- As demand for AI and computing grows, we see Sembcorp as a beneficiary of tight power markets and growth opportunities over the longer term.
Singapore’sdigital economy now accounts for a fifth of GDP and will continue to grow.
- - Read this at SGinvestors.io -
- According to data released by the Infocomm Media Development Authority (IMDA) in end October, Singapore’s digital economy contributed 17.7% to the country’s GDP last year, overtaking the finance and insurance sector.
Completes acquisition of 30% interest in Senoko Energy.
- As such, it was not surprising to see Sembcorp’s acquisition of 30% stake in Senoko Energy from Engie as it will offer it an opportunity to increase its participation in an area with a good return amid reasonably tight power markets.
- - Read this at SGinvestors.io -
Monitoring capital recycling efforts
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-11-21
Previous report by OCBC:
2024-06-03 Sembcorp Industries - Positive Structural Demand Drivers.
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
