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

Sembcorp Industries - Continues Asset Recycling Efforts; Potential Divestment Of SembWaste

Published:
Sembcorp (SGX:U96) | SGinvestors.ioSembcorp (SGX:U96)
  • 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 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:
2023-12-06 Sembcorp Industries - In The Midst Of Transformation.

Previous report by OCBC:
2023-08-08 Sembcorp Industries - Transforming From Brown To Green.

Price targets by 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





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