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SembCorp Industries
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Rightstock
Member |
04-Oct-2024 15:31
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$6.00 by end of 2024? Let' s see.
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msksmsks
Elite |
04-Oct-2024 11:05
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Drifting lower after getting toppish Wl it drift lower ard 5.30 ? Finally covering the gap btwn 5.2 - 5.23 PDYODD
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SgYuan
Supreme |
02-Oct-2024 08:48
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SGX Penny Stocks (EW Charts by sgYuan):
sci 1h w5 562 px hit 563 dn 14.6 559 breakdn wa dn hit 552 wb up 559 hit 558 wc dn 547 hit 551 if can breakup 14.6 553 then still got chance for 61.8 558 SgYuan: sci day w5 up 562 hitv563 dn 61.8 531 or lower trendline see dn fib 550 543 531 |
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ysh2006
Supreme |
01-Oct-2024 20:23
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OK Lim the settlement payment about $51M coming soon maybe can give X'mas hamper to share holders
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msksmsks
Elite |
24-Sep-2024 13:55
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Well done Also getting toppish DYODD
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SgYuan
Supreme |
19-Sep-2024 20:30
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SGX Penny Stocks (EW Charts by sgYuan):
sci day dn 14.6 511 hold px hit 545 w3 up extended so much hard to decide still on w3 or w5 sci day w4 dn 14.6 511 still make sense w5 up 562 also upper trendline px hit 545 dn 14.6 540 hold best dn 38.2 532 lower trendline must not breakdn if hold w5 up continues SgYuan: sci week wa up breakup 61.8 529 next fib 78.6 554 upper trendline 560 |
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msksmsks
Elite |
18-Sep-2024 11:54
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Well done , SCI
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Neutral_Guy
Member |
18-Sep-2024 10:02
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Hi, SG Yuan, can you help to analyse Fraser Hospitality for us? Sorry to post here. Thanks.
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Joelton
Supreme |
18-Sep-2024 09:56
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Sembcorp unit to acquire 30% interest in Senoko Energy
Sembcorp Utilities&rsquo acquisition is expected to be completed in the fourth quarter of 2024, subject to certain conditions
SEMBCORP&rsquo S : U96 +1.17%wholly owned subsidiary Sembcorp Utilities has signed a sale and purchase agreement with energy solutions provider Engie Global Developments to acquire a 30 per cent interest in energy supplier Senoko Energy.
The interest is held through Engie&rsquo s wholly owned subsidiary TWMB Holdings, mainboard-listed Sembcorp said in a bourse filing on Tuesday (Sep 17). The sum of the proposed deal was not disclosed.
The proposed acquisition will be complementary to Sembcorp&rsquo s current portfolio of energy assets and will enhance its capability to support Singapore&rsquo s energy transition, it said in the statement.
The deal is subject to certain conditions, including regulatory approvals from Singapore&rsquo s Energy Market Authority and the pre-emption rights of other shareholders of Senoko Energy.
Should these conditions be met, the acquisition is expected to be completed in the fourth quarter of 2024, said Sembcorp.
The proposed acquisition will be funded through the company&rsquo s internal cash resources and/or external borrowings.
If completed, the purchase is expected to be accretive to the earnings of Sembcorp and would not have a material impact on its net tangible assets per share for the financial year ending Dec 31, 2024.
