Sembcorp's Renewables Revenue Could Be Flat This Year -- Market Talk

Dow Jones02-26 11:55

0355 GMT - Revenue from Sembcorp Industries's renewables segment could be flat this year, says Citi analyst Luis Hilado in a note. The renewables business was a bright spot for the Singapore energy-solutions provider's 2H 2025 revenue growth on year, he says. However, the company said that pressure from the suspension of value-added-tax refunds, which will be retroactively applied, for onshore wind projects could weigh on the renewables segment this year, he says. Meanwhile, Sembcorp's subsidiary Senoko Energy faces a high base effect in 2026 and its contribution to Sembcorp's overall earnings could fall, he says. Citi retains its S$7.84 target price and buy rating. Shares fall 1.45% to S$6.11. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 25, 2026 22:55 ET (03:55 GMT)

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However, the company said that pressure from the suspension of value-added-tax refunds, which will be retroactively applied, for onshore wind projects could weigh on the renewables segment this year, he says. Meanwhile, Sembcorp's subsidiary Senoko Energy faces a high base effect in 2026 and its contribution to Sembcorp's overall earnings could fall, he says. Citi retains its S$7.84 target price and buy rating. Shares fall 1.45% to S$6.11. 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The renewables business was a bright spot for the Singapore energy-solutions provider's 2H 2025 revenue growth on year, he says. However, the company said that pressure from the suspension of value-added-tax refunds, which will be retroactively applied, for onshore wind projects could weigh on the renewables segment this year, he says. Meanwhile, Sembcorp's subsidiary Senoko Energy faces a high base effect in 2026 and its contribution to Sembcorp's overall earnings could fall, he says. Citi retains its S$7.84 target price and buy rating. Shares fall 1.45% to S$6.11. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2026 22:55 ET (03:55 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B12V2V27.USD","symbol_name":"柏瑞亚洲小盘股A(除日本)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2614060946","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614060946","pubTimestamp":1772078100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0355 GMT - Revenue from Sembcorp Industries's renewables segment could be flat this year, says Citi analyst Luis Hilado in a note. 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The renewables business was a bright spot for the Singapore energy-solutions provider's 2H 2025 revenue growth on year, he says. However, the company said that pressure from the suspension of value-added-tax refunds, which will be retroactively applied, for onshore wind projects could weigh on the renewables segment this year, he says. Meanwhile, Sembcorp's subsidiary Senoko Energy faces a high base effect in 2026 and its contribution to Sembcorp's overall earnings could fall, he says. Citi retains its S$7.84 target price and buy rating. Shares fall 1.45% to S$6.11. 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