- Sentiment on ESG-related stocks and funds in the US has been negative and has weighed on Sembcorp's share price year-to-date. This has brought the company’s earnings multiples down to extremely attractive levels, with Sembcorp's share price now trading at the low end or at a discount to its regional and global peers.
- - Read this at SGinvestors.io -
Serving the AI servers.
- While other utilities companies may have hogged the limelight recently by announcing the construction of next-generation data centres that will be AI-ready, green and connected, we highlight that Sembcorp Industries (SGX:U96) will be one of the main providers of green energy to these assets via its installed solar capacity of 352MW (as at Feb 24) and a further 218MW under construction.
- - Read this at SGinvestors.io -
- With ~77% of its Singapore capacity signed up to long-term power purchase agreements (PPAs), we highlight that Sembcorp Industries has the ability to sign more of such PPAs with data centres, thus providing the company with stable and predictable revenue streams.
Recent share price decline provides an opportunity.
- 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/ 2024-07-12
Read also UOB's most recent report:
2024-08-07 Sembcorp Industries - A Resilient Performance In 1H24 That Beat Expectations.
Price targets by 2 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
