Sembcorp Industries - OCBC Investment 2023-06-06: Continues Asset Recycling Efforts; Potential Divestment Of SembWaste

• Sembcorp announced on 5 June 2023 that as part of its ongoing strategic initiatives to maximise shareholder value, it has commenced a process to explore the potential divestment of its waste management business and its energy from waste plant.
• - Read this at SGinvestors.io -
• Recall that SEMAC, formerly owned by the Ministry of Environment, was the solid waste management company for the whole of Singapore.
  • - Read this at SGinvestors.io -
  • In 2000, Sembcorp acquired SEMAC for S$120m and renamed it SembWaste.
  • In 2020, SembWaste acquired Veolia’s Singapore operations for S$28m.
• In Singapore, the other two public waste collectors are 800 Super and ALBA W&H Smart City.

Capital recycling likely the focus ahead

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-02-27 Sembcorp Industries - Opportunities In Energy Transition, AI & Industry.

Previous report by OCBC:
2024-11-21 Sembcorp Industries - Encouraging Demand Underpinnings.

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 Dividend Payout Dates & Corporate Actions,
Sembcorp News