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Felayt wrote a post · Aug 11, 2022 10:26

Bullish on Sembcorp?

Analysts at Maybank, OCBC, and DBS confirmed their "buy" recommendations for Sembcorp Industries $Sembcorp Ind (U96.SG)$, with Maybank raising its target price to S$4.50 in response to "all-around solid performances from conventional, renewable energy and stable integrated urban solutions" in H1.

Sembcorp’s gross renewables capacity — both installed and under development — totaled 7.1 gigawatts, well ahead of its 10 gigawatts 2025 target.
An analyst from Maybank was also upbeat on the company’s conventional energy arm, noting that it had swung to a net profit of S$397 million before exceptional items in the first half of the year — representing a 98% gain quarter on quarter.
Bullish on Sembcorp?
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Felayt
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