Sembcorp - UOB Kay Hian 2024-02-21: Strong 2023 Results With More Capacity Growth In Renewables To Come

• Sembcorp reported strong 2023 results with net profit before exceptional items up 45% y-o-y to over S$1b — a historical high for the company. Equally impressive was its free cash flow of nearly S$2b which implies a P/FCF of 5.2x.
• - Read this at SGinvestors.io -

Better-than-expected results and a historical high in 2023.

• Sembcorp Industries (SGX:U96) reported a strong 45% y-o-y increase in net profit (before exceptional items) to S$1.02b, the highest in its history as a listed company.
• - Read this at SGinvestors.io -

Conventional energy remains a strong contributor.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-06-06 Sembcorp - Powering Ahead With Singapore Grids, Floating Solar & Hydrogen Dreams.

Previous report by UOB:
2025-02-28 Sembcorp Industries - Strong 2024 Results With Medium-term Growth Intact.

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 Dividend Payout Dates & Corporate Actions,
Sembcorp News