Global Energy Roundup: Market Talk

Dow Jones2023-05-09

The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0450 GMT - Investors looking for Singapore ESG picks should go for those that have scope to outperform the STI without losing their sustainability potential, CGS-CIMB says. For analysts Lim Siew Khee, Lock Mun Yee and Melvin Lim, these include conglomerate Keppel, Sembcorp Industries and Yangzijiang Shipbuilding. Investors have responded well to the companies' eco-friendly moves, like Keppel selling its offshore and marine arm and transferring legacy rigs, Sembcorp selling its India coal plant while adding renewable capacity and Yangzijiang signaling more green vessels in its pipeline with its maiden LNG carrier newbuild contract. They also like City Developments, Singtel and ST Engineering--all early movers in carbon commitments in their respective fields. Since September 2021, the analysts' portfolios of ESG picks have outperformed the STI by 25%. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

May 09, 2023 00:50 ET (04:50 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment