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seems that ppl know about the news before release? Prices got pushed up before the actual news out. Or SGX announced later than other sources? Lol
Good news. Looking forward to dividends and capital gain for this solid blue chip
bystander1965 ( Date: 22-Oct-2021 17:49) Posted:
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SEMBCORP INDUSTRIES AWARDED 180MW WIND POWER PROJECT IN INDIA
- Win ups Sembcorp Industries&rsquo renewables portfolio to over 3.5GW in
operation and under development
Singapore, October 22, 2021 &ndash Sembcorp Industries announces it has been formally
awarded a 180MW wind power project in India, in the recent 11th nationwide wind
power auction held by the Solar Energy Corporation of India (SECI).
The Group&rsquo s wholly owned renewables subsidiary in India, Green Infra Wind Energy
Limited, has received the letter of award from SECI to develop the project, proposed to
be situated in the state of Karnataka in southwest India. Upon completion of the project,
its power output will be sold to SECI under a 25-year long-term power purchase
agreement.
Sembcorp is making positive strides in one of the world&rsquo s largest renewable energy
markets. With this award, its total capacity of installed and under construction renewable
energy capacity in India is now more than 2.3GW.
Wong Kim Yin, Group President & CEO, Sembcorp Industries said: &ldquo Winning the
180MW SECI wind power project is an endorsement of our competitiveness and
capabilities in renewable energy. This project moves us closer towards our brown to
green transformation, as we target a focused growth in our renewables portfolio.&rdquo
Sembcorp aims to actively grow its renewable energy offering to be a leading provider
of sustainable solutions. With this win, Sembcorp now has a renewables portfolio of
more than 3.5GW in operation and under development across Singapore, China, India,
Vietnam and the UK, as it progresses towards its 2025 target of 10GW of gross installed
renewable energy capacity.
2
The award of the solar project is not expected to have a material impact on the earnings
per share and net asset value per share of Sembcorp Industries for the financial year
ending December 31, 2021.
- Win ups Sembcorp Industries&rsquo renewables portfolio to over 3.5GW in
operation and under development
Singapore, October 22, 2021 &ndash Sembcorp Industries announces it has been formally
awarded a 180MW wind power project in India, in the recent 11th nationwide wind
power auction held by the Solar Energy Corporation of India (SECI).
The Group&rsquo s wholly owned renewables subsidiary in India, Green Infra Wind Energy
Limited, has received the letter of award from SECI to develop the project, proposed to
be situated in the state of Karnataka in southwest India. Upon completion of the project,
its power output will be sold to SECI under a 25-year long-term power purchase
agreement.
Sembcorp is making positive strides in one of the world&rsquo s largest renewable energy
markets. With this award, its total capacity of installed and under construction renewable
energy capacity in India is now more than 2.3GW.
Wong Kim Yin, Group President & CEO, Sembcorp Industries said: &ldquo Winning the
180MW SECI wind power project is an endorsement of our competitiveness and
capabilities in renewable energy. This project moves us closer towards our brown to
green transformation, as we target a focused growth in our renewables portfolio.&rdquo
Sembcorp aims to actively grow its renewable energy offering to be a leading provider
of sustainable solutions. With this win, Sembcorp now has a renewables portfolio of
more than 3.5GW in operation and under development across Singapore, China, India,
Vietnam and the UK, as it progresses towards its 2025 target of 10GW of gross installed
renewable energy capacity.
2
The award of the solar project is not expected to have a material impact on the earnings
per share and net asset value per share of Sembcorp Industries for the financial year
ending December 31, 2021.
bystander1965 ( Date: 22-Oct-2021 17:48) Posted:
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Perhaps this is the reason for the push.
https://links.sgx.com/1.0.0/corporate-announcements/153U11D86HEFX96Q/fe6d04e13cb7ec02a6794c72802ee5a8e2f99bee540ccc2c230224feaaa43732
https://links.sgx.com/1.0.0/corporate-announcements/153U11D86HEFX96Q/fe6d04e13cb7ec02a6794c72802ee5a8e2f99bee540ccc2c230224feaaa43732
Already priced in. In fact it over-corrected.
cucina ( Date: 22-Oct-2021 13:59) Posted:
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So if it' s still profitable, EPS and NTA will continue to grow. NTA is 1.91 atm. For a clean energy player, a lot of people will scream it' s cheap.
