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Latest Forum Topics / Sembcorp Ind    Last:6.21    -0.08  Post Reply
Sembcorp Drill Baby Drill
behonest
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26-Mar-2025 14:23     
 
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 Alert Admin 		price is low because they do have alot of debts. the price can come these high is due to industry growth

Wisedom      ( Date: 26-Mar-2025 11:04) Posted:

Temasek with major shareholding may take SCI private because of too low PE of 11 and SCI's strong growth prospects for 2005-2028 and even beyond. After privatisation, Temasek can start to have a plan for IPO listing of several SCI's assets for Temasek's benefits. Temasek (which control by voting) has mandated 20% of total issued shares for share buyback since AGM.

dontbetray      ( Date: 26-Mar-2025 10:02) Posted:


Then it make sense to privatise since it can maximise shareholder values 

The external fund manager backed by Berkshire Hathaway' s Charlie Munger, Li Lu, makes no bones about it when he says ' The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. As with many other companies  Sembcorp Industries Ltd(SGX:U96) makes use of debt. But is this debt a concern to shareholders? 

We' ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

What Risk Does Debt Bring? 



Generally speaking, debt only becomes a real problem when a company can' t easily pay it off, either by raising capital or with its own cash flow. Ultimately, if the company can' t fulfill its legal obligations to repay debt, shareholders could walk away with nothing. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. The first step when considering a company' s debt levels is to consider its cash and debt together. 

How Much Debt Does Sembcorp Industries Carry? 



The image below, which you can click on for greater detail, shows that at December 2024 Sembcorp Industries had debt of S$8.67b, up from S$7.25b in one year. However, it does have S$985.0m in cash offsetting this, leading to net debt of about S$7.69b.  big
SGX:U96 Debt to Equity History March 21st 2025

How Strong Is Sembcorp Industries' Balance Sheet? 



The latest balance sheet data shows that Sembcorp Industries had liabilities of S$2.91b due within a year, and liabilities of S$9.61b falling due after that. Offsetting these obligations, it had cash of S$985.0m as well as receivables valued at S$1.85b due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by S$9.69b. 

This deficit is considerable relative to its market capitalization of S$11.2b, so it does suggest shareholders should keep an eye on Sembcorp Industries' use of debt. This suggests shareholders would be heavily diluted if the company needed to shore up its balance sheet in a hurry. 

We measure a company' s debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). Thus we consider debt relative to earnings both with and without depreciation and amortization expenses. 

Sembcorp Industries' s debt is 4.9 times its EBITDA, and its EBIT cover its interest expense 3.3 times over. Taken together this implies that, while we wouldn' t want to see debt levels rise, we think it can handle its current leverage. Even more troubling is the fact that Sembcorp Industries actually let its EBIT decrease by 5.2% over the last year. If that earnings trend continues the company will face an uphill battle to pay off its debt. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately the future profitability of the business will decide if Sembcorp Industries can strengthen its balance sheet over time. So if you' re focused on the future you can check out this  free  report showing analyst profit forecasts. 

Finally, a business needs free cash flow to pay off debt accounting profits just don' t cut it. So we clearly need to look at whether that EBIT is leading to corresponding free cash flow. In the last three years, Sembcorp Industries' s free cash flow amounted to 47% of its EBIT, less than we' d expect. That' s not great, when it comes to paying down debt. 

Our View



Mulling over Sembcorp Industries' s attempt at managing its debt, based on its EBITDA,, we' re certainly not enthusiastic. But at least its conversion of EBIT to free cash flow is not so bad. We should also note that Integrated Utilities industry companies like Sembcorp Industries commonly do use debt without problems. Looking at the balance sheet and taking into account all these factors, we do believe that debt is making Sembcorp Industries stock a bit risky. That' s not necessarily a bad thing, but we' d generally feel more comfortable with less leverage. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. These risks can be hard to spot. Every company has them, and we' ve spotted    2 warning signs for Sembcorp Industries  (of which 1 shouldn' t be ignored!) you should know about


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Wisedom
Senior
26-Mar-2025 11:04     
 
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 Alert Admin 		Temasek with major shareholding may take SCI private because of too low PE of 11 and SCI's strong growth prospects for 2005-2028 and even beyond. After privatisation, Temasek can start to have a plan for IPO listing of several SCI's assets for Temasek's benefits. Temasek (which control by voting) has mandated 20% of total issued shares for share buyback since AGM.

dontbetray      ( Date: 26-Mar-2025 10:02) Posted:


Then it make sense to privatise since it can maximise shareholder values 

The external fund manager backed by Berkshire Hathaway' s Charlie Munger, Li Lu, makes no bones about it when he says ' The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. As with many other companies  Sembcorp Industries Ltd(SGX:U96) makes use of debt. But is this debt a concern to shareholders? 

We' ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

What Risk Does Debt Bring? 



Generally speaking, debt only becomes a real problem when a company can' t easily pay it off, either by raising capital or with its own cash flow. Ultimately, if the company can' t fulfill its legal obligations to repay debt, shareholders could walk away with nothing. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. The first step when considering a company' s debt levels is to consider its cash and debt together. 

How Much Debt Does Sembcorp Industries Carry? 



The image below, which you can click on for greater detail, shows that at December 2024 Sembcorp Industries had debt of S$8.67b, up from S$7.25b in one year. However, it does have S$985.0m in cash offsetting this, leading to net debt of about S$7.69b.  big
SGX:U96 Debt to Equity History March 21st 2025

How Strong Is Sembcorp Industries' Balance Sheet? 



The latest balance sheet data shows that Sembcorp Industries had liabilities of S$2.91b due within a year, and liabilities of S$9.61b falling due after that. Offsetting these obligations, it had cash of S$985.0m as well as receivables valued at S$1.85b due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by S$9.69b. 

This deficit is considerable relative to its market capitalization of S$11.2b, so it does suggest shareholders should keep an eye on Sembcorp Industries' use of debt. This suggests shareholders would be heavily diluted if the company needed to shore up its balance sheet in a hurry. 

We measure a company' s debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). Thus we consider debt relative to earnings both with and without depreciation and amortization expenses. 

Sembcorp Industries' s debt is 4.9 times its EBITDA, and its EBIT cover its interest expense 3.3 times over. Taken together this implies that, while we wouldn' t want to see debt levels rise, we think it can handle its current leverage. Even more troubling is the fact that Sembcorp Industries actually let its EBIT decrease by 5.2% over the last year. If that earnings trend continues the company will face an uphill battle to pay off its debt. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately the future profitability of the business will decide if Sembcorp Industries can strengthen its balance sheet over time. So if you' re focused on the future you can check out this  free  report showing analyst profit forecasts. 

Finally, a business needs free cash flow to pay off debt accounting profits just don' t cut it. So we clearly need to look at whether that EBIT is leading to corresponding free cash flow. In the last three years, Sembcorp Industries' s free cash flow amounted to 47% of its EBIT, less than we' d expect. That' s not great, when it comes to paying down debt. 

Our View



Mulling over Sembcorp Industries' s attempt at managing its debt, based on its EBITDA,, we' re certainly not enthusiastic. But at least its conversion of EBIT to free cash flow is not so bad. We should also note that Integrated Utilities industry companies like Sembcorp Industries commonly do use debt without problems. Looking at the balance sheet and taking into account all these factors, we do believe that debt is making Sembcorp Industries stock a bit risky. That' s not necessarily a bad thing, but we' d generally feel more comfortable with less leverage. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. These risks can be hard to spot. Every company has them, and we' ve spotted    2 warning signs for Sembcorp Industries  (of which 1 shouldn' t be ignored!) you should know about

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dontbetray
Master
26-Mar-2025 10:02     
 
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 Alert Admin
Then it make sense to privatise since it can maximise shareholder values 

The external fund manager backed by Berkshire Hathaway' s Charlie Munger, Li Lu, makes no bones about it when he says ' The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. As with many other companies  Sembcorp Industries Ltd(SGX:U96) makes use of debt. But is this debt a concern to shareholders? 

We' ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

What Risk Does Debt Bring? 



Generally speaking, debt only becomes a real problem when a company can' t easily pay it off, either by raising capital or with its own cash flow. Ultimately, if the company can' t fulfill its legal obligations to repay debt, shareholders could walk away with nothing. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. The first step when considering a company' s debt levels is to consider its cash and debt together. 

How Much Debt Does Sembcorp Industries Carry? 



The image below, which you can click on for greater detail, shows that at December 2024 Sembcorp Industries had debt of S$8.67b, up from S$7.25b in one year. However, it does have S$985.0m in cash offsetting this, leading to net debt of about S$7.69b.  big
SGX:U96 Debt to Equity History March 21st 2025

How Strong Is Sembcorp Industries' Balance Sheet? 



