Sembcorp Industries - UOB Kay Hian 2023-11-07: Bigger, Bolder, Faster, Stronger

Sembcorp Industries - Bigger, Bolder, Faster, Stronger

Sembcorp (SGX:U96) | SGinvestors.ioSembcorp (SGX:U96)
  • Sembcorp’s Investor Day 2023 provided much positive information and fuel for thought. With its upgrade of renewables capacity targets, guidance for relatively stable baseload earnings from conventional energy, and blue sky option via hydrogen, ammonia and renewable energy imports, Sembcorp looks well-placed to remain a key holding in investors’ portfolios in the long term.
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Sembcorp's Investor Day 2023 – Plenty of positive information to digest.

  • Sembcorp Industries (SGX:U96) held its Investor Day 2023 yesterday which involved its CEO and CFO as well as its various market CEOs speaking about the company’s strategic direction and expansion plans out to 2028, and how it will look to fund these plans, as well as emissions targets and updates on its current portfolio of quality assets focusing on its key Singapore, China and India geographies.
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Further growth in renewables capacity.

  • As expected, Sembcorp upgraded its target gross installed renewables capacity from its prior 10GW by 2023 (which it has easily achieved), and it is now targeting to grow this to 25GW by 2028. This implies a 22% CAGR over 2023-28 which is higher than its peers’ average CAGR of 17% over the same period.

More solar, and a more balanced geographic exposure.

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Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @

Adrian LOH UOB Kay Hian Research | 2023-11-07

Previous report by UOB:
2023-09-21 Sembcorp Industries - Catering To Singapore's Long-Term Energy Security.

Price targets by 3 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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