However this is SGX, and the co sometimes likes to do impairment a bit too often.
So DYODD.
However this is SGX, and the co sometimes likes to do impairment a bit too often.
So DYODD.
bystander1965 ( Date: 22-Oct-2021 14:36) Posted:
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Well, " poorer" is a relative.
As long as it does not go into loss, and the reason for the reduced performance is controllable, for LT investment, well, ... unless the fundamental changes.
As long as it does not go into loss, and the reason for the reduced performance is controllable, for LT investment, well, ... unless the fundamental changes.
cucina ( Date: 22-Oct-2021 13:59) Posted:
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Dont get trapped again...
BE careful...
BE careful...
CEO had cautioned of poorer results because of plant shutdowns in previous guidance. Surprise at her strength.
What' s your call now? Still 1.7/1.8 or 2.1/2.2 ?
I have no idea though. But a bit upward biased.
I have no idea though. But a bit upward biased.
Checkerman ( Date: 22-Oct-2021 13:21) Posted:
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wow wow earn big
bystander1965 ( Date: 16-Oct-2021 07:27) Posted:
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For past few days , I notice buying is strong . Could it be consumers switching to solar energy due to fuel price hike ?
I am rather surprised for someone who is so keen to make predictions you are so far behind the news curve. 
Checkerman ( Date: 16-Oct-2021 06:44) Posted:
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Nearly 3 months old news. Market would have indigested that and if human would have passed out from the other end. 
The question is how affected. I think it will still be profitable. So DYODD if trading at about book is good or bad.
It doesn' t look like SCI will report Q3 (they didn' t last year and also Q1 this year). So have to wait till next Feb.
But they have been buying 400k shares a day for the past few days total 2mil shares. May not be much though. It' s not he CEO or senior management.
The question is how affected. I think it will still be profitable. So DYODD if trading at about book is good or bad.
It doesn' t look like SCI will report Q3 (they didn' t last year and also Q1 this year). So have to wait till next Feb.
But they have been buying 400k shares a day for the past few days total 2mil shares. May not be much though. It' s not he CEO or senior management.
jacky80 ( Date: 15-Oct-2021 21:38) Posted:
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Bad news I guess
jacky80 ( Date: 15-Oct-2021 21:38) Posted:
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https://www.businesstimes.com.sg/companies-markets/sembcorp-industries-h2-financial-results-could-be-affected-by-planned-shutdowns
FATABA ( Date: 15-Oct-2021 16:00) Posted:
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2 more cent to $2, wonder when is SCI result .....time to update on new energy projects and the India coal plant plan ?
Dyodd
Dyodd
FATABA ( Date: 13-Oct-2021 09:30) Posted:
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Sembcorp would do well to learn from costly errors in energy forays as it embarks on a green journey
SINGAPORE conglomerate Sembcorp Industries has made impairments to the tune of over half a billion dollars for energy investments in recent years. As the company works towards a greener business portfolio, those impairments should serve as a reminder that the energy business is full of risks.
From 2019 to the first half of 2021, Sembcorp' s impairments relating to its energy (formerly called utilities) investments amounted to at least S$514 million. And this was after offsets from exceptional gains.
A reader of The Business Timesrecently noted that Sembcorp had even written off its entire investment for at least one project.
In its H1 2021 financials, there had been a S$212 million impairment for a 49 per cent-owned joint venture called Chongqing Songzao Sembcorp Electric Power. The carrying value of Sembcorp' s equity interest in this project was fully wiped out.
Chongqing Songzao operates a coal-fired power plant, and it has been severely impacted by significantly higher coal costs.
Sembcorp explained in a regulatory filing that the plan was also affected by the closure of its partner' s Chongqing-based coal mines.
Sembcorp also made sizeable impairments to its investment in the United Kingdom' s largest flexible distributed energy generator, UK Power Reserve (UKPR), which it acquired for £ 216 million (then S$385 million) in May 2018.