The latest balance sheet data shows that Sembcorp Industries had liabilities of S$2.91b due within a year, and liabilities of S$9.61b falling due after that. Offsetting these obligations, it had cash of S$985.0m as well as receivables valued at S$1.85b due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by S$9.69b. 

This deficit is considerable relative to its market capitalization of S$11.2b, so it does suggest shareholders should keep an eye on Sembcorp Industries' use of debt. This suggests shareholders would be heavily diluted if the company needed to shore up its balance sheet in a hurry. 

We measure a company' s debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). Thus we consider debt relative to earnings both with and without depreciation and amortization expenses. 

Sembcorp Industries' s debt is 4.9 times its EBITDA, and its EBIT cover its interest expense 3.3 times over. Taken together this implies that, while we wouldn' t want to see debt levels rise, we think it can handle its current leverage. Even more troubling is the fact that Sembcorp Industries actually let its EBIT decrease by 5.2% over the last year. If that earnings trend continues the company will face an uphill battle to pay off its debt. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately the future profitability of the business will decide if Sembcorp Industries can strengthen its balance sheet over time. So if you' re focused on the future you can check out this  free  report showing analyst profit forecasts. 

Finally, a business needs free cash flow to pay off debt accounting profits just don' t cut it. So we clearly need to look at whether that EBIT is leading to corresponding free cash flow. In the last three years, Sembcorp Industries' s free cash flow amounted to 47% of its EBIT, less than we' d expect. That' s not great, when it comes to paying down debt. 

Our View



Mulling over Sembcorp Industries' s attempt at managing its debt, based on its EBITDA,, we' re certainly not enthusiastic. But at least its conversion of EBIT to free cash flow is not so bad. We should also note that Integrated Utilities industry companies like Sembcorp Industries commonly do use debt without problems. Looking at the balance sheet and taking into account all these factors, we do believe that debt is making Sembcorp Industries stock a bit risky. That' s not necessarily a bad thing, but we' d generally feel more comfortable with less leverage. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. These risks can be hard to spot. Every company has them, and we' ve spotted    2 warning signs for Sembcorp Industries  (of which 1 shouldn' t be ignored!) you should know about
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Wisedom
Senior
25-Mar-2025 09:34     
 
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 Alert Admin 		This is true. SCI is state-owned stock with Temasek's 50.3% major shareholding. Under Temasek's control, SCI can continue spree share buyback until time to go private.

behonest      ( Date: 25-Mar-2025 00:34) Posted:

Buy back to lessen the shares. So that if they want vote for privatisation, it will be easier 

Wisedom      ( Date: 24-Mar-2025 22:59) Posted:

Two times 700,000 shares bought back! Guess SCI will buy back more shares for remaining 3 days from tomorrow as they did previously on few occasions of 5-days buyback.
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behonest
Senior
25-Mar-2025 00:34     
 
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 Alert Admin 		Buy back to lessen the shares. So that if they want vote for privatisation, it will be easier 

Wisedom      ( Date: 24-Mar-2025 22:59) Posted:

Two times 700,000 shares bought back! Guess SCI will buy back more shares for remaining 3 days from tomorrow as they did previously on few occasions of 5-days buyback.
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Wisedom
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24-Mar-2025 22:59     
 
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 Alert Admin 		Two times 700,000 shares bought back! Guess SCI will buy back more shares for remaining 3 days from tomorrow as they did previously on few occasions of 5-days buyback.
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PiRPiR
Master
24-Mar-2025 16:51     
 
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 Alert Admin 		02:14 AM EDT, 03/24/2025 (MT Newswires) -- Sembcorp Industries (SGX:U96) bought back 700,000 shares in the open market on Friday for SG$4.4 million or SG$6.31995 apiece, according to a same-day filing with the Singapore Exchange.

