Sembcorp Industries' Alinta Buy Could Be Key to Sustaining Profit Level -- Market Talk

Dow Jones02-27 13:55

0555 GMT - The completion of Sembcorp Industries' acquisition of Australia's Alinta Energy is key to its sustaining a S$1 billion profit level, says CGS International's Lim Siew Khee and Meghana Kande in a note. The Singapore energy solutions company's recurring income base is close to S$1 billion, and it plans to raise its absolute dividend and payout ratio to match peers, they note. However, most segments could experience profit declines in 2026, they say. CGSI cuts its target price to S$7.68 from S$7.77 given the flattish near-term earnings outlook, with its add rating unchanged. Shares rise 0.2% to S$6.08. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

February 27, 2026 00:55 ET (05:55 GMT)

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