0641 GMT - Sembcorp Industries could gain from higher gas prices amid the Middle East conflict, DBS Group Research's Pei Hwa Ho says in a note. The energy-solutions provider's gains will likely be driven by gas hedges and higher gas-trading volumes and margins, the analyst says. Its operations in Oman and the U.A.E., which contribute about 8.0% of net profit, appear unaffected so far, she adds. Sembcorp's gas supply is also unlikely to be disrupted, as it isn't scheduled to receive any Middle Eastern LNG cargoes over the next few months. Meanwhile, Sembcorp's growth could resume in 2027, partly thanks to new capacity coming online at a Singapore power plant. DBS lowers its target price to S$7.30 from S$7.40 while maintaining a buy rating. Shares rise 1.8% to S$5.78. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 06, 2026 01:41 ET (06:41 GMT)
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