The company has been authorized to buy back around 35.7 million shares under its current mandate. To date, it has bought back 8.7 million shares.
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dontbetray
Master
21-Mar-2025 22:02     
 
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 Alert Admin
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dontbetray
Master
21-Mar-2025 21:05     
 
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 Alert Admin 		Who you sell your counter to ? Do share here
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dontbetray
Master
21-Mar-2025 21:03     
 
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easywin
Supreme
21-Mar-2025 20:36     
 
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 Alert Admin 		At closing 2441,000 shares done at 6.36 which is day high, some good news coming?
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leroy55
Veteran
21-Mar-2025 14:53     
 
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 Alert Admin 		the best has yet to come!!!

leroy55      ( Date: 20-Mar-2025 17:26) Posted:

as usual, the best has yet to come
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Wisedom
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21-Mar-2025 10:45     
 
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 Alert Admin 		Regarding Keppel and Sembcorp Industries shortlisted by MPA and EMA, the outcome will be known by 31 March 2025. SCI will supply zero or low carbon ammonia solution for islandwide power solution and bunkering on Jurong Island.
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leroy55
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20-Mar-2025 17:26     
 
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 Alert Admin 		as usual, the best has yet to come
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leroy55
Veteran
20-Mar-2025 14:27     
 
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 Alert Admin 		no , even better than them.
PRIVATISATION

easywin      ( Date: 20-Mar-2025 12:45) Posted:

Possible another same path like St Engineering with the way inching up so fast?

leroy55      ( Date: 20-Mar-2025 12:39) Posted:

I told you the best has yet come 


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easywin
Supreme
20-Mar-2025 12:45     
 
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 Alert Admin 		Possible another same path like St Engineering with the way inching up so fast?

leroy55      ( Date: 20-Mar-2025 12:39) Posted:

I told you the best has yet come 

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leroy55
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20-Mar-2025 12:39     
 
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 Alert Admin 		I told you the best has yet come 
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leroy55
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20-Mar-2025 11:56     
 
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 Alert Admin 		  the best has yet to come
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leroy55
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19-Mar-2025 14:00     
 
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Sembcorp Industries Announced a Strategic Reorganisation: Can its Share Price Hit a New High?

Sembcorp Industries  (SGX: U96), or SCI, is on a roll.


The  blue-chip  utility and urban development specialist saw its share price soar 54% in 2023 and another 4% last year.

Year-to-date, shares are up 10.3% and just touched a 52-week high of S$6.45, close to its all-time high of S$6.50 back in 2007.

SCI recently released its 2024 earnings which saw management more than double its final  dividend  from S$0.08 last year to S$0.17.

Along the way, the group also announced a strategic reorganisation to accelerate its growth.

Can SCI&rsquo s share price go on to hit new highs? Let&rsquo s find out.

Appointing managers for key business lines



SCI has three key divisions &ndash gas and related services, renewables, and integrated urban solutions.

Koh Chiap Khiong was appointed as a the president and CEO of the gas and related services division, and he will head the energy transition portfolio in Singapore comprising solar, energy imports, and low-carbon solutions.

The renewables division was further subdivided into two regions, East and West, each with its president and CEO.

Alex Tan heads the east sub-division and will lead the business in China and Southeast Asia.

Vipul Tuli is appointed as the president and CEO of the West sub-division and will lead the business in India and the Middle East.

He will also be the CEO of SCI&rsquo s Hydrogen business and will be in charge of the group&rsquo s global hydrogen renewables business.

Finally, Eugene Cheng, group CFO of SCI, will also take up the position of president and CEO of integrated urban solutions.

Promising growth engines



Management identified three key growth engines to power SCI&rsquo s growth in the years ahead.
The gas and related services division saw its net profit before exceptional items (EI) rise threefold from S$245 million in 2020 to S$727 million in 2024.

This division will deliver a comprehensive suite of solutions for customers&rsquo energy requirements.

Over at renewables, SCI will make disciplined investments to grow its gross installed capacity.

Net profit before EI for this division grew nearly fourfold from S$46 million to S$183 million from 2020 to 2024.

As for integrated urban solutions, the refreshed strategy implemented in August last year led to a turnaround, with net profit before EI rising from S$113 million in 2020 to S$169 million by 2024.

This division possesses water and renewable energy capabilities to deliver low-carbon solutions for clients.

Regional expansion for gas services



Drilling down into each division, gas and related services aims to lead the region&rsquo s energy transition while generating strong returns.

It has four energy switches &ndash natural gas, renewables, regional import, and low-carbon, and will pursue new power and gas projects in the region.

Senoko Energy will be optimised to serve high power demand sectors while SCI&rsquo s various gas offtake agreements will ensure a stable source of recurring income.

The division&rsquo s objective is to achieve more than 5% earnings compound annual growth rate (CAGR) accompanied by best-in-class return on equity (ROE).

