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SembCorp Industries
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FATABA
Supreme |
06-Mar-2023 12:01
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Macquarie Research has the follow ratings and 12-month price targets on the above mentioned stocks: Keppel Corp: Outperform, $8.22, based on a Sum of Parts methodology SembCorp Industries: Outperform, $4.80 based on a Sum of Parts methodology SCI is certainly growing for strength to strength since cutting off SM .....transformation into a clean energy power house is on the way. TP is achievable ..just a matter of when ? Dydd |
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FATABA
Supreme |
28-Feb-2023 16:16
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SEMBCORP SECURES LONG-TERM POWER PURCHASE AGREEMENT AND ISSUES LIMITED NOTICE TO PROCEED WITH HYDROGEN-READY POWER PLANT Singapore, February 27, 2023 &ndash Sembcorp Industries (Sembcorp) today announces that its wholly-owned subsidiary, Sembcorp Power Pte Ltd, has secured a power purchase agreement with Micron Semiconductor Asia Operations Pte Ltd, a whollyowned subsidiary of Micron Technology, Inc. (Micron), a world leader in memory and storage solutions. The 18-year agreement to supply Micron with up to 450MW of power will be accretive to earnings for the financial year ending December 31, 2023. Separately, wholly-owned subsidiary Sembcorp Cogen Pte Ltd has also issued to the consortium of Mitsubishi Power Asia Pacific Pte Ltd and Jurong Engineering Limited a limited notice to proceed with a new 600MW hydrogen-ready combined cycle power plant facility development, to be operational by 2026. This will be Sembcorp&rsquo s fourth combined cycle power plant in Singapore. More details of the plant development will be shared when the turnkey contract is awarded by the first half of 2023. - END SCI is growing from strenght to strenght....the star of the energy industry in Asia . In 2 to 3 years ....this could become a very important energy source (esp clean energy ) where many companies will depend on ..... Happy investing. |
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Joelton
Supreme |
23-Feb-2023 10:24
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Analysts lift Sembcorp targets on higher growth expectations
SEVERAL brokerages have upped their near-term earnings projections for Sembcorp Industries : U96 +1.06% to result in higher price targets.
This comes after the group&rsquo s net profit for FY2022 trebled year on year due to strong contributions from its conventional energy (CE) business, while its renewable energy (RE) segment continued to expand.
UOB Kay Hian&rsquo s (UOBKH) new target price of S$4.57 compared with S$4.10 previously results from an upgrade of earnings projections by 21 per cent for FY2023, and 17 per cent for FY2024.
Earlier estimates for these financial periods were &ldquo admittedly very conservative&rdquo , said analyst Adrian Loh in a note on Wednesday (Feb 22), as he believed the higher-than-normal CE earnings in prior years could not be sustained.
Loh now thinks the high margins generated in this segment will &ldquo remain for a while longer&rdquo given the current market conditions.
Sembcorp remains inexpensive, in his view, as it continues to trade at a discount to its global utilities peers&rsquo average.
Maybank Securities&rsquo price target on the stock was lifted to S$4.35 from S$4 after the research house raised FY2023 to FY2025 net profit forecasts by 5 to 11 per cent, respectively.
Analyst Kevin Tan said he expects higher contributions from the CE segment due to locked-in power spreads.
A stronger top-line performance is also anticipated from the RE segment from acquisitions, as well as interest payments from the recent divestment of Sembcorp Energy India Limited (SEIL).
Noting that Sembcorp&rsquo s sustainable solutions have expanded by a compound annual growth rate of 35 per cent over the past two years, Tan thinks this could potentially accelerate to grow over 40 per cent in FY2023 to reflect full-year contributions from the group&rsquo s renewable energy acquisitions in FY2022.
&ldquo With the bulk of (Sembcorp&rsquo s) portfolio on long-term contracts, we remain optimistic on its growth prospects and are not overly concerned as earnings taper off from a record high in FY2022,&rdquo he added.
