SINGAPORE (Dec 4): Malayan Banking has granted a third deadline extension to Hyflux in its search for a buyer for the loss-making Tuaspring water and power plant. The creditor deadline will be extended to Dec 28 from Nov 29, Hyflux announced in a regulatory filing on Tuesday. In the original deal r...

SOILBUILD Construction Group on Wednesday said it is buying Sembcorp EOSM - an associated firm of Sembcorp Industries that designs and makes building materials in Singapore, Malaysia and India - for some S$12.3 million.

SOILBUILD Construction Group on Wednesday said that it plans to buy Sembcorp EOSM – an associated firm of Sembcorp Industries that designs and makes building materials in Singapore, Malaysia and India – for some S$12.3 million.

SEMBCORP Industries on Wednesday said it has, through its unit, agreed to sell its 60 per cent stake in Sembcorp EOSM to SoilBuild Construction Group Ltd, for about S$7.4 million. 

Submitted By:  Arianna Danganan Case Study:  No The firm will also likely continue its capital recycling efforts and forays into other markets to sustain growth. Se...

SINGAPORE (Nov 5): CGS-CIMB Securities is maintaining Sembcorp Industries at “add” after 3Q earnings came within forecast despite recording losses in Sembcorp Marine. Sembcorp’s 3Q18 reported profit of $82 million was in line with CGS’s $78 million forecast. 9M18 reported profit also formed...

LOSSES in the marine business owing to weak volumes and loss from a semi-submersible sale drove down Sembcorp Industries' third-quarter net profit by nearly 12 per cent to S$82.3 million from a restated S$93.1 million a year ago.

SEMBCORP Industries has signed an agreement to install, own and operate solar panels atop two Singapore facilities owned by one of the world’s largest providers of products and services to the energy industry in a 25-year deal, it announced on the Singapore Exchange on Friday.<br/>&l...

Submitted By:  Arianna Danganan Case Study:  No It blamed its marine segment upon the sale of a semi-submersible and continued low business volume. Sembcorp Industr...

A CHALLENGING environment for its marine division put a drag on Sembcorp Industries' earnings for the third fiscal quarter, with the conglomerate posting an 11.6 per cent drop in net profit to S$82.33 million, down from the restated S$93.14 million recorded in the year-ago period.

SINGAPORE (Nov 2): Sembcorp Industries announced 11.6% lower 3Q18 earnings of $82.3 million compared to $93.1 million a year ago, due to higher expenses incurred mainly from provision for fines. Turnover for the quarter was $3 billion, up 36.3% from $2.2 billion in 3Q17 on contribution growth from ...

THE Energy Market Authority (EMA) has roped in two private sector partners, PSA and Sembcorp Industries, to help roll out on a commercial scale, the use of Energy Storage Systems (ESS).

SOLAR is the most viable source of renewable energy for Singapore, but to fully exploit its green potential calls for the use of one game-changing technology.

Submitted By:  Danielle Isaac Case Study:  No ESS can prevent intermittency of renewable power sources and enhance grid stability. Singapore’s Energy Market A...

SEMBCORP Industries (Sembcorp) and the Energy Market Authority (EMA) have renewed a S$10 million partnership to continue research and development (R&D) and develop new capabilities in Singapore's energy sector.

Solar is the most viable source of renewable energy for Singapore, but to fully exploit its green potential calls for the use of one game-changing technology.

Submitted By:  Luz Wendy Noble Case Study:  No Keppel and Sembcorp Industries passed the pre-approval by PUB, Bloomberg previously said. Hyflux revealed that that b...

SEMBCORP Industries on Wednesday announced that its 225-megawatt gas-fired Sembcorp Myingyan Independent Power Plant (IPP) in Mandalay, Myanmar, has successfully commenced full commercial operation following its first phase operation in May this year.

SINGAPORE (Oct 9): UOB KayHian is maintaining Sembcorp Industries at “buy” with $3.41 unchanged target given its India operations are on track to break even or turn a profit in 2018. Even if spot electricity prices retreat back to Rs3.5/kWh, UOB says Sembcorp Gayatri Power Limited (SGPL) remains...

SINGAPORE (Oct 8): CGS-CIMB Securities continues to rate Singapore conglomerates as “overweight” as limited organic growth has forced them to go beyond their existing turf. Notably, in the past six months, Sembcorp Industries acquired mini-power plants in the UK for about £286 million ($518.2 m...

SINGAPORE (Oct 5): Hyflux, in the process of restructuring its debts through the Singapore courts, says it remains in active talks with potential investors. But the water and power infrastructure engineering company says it has not committed to any particular option and remains open to considering v...

SINGAPORE (Oct 5): DBS is maintaining its average Brent crude oil forecasts of ~US$75/bbl for 2018 and US$75-80/bbl for 2019, with the intention to monitor developments in the coming weeks. The move comes despite growing optimism on the possibility of oil prices rising above US$100/bbl due to talks ...

Sembcorp Industries Ltd was reportedly the only party that submitted a final bid for the plant, offering below book value. The post Singapore water treatment firm Hyflux in talks to divest Tuaspring project appeared first on DealStreetAsia.

Submitted By:  Luz Wendy Noble Case Study:  No Sembcorp Marine's total returns hit 21.4%. This chart from the Singapore Exchange (SGX) shows that the 10 biggest...

Submitted By:  Sandra Sendingan Case Study:  No It could make an incremental provision of up to $74.6m. After Sembcorp industries (SCI) announced that its majority-...

ONE of Sembcorp Industries' overseas, majority-owned joint venture has been served with a further claim for an alleged environmental offence, and the group's proportionate share of the total potential fines and claims could amount up to S$100 million, Sembcorp said.

SINGAPORE (Sept 19): CGS-CIMB Research is keeping its “add” call on Sembcorp Industries with an unchanged target price of $3.49 on the back of higher power demand in India. Average electricity spot prices in India have surged to a 3-year high on higher demand as a result of retreating monsoon as...

SEMBCORP Industries on Tuesday announced a 20-year solar energy deal with Facebook to provide lo-cally sourced renewable power to support Facebook's recently announced 170,000 square metre Singapore data centre, as well as its other Singapore operations, for an undisclosed sum.

Submitted By:  Luz Wendy Noble Case Study:  No They will install close to 900 solar panels in Singapore rooftops from 2018 to 2020. Sembcorp Industries (Sembcorp) s...

SINGAPORE (Sept 18): Sembcorp Industries has signed a long-term solar energy deal with US social media giant Facebook. Under the deal, Sembcorp will help provide locally-sourced renewable power to support Facebook’s recently announced 170,000 sqm Singapore data centre, as well as its other Singapo...