|Bid||5.06 x N/A|
|Ask||5.07 x N/A|
|Day's range||5.04 - 5.13|
|52-week range||3.17 - 6.10|
|Beta (5Y monthly)||0.68|
|PE ratio (TTM)||9.94|
|Earnings date||19 Feb 2024 - 23 Feb 2024|
|Forward dividend & yield||0.10 (1.95%)|
|Ex-dividend date||14 Aug 2023|
|1y target est||6.67|
Singapore's Sembcorp Industries said on Friday its unit will buy majority interests between 73% and 100% in various subsidiaries of Gelex Group . The deals, valued at S$218 million ($160.22 million), will help Sembcorp add 245 megawatt of operational renewable wind, solar and hydropower assets to its current portfolio in Vietnam, according to Sembcorp. Sembcorp said earlier this month it would invest about S$10.5 billion, about 75% of its total investments in 2024-2028, to support renewable energy growth as it aimed to halve its carbon emissions by 2028.
Singapore's Sembcorp Industries said on Monday it would invest about S$10.5 billion ($7.76 billion), about 75% of its total investments in 2024-2028, to support renewables growth as it aimed to halve its carbon emissions intensity by 2028. Sembcorp said it aimed to grow its gross installed renewables capacity to 25 gigawatt by 2028 to support energy transition and sustainable development. Since announcing its strategic plan in 2021, Sembcorp's gross renewables capacity has increased four-fold and now comprises 61% of its energy portfolio, it said.
Singapore's Sembcorp Industries said on Friday it expected fiscal 2023's underlying earnings to be higher than last year but warned of impact from slow global growth and inflation, after posting a 56% jump in its first-half profit. The company's strong performance in the first half of 2023 was driven by the conventional energy segment, which saw higher power prices in the Singapore electricity market and increased operational capacity in the renewables segment, it said. Net profit before exceptional items for the conventional energy segment — the company's biggest revenue generator — surged 47% to S$435 million ($324.41 million) in the six months ended June 30.