- The resiliency of Sembcorp Industries (SGX:U96)’s business model came through in 1H24, with the company reporting a net profit of S$540m (+2% y-o-y) that beat our and market expectations. This was despite the maintenance shutdown of its Singapore cogeneration plant and weakness in its renewables business in China.
Better-than-expected 1H24 results despite maintenance shutdown.
- - Read this at SGinvestors.io -
- Sembcorp disclosed that operating efficiencies led to a shorter-than-expected shutdown that led to around S$10m in cost savings against the budget.
- - Read this at SGinvestors.io -
Resilience in Singapore conventional energy portfolio.
- 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/ 2024-08-07
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
