OCBC Raises Fair Value for Sembcorp Industries to $5.40

The Edge Singapore2023-05-24

OCBC Investment Research has raised its fair value for Sembcorp Industries from $4.80 to $5.40, citing the energy and urban development firm's improved ROE amid higher energy prices."Successful ...

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2023-05-24
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OCBC reiterates that Sembcorp might potentially make partial divestment or list assets that can give steady yields.By doing so, the company can unlock the value in its current assets and grow its renewable portfolio further.\"The use of third-party capital would be helpful in allowing the group to not be bogged down by an asset heavy business,\" reasons OCBC, adding that the success of this strategy might influence whether the company may need raise new capital to fund its continued growth and transformation.\"Overall, the group continues to pivot in the right direction towards renewables, and its ability to deliver higher ROE should support share price performance,\" adds OCBC.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9970709411,"gmtCreate":1684908088033,"gmtModify":1684908092114,"author":{"id":"3574547619690492","authorId":"3574547619690492","name":"UTOtrader","avatar":"https://static.tigerbbs.com/82be6befb29ac8516e463638d3f659d5","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Buy more","listText":"Buy more","text":"Buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970709411","repostId":1148764221,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1148764221"}