Sembcorp Industries - DBS Research 2022-07-19: Going Strong

Positive profit alert – Sembcorp's 1H21 recurring profit to be materially higher y-o-y.

• Sembcorp Industries (SGX:U96) issued a positive profit alert for 1H22, guiding profit to be materially higher y-o-y. We clarified with the company - the reference point is recurring profit of S$252m (pre-exceptional loss of Chongqing plant of S$206m) in 1H21. It appears that Sembcorp Industries could deliver > S$300m profit in 1H22, much better than street expectations of S$250-300m.
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Sembcorp Industries - Earnings revisions.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-08-11 Sembcorp Industries - Short-term Setback, Long-term Engines Intact.

Previous report by DBS:
2025-02-28 Sembcorp Industries - Powering Growth & Yield, Target Price Raised To S$8..

Price targets by 2 other brokers at Sembcorp Target Prices.

Listing of research reports at Sembcorp Analyst Reports.

Relevant links:
Sembcorp Share Price History,
Sembcorp Announcements,
Sembcorp Dividend Payout Dates & Corporate Actions,
Sembcorp News