The impairments were made shortly after the asset was purchased - S$158 million at end-2019 and S$60 million in 2020 - wiping out over half of its investment.
Energy capacity, and a reduction in demand as a result of energy efficiency and reduced industrial production, were some factors cited by Sembcorp for the underperformance.
UKPR has also been activated less frequently to balance the energy system, following improved forecasting by the National Grid Electricity System Operator.
In 2020, Sembcorp booked an impairment of S$81 million for its investment in Oman-based Sembcorp Salalah Power and Water Company. This was attributed to the decline in oil prices and the downgrading of credit ratings of the government of Oman. Sembcorp Salalah supplies power and water to a government-owned company.
Escalating costs
When Sembcorp exited the Chilean market, there was an impairment of S$64 million booked in 2019 due to the difference between the sale value and the net asset value of the business.
Also, it recognised S$27 million in the income statement as net currency translation loss upon completion of divestment in 2020.
The impairment of the business, Sembcorp said, was a result of the realisable value for the assets having been impacted by escalating operational and regulatory costs as well as the deterioration of Chile' s economic, social and regulatory environment.
But Sembcorp also noted the sale, together with the returns from the rest of the portfolio acquired in 2010, had produced cash receipts in excess of the original investment and delivered an annualised return of about 10 per cent.
A Sembcorp spokesperson told BT: " In accordance with accounting standards, the company periodically reviews the carrying value of its assets and investments. The company then makes impairment decisions based on established accounting standards and practices, supported by rigorous financial assessments together with our auditors, and have disclosed the outcomes in a timely and transparent manner.
" Despite the impairments, the Sembcorp portfolio of assets, taken as a whole, has continued to deliver resilient underlying performance and strong cash flow as seen in its recent first-half 2021 results."
Sembcorp' s impairments should not be trivialised. Over the same period, Sembcorp reported revenue of roughly S$15.5 billion and profits of S$508 million. The company has a market capitalisation of S$3.4 billion and an almost equivalent book value.
But how concerned should investors be?
The Securities Investors Association (Singapore) had recently quizzed Sembcorp over its total shareholder return, which has largely been in the red since 2014 - ranging from a negative 28.8 per cent (as at end FY15) to a gain of 51 per cent (as at end FY20). A Sembcorp shareholder would have lost 25.6 per cent of his or her investment from 2014 to 2020, based on the reported total shareholder return, the investor watchdog noted.
Challenging environment
Most of the negative sentiment is likely attributable to offshore and marine unit Sembcorp Marine, which is no longer owned by Sembcorp. But the impairments would have weighed on Sembcorp' s financial return too.
It could be unfair to cite the various impairments as an indictment of Sembcorp' s strategy. Undoubtedly, the company operates in a challenging environment. The energy business is fraught with business and regulatory risks.
CGS-CIMB analyst Lim Siew Khee said the impairments of both Chongqing Songzao and UKPR were mainly due to regulatory changes, but added that these investments were " good" when Sembcorp undertook them.
She added that unfavourable regulatory changes have always been a key risk for the company.
Sembcorp had said in its response to shareholders' queries in 2020: " We believe that appropriate due diligence was conducted for the (UKPR) acquisition... We have since strengthened our in-house domain expertise in the area of the UK electricity market trading and grid services to sharpen our forecasting abilities, especially for merchant markets in disruption."
As Sembcorp embarks on a journey to green its business portfolio, it will also need to strengthen its domain expertise in some still-developing areas.
The company plans to focus on renewable energy and sustainable urban solutions. These are attractive sectors given how much investor demand there is for sustainable investments. But investors should be mindful of the risks that come with such new territory.
Here' s hoping Sembcorp' s decision-making process is rigorous and robust, and the school fees it paid in terms of impairments were worth it.
I quite happy , price slowly go up .. Hope coming weeks will have more good news .
Wordee ( Date: 13-Oct-2021 18:08) Posted:
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inching up slowly but surely
jacky80 ( Date: 13-Oct-2021 17:50) Posted:
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