Star in the Sky
08-22
My Bullish SG stock is Sembcrop Industrial (SCI).
Good reasons for SCI’s share price to rise over the years.
Its Renewables division, gross renewables capacity increased from 3.2 GW to 13.8 GW in Feb 2024.
In 2023, SCI acquired 228 MW of an operational wind portfolio in India and was also awarded SG largest solar project to date.
Integrated Urban Solutions division: +44.2% y-y increase in land sales to 248 hectares in 2023.
SCI is continuing to build its land bank with 3 new investment licences totalling 1,290 hectares both in Indonesia and Vietnam.
In 2024, SCI signed various power purchase agreements (PPAs).
An 18-year PPA was signed with Micron to supply up to 450 MW and Singtel for 10 years with an estimated contract value of S$180m/annum.
SCI PPAs with GSK whereby Sembcorp Power will supply up to 10 MW of electricity to all the pharmaceutical giant’s 3 global manufacturing sites in SG.
Accumulating SCI for the future.
Which SG Stock Is the Anchor of Your Portfolio?
As the Singapore stock market continues to show resilience amid global uncertainties, investors are constantly on the lookout for opportunities that could deliver strong returns. ----------- Which company is the anchor in your portfolio? Are they entering buying zone after the plunge several days ago? Have you bottomed these stocks?
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