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Ok
@Bunifa Latif:$SEMBCORP INDUSTRIES LTD(U96.SI)$1H22 earnings blew past estimates. Net profit of S$490m made up 93% of my previous 5% above consensus full year forecast. The impressive performance was driven by its Conventional Energy segment, especially in Singapore and India that saw a spike in tariffs and spreads. This was further boosted by gains from gas hedges (S$68m) and other income (S$24m) totalling S$92m that are not recurring. The unwinding of gas hedges occurred due to the cancellation of the cargo expected in 1H22. Other income included settlement with customers on late payment of S$15m (1H2021: S$15m) and withO&M contractors of S$8m in India and cancellation fee of S$12m received from a supplier in Singapore. Earnings revisions. I am&nbs
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2022-08-16
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2022-08-16

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