|Bid||3.24 x 0|
|Ask||3.25 x 0|
|Day's range||3.18 - 3.27|
|52-week range||2.89 - 3.60|
|PE ratio (TTM)||31.15|
|Earnings date||15 Feb 2017 - 20 Feb 2017|
|Forward dividend & yield||0.04 (2.23%)|
|1y target est||3.63|
It will sell utilities assets that are expected to yield $500m, adding to the proceeds of the IPO. Sembcorp Industries is preparing for an initial public offering (IPO) of Sembcorp Energy India Limited (SEIL) on BSE Limited and the National Stock Exchange of India (NSE), with the filing of a draft red herring prospectus. Over the next two years, this is expected to deliver estimated cash proceeds of up to $500m.
It was hit by a $35m loss due to the poor performance of its marine rig business. Sembcorp Industries’ profit crashed 84.6% YoY to $22.8m in 4Q2017, bringing its full-year net profit to $230.8m, which dropped 41.6% YoY. OCBC Investment Research noted that SCI’s results were dragged by poorer performance in marine and one-off items in utilities.
Sembcorp Gayatri Power and SGI to be put under Sembcorp Energy India Limited. Sembcorp Industries will consolidate its thermal and renewable energy businesses in India under a single entity to further ...
No more speculation. No more rumours. No more testing of the waters. On Monday at 3:30pm we will find out how the Singapore government plans to reconcile its expenditure with revenues. Yes, it’s annual Budget time…. …. So how will revenues be raised to cover increased spending. Will it be income tax? GST? Capital gains […]
According to Feng Shui experts, the year of the Earth Dog is supposed to be good for so-called “fire” industries. These are said to include the internet, utilities and technology. Some say pharmaceuticals are supposed to be good, too. This time last year, the Fire Rooster took centre stage. That was supposed to augur well […]
It has yet to address its Indian IPO and Sembmarine collaboration. Sembcorp Industries (SCI) is pushing the release of its results to 23 February, and DBS Equity Research expects that it could also announce the outcome of its strategic review. According to a report, one of the topics SCI could address is the initial public offering of its Indian assets.
This makes its parent company, Sembcorp Industries, the best performing stock in January. Sembcorp Marine Ltd. has gained almost S$2 billion ($1.5 billion) in just three weeks -- making its parent Singapore’s best-performing stock in the past month -- as investors and analysts became more optimistic on the prospect of a potential surge in new orders amid rising oil prices. The company, which is majority-owned by Sembcorp Industries Ltd., has received at least three rating upgrades from research firms this year.
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 announced that its utilities segment has subscribed to an entire rights issuance by Sembcorp Green Infra to fund the company’s growth in the renewable sector in India. This was financed through internal funds. As a result of the partner’s non-participation in the rights issuance exercise, Sembcorp Utilities’ stake in Sembcorp Green Infra has increased to approximately 72%.
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.