Meanwhile, DBS Group Research has lifted its price target on the stock slightly to S$4.60 from S$4.50 after revising its FY2023 earnings forecast upwards by 2 per cent.
The research house&rsquo s marginally-higher top-line projections come in anticipation of stronger Singapore earnings due to fixed contracts, to be partially offset by an expected loss from the SEIL divestment.
While CGS-CIMB&rsquo s price target is unchanged at S$5.12, the research house has raised its core earnings per share (EPS) estimates by 2 per cent for FY2023 on expectations of sustained strength in CE power prices, on top of the opportunity for fuel source optimisation.
The research house, however, cut its reported FY2023 EPS estimate by 8 per cent to reflect an exceptional item loss which Sembcorp&rsquo s management expects to report in FY2023 for SEIL.
Though earnings estimates for FY2024 remain unchanged, CGS-CIMB analysts have assumed a lower Ebitda (earnings before interest, taxes, depreciation and amortisation) margin for the CE segment at 13 per cent in FY2024, versus FY2022&rsquo s margin of 14 per cent.
UOBKH, Maybank and DBS continue to rate Sembcorp at &ldquo buy&rdquo , while CGS-CIMB maintains its &ldquo add&rdquo call on the stock.
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FATABA
Supreme |
22-Feb-2023 13:25
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Cant agree w you more on this one ....definately w the growth path of SCI in clean energy ....in 2/3 years...SCI will be $5 and we are paid (dividend) to wait . Dyodd
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beetlejuice
Master |
22-Feb-2023 11:00
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Wow, another day, another multi year high. The Force is strong with this one. 🧧 💰 | ||||
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pkli899
Supreme |
22-Feb-2023 10:51
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Agree with u. So long fundamental unchange, volatile share price does not affect passive income seekers like us.
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Goldfinger
Supreme |
22-Feb-2023 10:40
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For long term dividend investors like me, I would rather have rich dividends than rich stock prices especially if I have no intention of selling and only of buying more good dividend paying stocks. Really.
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FATABA
Supreme |
22-Feb-2023 10:26
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The group attributed the improved profits to higher contributions from its renewables and conventional energy segments.
Earnings per share for the energy company also rose 54 per cent to 20.09 Singapore cents for H2 2022, from 13.06 Singapore cents for H2 2021.
This is the direction SCI is moving forward ....and w 5 industrial park already on its way in Vietnam .....hard NOT to see SCI as a MAJOR clean energy player here in Asean Happy investing.
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Joelton
Supreme |
22-Feb-2023 10:02
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Sembcorp H2 profit up 54% to S$358 million
SEMBCORP Industries on Tuesday (Feb 21) posted a 54 per cent increase in its net profit for H2 ended Dec 31, 2022, to S$358 million, from S$233 million for H2 2021.
The group attributed the improved profits to higher contributions from its renewables and conventional energy segments.
Earnings per share for the energy company also rose 54 per cent to 20.09 Singapore cents for H2 2022, from 13.06 Singapore cents for H2 2021.
Sembcorp&rsquo s H2 turnover grew 3 per cent to S$3.9 billion, from S$3.8 billion.
The company has proposed to pay out a final dividend of S$0.04 per ordinary share and a special dividend of the same amount. This is two times the amount declared for the same period last year. It is, however, pending approval at the next annual general meeting, which will be held on Apr 20.
If approved, the dividends will be paid on May 8, after record date on Apr 27.
Sembcorp&rsquo s renewables arm, in the second half of the year, saw the biggest improvement among all its business segments. Net profit for its renewables segment rose 75 per cent to S$56 million for H2 2022, from S$32 million.
The energy group also stood to gain from high power prices in the UK and Singapore as it registered a 67 per cent growth in profits from conventional energy to S$307 million.
