- 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 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 @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-02-21
Read also UOB's most recent report:
2024-08-07 Sembcorp Industries - A Resilient Performance In 1H24 That Beat Expectations.
Previous report by UOB:
2024-07-12 Sembcorp Industries - Looking Through The Noise ~ Still An Attractive Renewables Play.
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
