- The Business Times cited Sembcorp’s management as saying it may miss one of its FY25 targets of achieving 70% of group net profit from the Sustainable Solutions portfolio, and that it will stop using this metric as one of its targets for FY28.
Wind of Change
- - Read this at SGinvestors.io -
Pacing energy transition
- The news article further mentions that, if management misses the sustainable solutions profit mix target, it will not receive the compensation tied to this particular sustainability goal. It was one of the four targets set by Sembcorp in FY21 (others were – quadruple gross installed renewable capacity to 10GW, triple urban business’s land sales to 500 hectares, and reduce GHG emissions intensity to 0.40 tCO2e/MWh from the FY20 baseline year).
- - Read this at SGinvestors.io -
Change in business emphasis not a surprise to us
- 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.maybanktrade.com.sg/ 2025-02-04
Previous report by Maybank:
2024-12-10 Sembcorp Industries - Asean Power Integration ~ Switching On Malaysian Renewable Power.
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 Dividend Payout Dates & Corporate Actions,
Sembcorp News