Scaling up its renewables portfolio



As for renewables, the division will accelerate growth through acquisitions outside of Singapore while establishing strategic partnerships.

The East sub-division plans to target geographies with strong power demand such as data centres.

It will also leverage China&rsquo s procurement advantages to maximise the division&rsquo s cost efficiency.
On the West side, the division will scale up bidding and acquisitions for its India renewables while further enhancing capabilities.


For the Middle East, the aim is to co-develop renewables capacity and form EPC (engineering, procurement, and construction) partnerships.

New growth regions for integrated urban solutions



SCI has plans to accelerate growth in this division by driving faster land sales and capturing demand from high-value and fast-growing industries such as data centres.

The idea is also to establish a presence in high-growth regions such as India as part of its regional push.

This division is aiming for mid-teens earnings CAGR with ROE exceeding 10%.

Get Smart: Promising, but needs time



SCI&rsquo s reorganisation sounds exciting and shareholders can look forward to reaping the benefits of these initiatives.

However, do note that the execution of these ideas requires time.

Hence, it may take a while for the financial results to reflect management&rsquo s efforts.

Meanwhile, investors can look to SCI as a solid growth and yield play as the utility specialist embarks on a multi-year growth journey.

  • Sembcorp shares open 4.19% higher after issuing response to Bloomberg report

    Mon, 17 March 2025 at 1:08 pm GMT-7· 1-min read


    The group&rsquo s continuing operations are divided into five main segments: gas and related services, renewables, integrated urban solutions, decarbonisation solutions and other businesses and corporate.

    Shares in Sembcorp opened at $6.355 on March 18, 25.5 cents higher or 4.19% up, after the group issued a response to a  Bloomberg  article  published the day before.

    In its statement, Sembcorp says it &ldquo continually reviews its portfolio to optimise shareholder value&rdquo and that it may &ldquo engage with external advisors to consider available options&rdquo from time to time.

    On March 17,  Bloomberg  reported that Sembcorp may look at potentially going private or sell some assets amid conducting a strategic review of its business.

    A Sembcorp spokesperson said the group will &ldquo make the necessary announcements&rdquo per the Singapore Exchange  S68&rsquo s (SGX) listing rules when there is a &ldquo material&rdquo update and when it has &ldquo progressed to a stage where there is a high level of certainty&rdquo .

    In FY2024 ended Dec 31, 2024, Sembcorp reported earnings of $1.01 billion, 7% higher y-o-y. The group&rsquo s continuing operations are divided into  five main segments: gas and related services, renewables, integrated urban solutions, decarbonisation solutions and other businesses and corporate.

    As at 12.06pm, shares in Sembcorp are trading 11 cents higher or 1.8% up at $6.21.
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leroy55
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19-Mar-2025 09:50     
 
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Sembcorp completes sale of waste management subsidiary for a consideration of $405 mil

Nicole Lim
Nicole LimTue, Mar 18, 2025  &bull   05:52 PM GMT+08  &bull     &bull   2  min read
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Sembcorp completes sale of waste management subsidiary for a consideration of $405 mil
Sembcorp Environment has been purchased by TBS Energi Utama, a waste management company listed on the Indonesian Stock Exchange. Photo: SembcorpSembcorp Industries (Sembcorp) has completed the sale of the entire shareholding in its subsidiary Sembcorp Environment (SembEnviro) to SBT Investment 2, a wholly-owned subsidiary of TBS Energi Utama (TBS). 


This follows the  Nov 8, 2024 news  when Sembcorp first announced its intention to sell 100% of its shares in SembEnviro for a total consideration of $405 million.

Then, it represented a 43% premium over the book value and net asset value of SembEnviro and its subsidiaries (SembEnviro group) as at June 30, 2024, after taking into account the estimated pre-completion dividend to be distributed from SembEnviro group.

 

TBS manages a waste management portfolio in Singapore and Indonesia, and is listed on the Indonesian Stock Exchange. In Singapore, it owns and operates Asia Medical Enviro Services which specialises in biohazardous and medical waste treatment services. 

TBS says that it is working to establish a regionally integrated waste management platform with presence in Indonesia and Singapore across medical, industrial and domestic waste management, fostering sustainable waste solutions for both cities and industries.

Sembcorp says that it will provide up to 18 months of support services to SembEnviro and its subsidiaries and will also permit limited use of the SembEnviro name and its trademarks during the transitional period. 
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