Net profit from integrated urban solutions, however, saw a weaker performance in H2 2022, slipping 15 per cent to S$78 million, from S$92 million. The group attributed this to lower land and property sales from the urban business in China due to a slowdown in the China market, and lower contribution from the waste management business in Singapore with the cessation of a public waste collection contract in December 2021.
Meanwhile, Sembcorp&rsquo s net profit for the full year trebled. Profit attributable to owners of the company was up 204 per cent for FY2022 at S$848 million, from S$279 million for FY2021.
Turnover for the full year gained 22 per cent to S$7.8 billion, from S$6.4 billion.
The company expects performance for its renewables segment to continue growing in 2023 as a result of contributions from acquisitions announced in 2022, while performance of its conventional energy segment would be subject to market conditions.
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FATABA
Supreme |
22-Feb-2023 09:09
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Mr Ang said, &ldquo It has been a rewarding and fulfilling journey serving as Chairman of Sembcorp. I am grateful and privileged to have contributed to and witnessed the transformation of Sembcorp, and to have worked with so many committed and talented members of Sembcorp&rsquo s board and management over the years. I am confident that Sembcorp under Heng Tan&rsquo s leadership, with his extensive business and management experience and passion for sustainability, will continue to deliver performance and growth as it executes its brown to green transformation strategy.&rdquo First appointed to the board on June 1, 2021, Mr Tow was appointed as Deputy Chairman on April 21, 2022 and concurrently serves as a member of the Executive Committee (ExCo), Executive Resource & Compensation Committee (ERCC) and Nominating Committee (NC). Currently the chief executive officer of private equity firm Pavilion Capital International with previous senior leadership positions in Temasek International, Mr Tow brings to the board extensive industry, finance and investment experience. wow ...seem like a lot of exciting future for SCI under him ......:)) |
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FATABA
Supreme |
21-Feb-2023 13:33
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I agree w you , was thinking a final dividend of 6c and special 5c ...lol I think the CEO is prudent , w higher interest rate , SCI is much better to reserve more cash and reduce its loan. Further this is a capital heavy investment business ...so having more cash on hand is always good. Down the road ..this 2 roads, I expect its profit to continue to rise w the rising energy volume and market . Certainly a growth stock in my view Good luck
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pkli899
Supreme |
21-Feb-2023 11:48
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Very good set of results. Cannot fault it. Nevertheless, me a little disappointed with the dividend. Interim was 4c. I expect final to be more, like 6 - 8c. Plus a small bonus special dividend. Don' t scold me please, I' m as usual greedy la. Having said, bearing unforeseen circumstances, we can look forward to better DPU down the road. |
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jacky80
Senior |
21-Feb-2023 11:03
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Yup , I also wish your investment in Keppel huat
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FATABA
Supreme |
21-Feb-2023 10:49
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Great price u invested at . I think SCI is a slow and stable stock ( energy counter) ...it will rise slowly every qtr. Base on the strenght of growth and current projects especially in Vietnam .....seeing $4+ is possible this year. Good luck Happy investing . Vested.
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jacky80
Senior |
21-Feb-2023 10:12
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Yup agreed what u said .
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Ling9345
Master |
21-Feb-2023 10:06
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So now what u going to Said ???hahaha
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beetlejuice
Master |
21-Feb-2023 10:06
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Short term is all noise, smoke and mirrors.
Sembcorp is clearly on a growth path with improving profit outlook too.
So don't be so easily shaken off by short term wiggle wiggle.
鹏 飞 万 里 , 燕 雀 不 识 其 志 . 💰 🧧
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jacky80
Senior |
21-Feb-2023 10:01
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From the time I started investing sci from 1.x . This checkerman keep talking sell on news blah blah plus other forum . Sometimes he appearing also good cos the moment he talk sci share price will go up lol
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beng1102
Elite |
21-Feb-2023 09:56
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Special dividend mean time for share price to go up further.
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Checkerman
Master |
21-Feb-2023 09:35
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From 3.79 down to 3.69 | ||||
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