THE senior management of Sembcorp Marine and Sembcorp Industries took voluntary pay cuts of between 10 and 15 per cent in 2017, annual reports showed on Thursday.

SEMBCORP Industries' chief executive Neil McGregor and top executives are voluntarily taking a pay cut of 15 per cent and 10 per cent respectively, the company revealed on Thursday in its latest annual report.

Submitted By:  Danielle Isaac Case Study:  No Analysts doubt it will dent earnings, as Sembcorp Power only contributed $3.4m-$4.4m to net profit. Amidst threat...

With further liberalisation of Singapore's retail electricity market, there have been questions on the impact on utilities players such as Sembcorp Industries.

SINGAPORE (Mar 22): OCBC Research is maintaining its “buy” call on Sembcorp Industries (SCI) with a fair value of $3.59 despite further liberalisation of Singapore’s retail electricity market which brings higher competition along with it. In a Thursday report, lead analyst Low Pei Han says tha...

SINGAPORE (Mar 20): DBS on Tuesday launched the DBS Electricity Marketplace, an online service which allows all households in Jurong, namely those with postal codes 60 to 64, to seamlessly switch to other electricity retailers beginning with two options, iSwitch, a subsidiary of RCMA Group, and Kepp...

SEMBCORP Industries surprised many two weeks ago when it unveiled the results of its months-long strategic review with hardly any change in direction in its marine unit.

Submitted By:  Danielle Isaac Case Study:  No Its investments in Keppel paid off the largest at 12.8%. This chart from the Singapore Exchange (SGX) shows that Temas...

SEMBCORP Industries surprised many two weeks ago when it unveiled the results of its months-long strategic review with hardly any change in direction in its marine unit.

SEMBCORP industries' Omani subsidiary has agreed to sell its entire stake in Omani utilities developer Centralised Utilities Company for 984,740 Omani rial (S$3.38 million).

A SUBSIDIARY of Sembcorp Industries has agreed to sell its stake in Omani utilities developer Centralised Utilities Company to Oman Oil's Facilities Development Company for 984,740 Omani rial (S$3.38 million).

SINGAPORE (Mar 5): Sembcorp Industries announced that its wholly-owned subsidiaries, Sembcorp Utilities (Oman), will be exiting its joint venture (JV) with its partner Takamul Investment, a subsidiary of Oman Oil Company.  To recap, Sembcorp in 2013 announced that Sembcorp Utilities (Oman), then ...

SINGAPORE (Mar 5): DBS's windfall dividend was the most "exciting" event over the two months of earnings reporting, says CIMB, given 4Q17 was not an impressive quarter for Singapore stocks. However, CIMB is still "overweight" on banks gong forward as they seem most defensive, trading at mean of CY18...

Submitted By:  Danielle Isaac Case Study:  No It wants to achieve double-digit ROE in five years and renewables business growth amongst others. Sembcorp Industries ...

We continue to like Sembcorp Industries (SCI) as it offers a unique value proposition as a proxy to ride the cyclical offshore and marine upturn, and is supported by a defensive utilities business.

SEMBCORP Industries saw its fourth quarter net profit plunge 84.6 per cent to S$22.78 million on a lower contribution from its utilities business and a net loss from its marine division.

SEMBCORP Industries is aiming for double-digit return on equity in the next five years with its new growth strategy, group president and CEO Neil McGregor said on Friday.

SINGAPORE: Sembcorp Industries said on Friday (Feb 23) it expects to raise about S$500 million from the sale of some utilities assets and plans to list its Indian energy business, as it reported a plunge in quarterly profit. The industrial conglomerate, which has been conducting a strategic review...

Submitted By:  Danielle Isaac Case Study:  No It will sell utilities assets that are expected to yield $500m, adding to the proceeds of the IPO. Sembcorp Industries...

Submitted By:  Danielle Isaac Case Study:  No It was hit by a $35m loss due to the poor performance of its marine rig business. Sembcorp Industries’ profit cr...

THE following companies saw new developments that may affect trading of their shares on Friday:

SINGAPORE (Feb 23): Here are some stocks that could move the market this Friday morning: Sembcorp Industries says it has started the process for an initial public offering of Sembcorp Energy India on BSE and the National Stock Exchange of India, with the filing of a draft prospectus. In its 4Q17 res...

Sembcorp said it expected utilities asset divestments to provide estimated cash proceeds of up to S$500 million ($379.19 million). The post Sembcorp Industries to list India biz, sell utilities assets appeared first on DealStreetAsia.

SEMBCORP Industries on Friday revealed plans to list its India energy business and to reposition its utilities arm as it posted an 85 per cent drop in net profit.

SINGAPORE (Feb 23): Sembcorp Industries says it has started the process for an initial public offering of Sembcorp Energy India on BSE and the National Stock Exchange of India, with the filing of a draft prospectus. The announcement was made by Sembcorp after the completion of its strategic review w...

SINGAPORE (Feb 12): Oil majors such as Royal Dutch Shell and BP, which are present in the entire oil and gas value chain — from exploration, production and refining to motorway stations — have had a tremendous 2017. Their outlook for energy and their committed capital expenditure are important b...

SINGAPORE (Feb 22): Shares of Singapore's SembMarine fell as much as 9.5% on Thursday, a day after the company swung to a loss in its fourth quarter on the back of lower business volumes, and posted a smaller-than-expected annual profit. As at 3.26pm, shares of the company were trading down 25 cents...

Singapore (Feb 21): CIMB is maintaining its “add” call on Sembcorp Industries (SCI) with an unchanged target price of $3.87 after the conglomerate on Monday said it was reorganising its India energy operations for a more streamlined shareholding structure and greater synergy. SCI is due to condu...

SEMBCORP Industries has set out to consolidate its thermal and renewable energy unit in India under a single entity, a move seen as laying the groundwork for the listed group to spin off its businesses there.

SINGAPORE (Feb 19): Here are some stocks that could move the market this Monday morning: Frasers Property is acquiring a property portfolio of 22 assets that are mainly owned and managed by Alpha Industrial Holding in Luxembourg, as well as the project and asset management business of Alpha Industri...