As Singapore looks to go green by facilitating the green transition of businesses with better oversight, accountability and improving data quality, CGS-CIMB Research analysts Lim Siew Khee, Lock Mun Yee and Melvin Lim are focusing on companies with “good fundamentals” before going deeper into th...

THE mega merger of Singapore’s offshore and marine (O&M) giants Sembcorp Marine (Sembmarine) and Keppel O&M has drawn plenty of attention this year, but investors have not forgotten Sembcorp Industries.

CGS-CIMB analyst Lim Siew Khee and Izabella Tan have maintained their “buy” call and sharply increased their target price on Sembcorp Industries from $2.96 to $3.66.In a June 20 note, the analysts say that with six months of strong visibility of merchant market power prices in India and Singapor...

CGS-CIMB raised its target price on Sembcorp Industries to S$3.66 from S$2.96 as it expects the energy and urban development company will see a strong profit outlook in the next few years.

Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Utilities, has been appointed by the Energy Market Authority (EMA) to build, own and operate 200MW/200MWh of energy storage systems on Jurong Island. As at 12.25pm, shares in Sembcorp are trading flat at $2.80.

Maintaining the barbell approach recommended by analysts is proving heavy this year.Singapore investors not only have to contend with new waves of Covid-19 in July, as warned by health minister Ong Ye Kung, but also consider a host of worries abroad.RHB Group Research analyst Shekhar Jaiswal lists t...

CGS-CIMB Research analysts Lock Mun Yee, Lim Siew Khee, as well as the Singapore research team are advocating investors stay defensive in the near-term.“We expect the market to remain volatile with increased external risks,” the analysts write in their strategy note dated May 26.With this, the a...

Secura Group announced that its wholly-owned company Soverus has entered into a 24-month contract with Sembcorp Industries to provide unarmed security services. The contract of approximately $3 million is effective from Aug 1 to July 31, 2024.Including this contract, the group’s order book value s...

SPANNING close to 10 hectares of temporary vacant land with over 33,500 solar panels installed, a new solar farm at Tuas industrial estate can power about 4,700 4-room Housing Board (HDB) flats a year. Developed by Sembcorp Solar Singapore, a subsidiary of energy and urban development compan...

MAINBOARD-LISTED Sembcorp Industries on Wednesday (May 4) disclosed that it has bagged a S$1.2 billion sustainability-linked loan through a wholly-owned unit.