- 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.
Capital recycling likely the focus ahead
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2023-06-06
Read also OCBC's most recent report:
2023-08-08 Sembcorp Industries - Transforming From Brown To Green.
Price targets by 5 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
