- Sembcorp delivered total returns of 7% in 2024, after the stellar performance of 62% and 73% in 2023 and 2022 respectively.
More subdued price action following stellar years in 2022-2023.
- - Read this at SGinvestors.io -
- In FY24, Sembcorp reported a 9% fall in revenue to S$6.4b, but net profit rose 7% to S$1.0b. Excluding exceptional items and discontinued operations, group net profit was S$1.02b, comparable to FY23.
FY24 results within expectations.
- - Read this at SGinvestors.io -
- Through Sembcorp’s contracting strategy (as of end 2024, 98% of the gas-fired power portfolio was underpinned by offtake contracts, with more than 60% of capacity locked in for over five years), this segment is now an anchor of the group’s earnings.
- The Integrated Urban Solutions segment posted a strong net profit before exceptional items of S$169m, following a turnaround in performance from the Urban business.
Raising dividend payout ratio to 40% in FY24 from 23% in FY23.
- 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/ 2025-02-27
Previous report by OCBC:
2024-11-21 Sembcorp Industries - Encouraging Demand Underpinnings.
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
