OCBC Investment Research said it is not surprising if it undertakes an initial public offering (IPO). An October report by India’s LiveMint mentioned that SCI is preparing to list its Indian unit, which consists of thermal and renewable power assets. This year, SCI increased its stake in its India renewable energy business to 70.38%, won an Indian wind power project with up to 250MW capacity, and bagged master development rights to the Andhra Pradesh Amaravati City start-up area.
United Overseas Bank’s (UOB) 3Q17 loans growth was 7.7% higher y-o-y driven by strong double digit loans growth from manufacturing and financial institutional loans coupled with a 6.6% increase of housing loans growth. Net interest margin (NIM) expanded 4bps q-o-q to 1.79%.
Sembcorp Industries (Sembcorp) will build two grid-rooftop solar energy systems at Singapore Technologies Aerospace's (ST Aerospace) Changi and Seletar facilities. According to a press release, both photovoltaic systems will be built, owned, operated and maintained by Sembcorp and have a combined capacity of 4.1 MW. The firm said the ST Aerospace rooftop solar energy project is its fourth project.
Electricity prices in India bolted to a record high of 10.6 cents/kWh (INR5.1/kWh) in Q3. A jolt in Indian spot electricity prices could save Sembcorp Industries' Indian business from further losses, UOB ...
Sembcorp has decided to acquire IDFC Private Equity Fund III's (IDFC) remaining stake in Sembcorp Green Infra (SGI) for $301m. According to a press release, this will raise the Sembcorp's stake in SGI to 100%, making it the sole owner of the company. "The consideration for the acquisition was agreed between the parties based on, amongst others, comparable market valuations, and an assessment of SGI’s assets and business prospects," Sembcorp said.
It is currently undertaking a strategic review of its businesses. Sembcorp Industries is currently undergoing a strategic review of the group’s businesses and OCBC Investment Research said there are various scenarios that can happen until the conclusion in 4Q17. "Some of the possible outcomes include the divestment or privatisation of Sembcorp Marine," lead analyst Low Pei Han said.
The former has a stronger operating margin compared to its rival. Following a challenging quarter for Singapore shipyard firms, analysts at UOB Kay Hian are laying their bets on Sembcorp Industries, preferring it over its rival Keppel Corporation. According to Andrew Chow, Sembcorp met analysts' expectations as better earnings from Singapore utilities and gas helped offset continued losses in India.
SembCorp Industries Ltd (SGX: U96) has big dreams for India. At the end of 2016, operations in India had a gross power capacity of 3,611 megawatts (MW), accounting for almost a third of the conglomerate’s overall capacity. The mainstay of the Indian operations was the 2,640 MW Sembcorp Gayatri Complex, which comprises of Thermal Powertech Corporation India Limited (TPCIL) and Sembcorp Gayatri Power (SGPL).
Blame its weak-performing thermal power project in India. Sembcorp Industries posted a decline in net profit for the past six months, down 13.7% to $194.9m. According to the group, its utilities business contributed $98.3m in net profit to the Group compared to $149.9m in 1H16 due to weak performance from its second thermal power project SGPL in India.
M1’s share price has held up relatively well ever since its 3 major shareholders announced their intention to undertake a strategic review of their shareholdings. However, considering that a buyer would have to come up with over $2.2b for a controlling stake, funding could be a potential stumbling block for bids to materialise.
This will be due to its operations in India. Sembcorp Industries' headline losses for India operation is expected to be higher in the past quarter than in 1Q17, UOB Kay Hian analysts Foo Zhi Wei and Andrew Chow said. The two analysts said this could be due to a one-off refinancing charge.
Sembcorp Industries announced that it has added two operating rooftop solar facilities in Singapore to its global renewable energy portfolio. Sembcorp completed its purchase of 100% of Solar C&I Holdings (Solar C&I) for $3.3m from REC Solar. The transaction was made by the group's wholly-owned subsidiary Sembcorp Utilities.
According to DBS Group Research, Sembcorp Industries' India power business could be volatile this year. "[The group] is actively exploring short-term contracts as an “alternative supplier” to help fill the gap of generation by other power plants, which should yield better margins than just covering cash cost in the case of the spot market," it added.
Sembcorp Industries ended the past quarter with strong gains, recording an 11.3% rise in net profit to $119.1m compared to last year. The improvement in net profit was an effect of its robust urban development businesses, which posted a net profit of $37.2m, compared to $1.2m recorded a year ago. On the other hand, its marine business contributed a net profit of $24.1m compared to $33.5m in 1Q2016.
The project’s high-wind location would boost yields by up to $4m. Sembcorp Industries’ plans to expand its wind power in India is expected to boost its profits by as much as $4m, said a company flash note by CIMB. To recall, Sembcorp's wind division in India, Sembcorp Green Infra (SGI), was awarded to build a project with close to 250MW capacity.
From Motley Fool: Sembcorp Industries’ power capacity in India has ramped up from zero in 2006 to an impressive 3,611 mega-watts (MW) in 10 years. India’s contribution is now significant, given that the total power capacity of Sembcorp Industries stands at around 11,000 MW. From PropertyGuru: Following an injection of over $1m from 2011 to 2014, five investors have filed police reports against A2A Capital Management, after they failed to receive returns for their investments in the company’s land-banking schemes.
Sembcorp Industries' power arm Sembcorp Gayatri Power Ltd (SGPL) is expected to refinance its debt this year, bringing about a one-off financing charge estimated at $30m. According to UOB KayHian, the refinancing will seek to lower the interest rate on SGPL’s debt, which currently stands at 12.9-13.8%. SGPL’s earnings are highly sensitive to bank interest rates, with every 100ppt decrease in interest rates adding $12m-16m to net profit.
It uses predictive analytics in the operations of utilities plants. Sembcorp Industries unveiled the Sembcorp Global Asset Management System (GAMS), a system which utilises advanced digital tools in predictive ...
Global energy, water, and marine group Sembcorp Industries Ltd. increased its Q4 earnings 143% to $147.5m compared to just $60.8m from the same period last year. The company also posted a net profit of $394.9m and a turnover of $7.9b for the full year 2016, lower than $548.9m and S$9.5b recorded in the previous year. The biggest contributor to the Group’s earnings is the Utilities business, whose profit, excluding exceptional items, grew 4% from FY2015 to $348m driven by strong growth in its China operations.
The funding is for its power plant project in Bangladesh. Sembcorp Industries is looking to end the year with a bang as it secured a project financing for its Bangladesh power plant from International Finance Corporation. In a statement, Sembcorp revealed that IFC, along with Singapore-based infrastructure project financing firm, Clifford Capital and CDC Group, the UK government’s development finance institution, have a share each of US$103 million in the total project finance debt.
It is expected to deliver 12% earnings growth next year. Sembcorp Industries should look forward to next year, as it is expected to deliver 12% earnings growth, led by strong earnings in India. According to UOB KayHian, this is likely to help offset the earnings decline from China as JV contribution from Yangcheng Coal PP expires.