|Bid||2.74 x 0|
|Ask||2.75 x 0|
|Day's range||2.73 - 2.79|
|52-week range||2.70 - 3.60|
|PE ratio (TTM)||26.35|
|Earnings date||3 Aug 2018|
|Forward dividend & yield||0.04 (1.27%)|
|1y target est||3.59|
Sasseur REIT (Sasseur) offers a unique and compelling investment proposition with its portfolio of 4 outlet mall properties in China’s Tier-2 cities of Chongqing, Hefei and Kunming. Outlet malls are at the forefront of China’s fast-growing retail format and are potent draws for the burgeoning middle class with a combination of premium product offerings, discounted prices and malls that incorporate lifestyle elements. Hence, we foresee Sasseur’s market to grow at 24% CAGR from 2017 – 2021E. There is downside protection to Sasseur’s distributions as operational risks are transferred to its sponsor through embedded entrusted management agreements structures, which provide for minimum fixed rents with upside potential via a variable component linked to the sales performance of its retail tenants. In addition, acquisition outlook is supported by $700m - $850m of debt headroom as well as 2 right-of-first-refusal assets and 3 third-party pipeline properties which could potentially triple its existing net lettable area. Initiate BUY. Maybank Kim Eng (7 Jun)
M1 Ltd (SGX:B2F), Sembcorp Industries Limited (SGX:U96), and CapitaLand Limited (SGX:C31) are 3 stocks that are near their 52-week lows now.
For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. InvestorsRead More...
Sembcorp paid £216 million ($286.3 million) for the company and the transaction is expected to close next week, according to a statement. A person familiar with the matter said the deal valued Sembcorp at £340 million, including debt. UK Power was founded in 2010 and is based in Solihull, England.
Integrated energy group Sembcorp Industries has agreed to buy UK Power Reserve, Britain's largest flexible power generator, for an equity value of 216 million pounds. The Singapore-listed company said on Thursday it was buying UK Power Reserve, which was founded in 2010 to meet growing demand for flexible reserve power capacity, from investment firm Equistone Partners Europe and Inflexion Private Equity. Following the acquisition of shares, Sembcorp will consolidate all the assets and liabilities of UK Power Reserve, including its net debt.
Keppel Corporation Limited (SGX: BN4) is one of the companies in the Singapore stock market that is giving out dividends on Wednesday.
Analysts doubt it will dent earnings, as Sembcorp Power only contributed $3.4m-$4.4m to net profit. Amidst threats of default and irrational competition as Singapore’s energy market liberalises, OCBC Investment Research said that Sembcorp Industries, one of the big players, is unlikely to be unaffected. Analyst Low Pei Han noted that SCI retails electricity to contestable customers.
It wants to achieve double-digit ROE in five years and renewables business growth amongst others. Sembcorp Industries (SCI) has indicated interest in buying clean energy producer Orange Renewable from Singapore-based AT Capital Group, OCBC Investment Research said, citing media reports. OCBC analyst Low Pei Han noted that Orange Renewable currently has 567.2 MW of operating wind capacity with over 2250 MW under development in various states across India.
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 ...
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.