Sembcorp Industries - OCBC Investment Research 2025-07-14: Raising The Stake In Senoko Energy To 50% From 30%

• Sembcorp's share price rose 35% year-to-date, after a more subdued price action in 2024 (+4%) and stellar performances of 69% and 59% in 2022 and 2023 respectively.
• - Read this at SGinvestors.io -
• We attribute the strong performance of Sembcorp's share price year-to-date to stable growth outlook, healthy dividend and payout growth, and strategic renewables expansion.

Completed the acquisition of additional interest in Senoko Energy.

• - Read this at SGinvestors.io -
• Sembcorp now holds an effective stake of 50% in Senoko Energy. The increased stake in Senoko Energy reinforces Sembcorp’s commitment to supporting Singapore’s energy security and ensuring the delivery of reliable energy solutions for customers and the nation.

Maintain BUY with higher fair value estimate.

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Previous report by OCBC:
2025-02-27 Sembcorp Industries - Opportunities In Energy Transition, AI & Industry.

Price targets by 2 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