Sembcorp Industries - Maybank Research 2024-09-18: Accretive 30% Stake In Senoko Energy; Deepening Footprint

Sembcorp Industries - Accretive 30% Stake In Senoko Energy; Deepening Footprint

Published:
Sembcorp (SGX:U96) | SGinvestors.ioSembcorp (SGX:U96)
  • Sembcorp (SGX:U96) agreed to acquire ENGIE’s 30% interest in Senoko Energy. Senoko has a fifth of its power generation capacity in Singapore and is a licensed gas shipper and retailer. Pricing details are not available and subject to regulatory approvals and pre-emption right of other shareholders of Senoko.
  • - Read this at SGinvestors.io -

Poised to deliver more power

  • Senoko Energy has a 2.8GW combined cycle gas turbine (CCGT) plant at Woodlands in north Singapore, accounting for 21.7% of Singapore’s installed power generation capacity and 15.4% of generated electricity as of 1H23. Comparatively, Sembcorp has ~10% generated electricity market share.
  • - Read this at SGinvestors.io -

Strategic and financial merits of the deal

  • Read more at SGinvestors.io.




Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.




Krishna Guha Maybank Research | https://www.maybank-ke.com.sg/ 2024-09-18



Previous report by Maybank:
2024-08-12 Sembcorp Industries - Optimised Performance; Navigating Lower Power Prices & China Weakness.

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





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