- 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
