- Sembcorp Industries (SGX:U96) is due to announce its FY22 results on 21 Feb (before market open). Stripping out S$92m gains from gas hedges (S$68m) and other income (S$24m) in 1H22 that is not recurring, Sembcorp's core profit in 2H22 is expected to decline by S$60-80m to S$320-340m in anticipation of a moderation of the spark spread and dark spread in Singapore and India. Although, the tariff seems rather sturdy in 2H, which suggests a potential upside surprise.
Singapore spot electricity prices continue to stay high.
- - Read this at SGinvestors.io -
India tariff has also improved in 2022.
- - Read this at SGinvestors.io -
Potential special dividend from Sembcorp
- 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/ 2023-02-10
Read also DBS's most recent report:
2024-08-07 Sembcorp Industries - Unwarranted Discount To Peers; 1H24 Demonstrated Earnings Resiliency.
Previous report by DBS:
2024-02-21 Sembcorp Industries - A Steady 2H23; Igniting The Renewable Spark.
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 Dividends & Corporate Actions,
Sembcorp News Articles