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SgYuan
Supreme |
18-Sep-2024 08:56
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SGX Penny Stocks (EW Charts by sgYuan):
sci 1h dn 38.2 508 hold wc up 518 hit and breakup w5 up 521 px hit and corrected sci 1h wb up 518 hit 520 breakup 61.8 518 dn 14.6 517 hold best w5 up continues next fib 527 if breakdn then wc dn 510 sci day w3 up 521 px hit dn 14.6 511 hold best w3 up continues next fib 528 |
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MrBear12
Supreme |
15-Sep-2024 09:06
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Well done! | ||||
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Rightstock
Member |
15-Sep-2024 08:40
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Listed companies and leaders dazzle at 19th Singapore Corporate Awards13 Sep 2024 09:00
By [email protected] OUTSTANDING listed companies and business leaders were honoured for their corporate governance achievements at the 19th Singapore Corporate Awards (SCA), co-organised by The Business Times, the Institute of Singapore Chartered Accountants (Isca) and the Singapore Institute of Directors (SID). This year' s ceremony was held on Aug 27 at The Ritz-Carlton, Millenia Singapore and saw 36 companies and six individuals clinch awards. Deputy Prime Minister Heng Swee Keat, who was the guest of honour at the black-tie dinner, spoke on the key role played by boards and the importance of corporate governance. Several listed companies won multiple awards at the event, which was sponsored by Standard Chartered Bank. They include Sembcorp Industries, Keppel, ComfortDelGro Group, Hong Leong Asia and CSE Global. Sembcorp' s Wong Kim Yin was named Best CEO for companies above S$1 billion in market capitalisation. The group also clinched the Special Recognition for Transformation award. Keppel won two silver awards, one each under the Best Risk Management and Best Investor Relations categories while Keppel Real Estate Investment Trust (Reit) won silver for Best Annual Report under the Reits and business trusts category. Within ComfortDelGro, Vicom and SBS Transit together clinched one gold, one silver and two bronzes for mid-caps. SBS Transit' s Chew Kum Ee was also named Best Chief Financial Officer in the mid-cap category. Hong Leong Asia won gold for Best Managed Boards in the mid-cap category and silver for its annual report. CSE Global' s Lim Boon Kheng walked away with Best CEO for small-caps, while the group won two golds for Best Risk Management and Best Annual Report. A new award was also introduced in this edition of SCA: Distinction in Sustainability Reporting, which was awarded to City Developments (large-caps) and NetLink NBN Trust (Reits and business trusts). SCA is supported by the Accounting and Corporate Regulatory Authority (Acra) and the Singapore Exchange. |
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SgYuan
Supreme |
12-Sep-2024 11:00
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sci 1h ew
w3 up extended hit 508 w4 dn 499 px hit 500 w5 up 521 px hit 513 w5 on wabc up wa up hit 513 wb dn 505 px hit 508 if hold wc up 518 or 521 |
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lailai
Elite |
10-Sep-2024 16:37
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SJ kena scammed. adverts kept popping. | ||||
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SgYuan
Supreme |
10-Sep-2024 15:55
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sci 1h ew
wc up ew on w3 w3 up extended hit 214.6% 500 dn 14.6 497 hold best w3 up continues if breakdn w4 dn 493 w5 up 509 |
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SgYuan
Supreme |
10-Sep-2024 15:47
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sci day ew
wabc up wb dn 477 px hit 482 wc up 514 resistance 500 up 61.8 509 day 200ma 512 |
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SgYuan
Supreme |
02-Sep-2024 08:38
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SGX Penny Stocks (EW Charts by sgYuan):
sci day breakup upper trendline 486 wc up 497 px hit 493 dn 14.6 489 hold best SgYuan: sci day wa up 61.8 499 day 200ma 513 |
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Battle123
Elite |
30-Aug-2024 18:07
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Today gd performance de, nxt week hope can have 2nd round of flying 
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SgYuan
Supreme |
30-Aug-2024 10:31
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sci day
wb dn 463 px hit 465 uturn wc up 497 px hit 487 upper trendline 486 dn 14.6 484 hold best wc up continues |
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PiRPiR
Veteran |
28-Aug-2024 21:43
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https://www.businesstimes.com.sg/events-awards/singapore-corporate-awards/singapore-corporate-awards-2024/brown-green-wong-helm-sembcorp-reaps-dividends-sustainability-push
?From brown to green?: With Wong at the helm, Sembcorp reaps dividends from sustainability push With a bold bet on sustainability, CEO Wong Kim Yin has led Sembcorp to remarkable achievements, including top honours and impressive market performance Renald Yeo Published Wed, Aug 28, 2024 · 5:00 am Updated Wed, Aug 28, 2024 · 8:31 am Under group president and CEO Wong Kim Yin's leadership, Sembcorp posted total returns of 61 per cent in 2023. PHOTO: SEMBCORP INDUSTRIES THREE years ago in May 2021, Sembcorp Industries unveiled an ambitious, forward-looking transformation plan. The mainboard-listed conglomerate would bet big ? to the tune of more than S$5.5 billion ? on the acceleration of its sustainability journey, particularly through growing its renewable energy and integrated urban solutions business units. Or, as Sembcorp?s group president and chief executive officer Wong Kim Yin described it, shifting the company?s portfolio ?from brown to green?. In doing so, Wong has bagged a string of accolades along the way. The latest? Being named as Best CEO in the large-cap category of the 2024 Singapore Corporate Awards. This year, Sembcorp also took home the Special Recognition Award at the annual awards, which is in its 19th run. Edmund Lin, chairman of South-east Asia and partner at Bain & Company, explains what the Special Recognition Award looks for The objective of the SCA Special Recognition Award is to recognise organisations and/or individuals that have demonstrated outstanding and exemplary corporate governance in the conduct of the affairs of their boards and organisation. To select a deserving winner, Bain & Company conducted a detailed evaluation of Singapore Exchange-listed companies over five years, from 2019 through 2023, seeking companies with proven success in innovating and transforming their businesses, and demonstrating traction in disrupting their industry. The highly deserving winner of the 2024 SCA Special Recognition Award is Sembcorp Industries. The scale and scope of Sembcorp?s transformation is massive, covering their entire business. What has historically been a traditional fossil fuel company is now a leading renewables play with a revised portfolio and business model. Sembcorp is the tip of the spear of the energy transition, pushing the boundaries with innovative and commercially scalable solutions that have seen traction in Singapore and well beyond in foreign markets. Importantly, this has translated into very strong financial results which have been recognized and rewarded by the capital markets ? Sembcorp achieved annualised TSR (total shareholder return) growth of 36 per cent from 2019 through 2023. Going green While the shift towards green practices is increasingly seen as essential for long-term viability, investors may initially view these changes with scepticism. The transition often involves significant upfront costs and uncertainty, which can lead to short-term financial volatility and a drop in earnings all of which make those focused on immediate returns hesitate. That has decidedly not been the case for Sembcorp. Under Wong?s leadership, Sembcorp posted total returns of 61 per cent in 2023, tying with Keppel as the best performer within the benchmark Straits Times Index (STI). For comparison, the STI generated a total return of 4.7 per cent in the same period. Clearly, Sembcorp?s strategic road map has been paying dividends ? both figuratively and literally. Last November, the firm rolled out a renewed, S$10.5 billion strategic plan as it embarked on its steady march towards green transformation. This was perhaps due in no small part to the fact that Sembcorp is on track to meet ? or has already exceeded, for some ? key renewables targets set in the May 2021 road map. Now, Sembcorp, which is on track to achieve the previous target of 10 gigawatts (GW) of gross installed renewables capacity by 2025, aims to more than double this to an ambitious 25 GW by 2028. It has also met a 2025 greenhouse gas emissions intensity target ahead of time, and plans to halve this figure by 2028. For the six months ended Jun 30, 2024, Sembcorp posted a net profit of S$540 million, up 2 per cent from S$530 million in the year-ago period. This was due partly to the absence of losses from a discontinued operation, which was divested in January 2023. On a segmented basis, net profit before exceptional items for Sembcorp?s renewables segment fell 13 per cent to S$104 million. However, this was more than offset by a 43 per cent rise in net profit to S$70 million before exceptional items for the group?s integrated urban solutions segment. Despite Sembcorp?s strong performance under his tenure, Wong is quick to deflect credit. He said: ?Sembcorp?s performance must be credited to the entire Sembcorp team, as well as the strong support from the board and various stakeholders.? He did acknowledge that the success of the transformation journey required making tough decisions. He said: ?While we have achieved several transformation milestones, we have had to make tough decisions to replace some leaders in key roles for varying reasons, including changing market circumstances and individual attributes. ?Where possible, we offer opportunities in alternative roles, where employees could better deploy their individual skill sets and continue contributing to the company?s goals.? Talent-wise, another challenge lies in the shortage of skilled labour ? especially as the growth trajectory of renewable energy deployment continues to accelerate. ?In a tightening labour market like Singapore that faces a greying population and heavy reliance on imported labour, the challenge would be to upskill or reskill existing labour to meet our talent demand, both within the company and the renewables industry in Singapore,? said Wong. A utility-scale solar development by Sembcorp at Nusantara, East Kalimantan, Indonesia. PHOTO: SEMBCORP INDUSTRIES Ideal background Prior to taking the top job at Sembcorp in July 2020, Wong was already a veteran in the energy and investment management sectors. He started his career in New York-listed energy firm AES Corporation in 1995, where he focused on the development, financing and management of infrastructure assets across varied geographies. Such markets included the US, Australia, New Zealand, China, India, Sri Lanka and Pakistan, alongside others in South-east Asia. He noted: ?This experience was especially useful when I joined Sembcorp, owing to the similar geographies and business nature of both companies.? He moved to Temasek ? Sembcorp?s largest shareholder ? in an investment management role in 2004, working on deals in banking, airlines, shipping, industrials and manufacturing. ?My time at Temasek also ingrained in me best practices in corporate governance, which was instrumental in my subsequent career path,? Wong said. In 2011, he took on the mantle of group CEO at Singapore?s national grid operator, SP Group. This was his ?first experience leading a big organisation of over 5,000 staff, with a mission-critical mandate to ?keep the lights on? for every Singaporean household and business?, he recalled. There, he planted the seeds of SP?s low-carbon, smart energy campaign, and also oversaw the company?s push on energy-saving cooling and heating systems. Even as the Sembcorp transformation journey has had its challenges, it is one that he has relished. Said Wong: ?I am fortunate to have gained varied experience in each phase of my career.? |
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