0131 GMT - Sembcorp Industries' acquisition of Australia's Alinta Energy seems positive, Phillip Securities Research's Paul Chew says in a research report. The brokerage maintains the stock's buy rating. This acquisition is accretive to the company's profit after tax and minority interest by 23% based on trailing 12-months June 2025 earnings, the head of research estimates. There's also a pipeline option of 10.4 gigawatts of mostly renewable-energy capacity for future growth. The brokerage views the acquisition as a strategic entry by Sembcorp Industries into a new source of sustainable growth. However, the brokerage cuts the stock's target price to S$7.10 from S$7.90 to reflect lower Singapore electricity spread assumptions. Shares are 2.5% higher at S$6.07. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
December 14, 2025 20:31 ET (01:31 GMT)
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