U96.SI - Sembcorp Industries Ltd

SES - SES Delayed Price. Currency in SGD
3.11
+0.04 (+1.30%)
At close: 5:04PM SGT
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Previous close3.07
Open3.09
Bid3.11 x 0
Ask3.12 x 0
Day's range3.08 - 3.13
52-week range2.63 - 3.45
Volume1,758,400
Avg. volume3,047,850
Market cap5.559B
Beta0.56
PE ratio (TTM)16.63
EPS (TTM)0.19
Earnings date22 Feb 2018
Forward dividend & yield0.06 (2.43%)
Ex-dividend date2017-04-24
1y target est3.46
  • Sembcorp Industries raises stake in Vietnam JV
    Singapore Business Review2 days ago

    Sembcorp Industries raises stake in Vietnam JV

    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 ...

  • Is Sembcorp Industries' Indian IPO ready for takeoff?
    Singapore Business Review3 days ago

    Is Sembcorp Industries' Indian IPO ready for takeoff?

    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.

  • Shares Investment11 days ago

    Investors’ Corner (United Overseas Bank, Venture Corporation, Sembcorp Industries, Starhub)

    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 to develop two solar energy systems for ST Aerospace
    Singapore Business Review29 days ago

    Sembcorp to develop two solar energy systems for ST Aerospace

    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 price jolt could increase Sembcorp Industries' profit
    Singapore Business Review2 months ago

    Electricity price jolt could increase Sembcorp Industries' profit

    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 raises stake in Indian renewable business to 100%
    Singapore Business Review3 months ago

    Sembcorp raises stake in Indian renewable business to 100%

    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.

  • Will Sembcorp sell its marine business?
    Singapore Business Review3 months ago

    Will Sembcorp sell its marine business?

    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.

  • Why analysts are preferring Sembcorp over Keppel
    Singapore Business Review3 months ago

    Why analysts are preferring Sembcorp over Keppel

    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.

  • Daily Briefing: Sembcorp's nightmares in India; Polytechnics to add fintech courses in banking and IT
    Singapore Business Review4 months ago

    Daily Briefing: Sembcorp's nightmares in India; Polytechnics to add fintech courses in banking and IT

    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).

  • Sembcorp's net profit sinks 13.7% to $194.9m in H1
    Singapore Business Review4 months ago

    Sembcorp's net profit sinks 13.7% to $194.9m in H1

    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.

  • Shares Investment4 months ago

    Investors’ Corner (M1, CapitaLand Commercial Trust, Sembcorp Industries, SPH REIT)

    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.

  • Why Sembcorp is poised to deepen revenue cuts
    Singapore Business Review4 months ago

    Why Sembcorp is poised to deepen revenue cuts

    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 nabs two rooftop solar facilities
    Singapore Business Review4 months ago

    Sembcorp nabs two rooftop solar facilities

    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.

  • Why Sembcorp's Indian power business could face volatility this year
    Singapore Business Review6 months ago

    Why Sembcorp's Indian power business could face volatility this year

    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's net profit jumps 11.3% to $119.1m in Q1.
    Singapore Business Review7 months ago

    Sembcorp's net profit jumps 11.3% to $119.1m in Q1.

    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.

  • Sembcorp's profits to grow with new wind project in India
    Singapore Business Review7 months ago

    Sembcorp's profits to grow with new wind project in India

    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.

  • Daily Briefing: Sembcorp unveils big plans for India; Investors file complaint against A2A Capital Management
    Singapore Business Review8 months ago

    Daily Briefing: Sembcorp unveils big plans for India; Investors file complaint against A2A Capital Management

    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 eyes debt refinancing
    Singapore Business Review8 months ago

    Sembcorp Industries' power arm eyes debt refinancing

    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.

  • Sembcorp unveils its global asset management system
    Singapore Business Review8 months ago

    Sembcorp unveils its global asset management system

    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 ...

  • Sembcorp Industries' full-year net profit down 28% to $394.9m
    Singapore Business Review9 months ago

    Sembcorp Industries' full-year net profit down 28% to $394.9m

    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.

  • Sembcorp gets a shot in the arm from International Finance Corporation
    Singapore Business Review11 months ago

    Sembcorp gets a shot in the arm from International Finance Corporation

    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.

  • Here's what's in store for Sembcorp in 2017
    Singapore Business Review11 months ago

    Here's what's in store for Sembcorp in 2017

    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.

  • Sembcorp taps into Singapore's solar power market
    Singapore Business Reviewlast year

    Sembcorp taps into Singapore's solar power market

    It acquired 49% of Changi Mega Solar. Sembcorp will soon be walking on sunshine as it acquired stakes in Changi Mega Solar. Through wholly-owned subsidiary Sembcorp Utilities, Sembcorp has acquired 49% ...