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 the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Pei Hwa HO DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-07-19
Read also DBS's most recent report:
2024-02-21 Sembcorp Industries - A Steady 2H23; Igniting The Renewable Spark.
Previous report by DBS:
2023-11-07 Sembcorp Industries - Powering Up The Energy Transition.
Price targets by 4 other brokers at Sembcorp Target Prices.
Listing of research reports at Sembcorp Analyst Reports.
Relevant links:
Sembcorp Share Price History,
Sembcorp Announcements,
Sembcorp Dividends & Corporate Actions,
Sembcorp News Articles
