Brokers’ Take: Maybank Says Sembcorp Undervalued Against Peers; Initiates "Buy"

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Brokers’ Take: Maybank Says Sembcorp Undervalued Against Peers; Initiates "Buy"

businesstimes2022-08-03

MAYBANK on Wednesday (Aug 3) initiated coverage onSembcorp Industries with a “buy” call and target price of S$3.40.The research team sees the energy player as not only a leader in sustainable ...

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SquareGuy
·2022-08-03
Buy $KEPPEL CORPORATION LIMITED(BN4.SI)$ . Is Keppel a much better option ?
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Rabbit63
·2022-08-03
I agree
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It maintains a high return on sustainable equity ratio compared with top Asian utilities and Singapore industrial peers,” said Maybank analyst Kelvin Tan in a report.His target price of S$3.40 implies a potential upside of 12.6 per cent from the counter’s last trading price of S$3.02 as at the midday trading break on Wednesday. Shares of Sembcorp were up 2.4 per cent or S$0.07 at the time.Maybank also likes Sembcorp for its substantial additional earnings potential from its plan to boost renewable energy capacity, as well as continued high tariffs contributing to “good spark spreads” in Singapore and India.Furthermore, the group is resilient to rapid inflation and high interest rates and is unique amid the scarcity of solid ESG (environmental, social and corporate governance) companies in Singapore, Tan added.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9906819338,"gmtCreate":1659513334027,"gmtModify":1705981155562,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3561259559295872","idStr":"3561259559295872"},"htmlText":"Buy&nbsp;<a href=\"https://ttm.financial/S/BN4.SI\">$KEPPEL CORPORATION LIMITED(BN4.SI)$</a> .&nbsp; Is Keppel a much better option ?","listText":"Buy&nbsp;<a href=\"https://ttm.financial/S/BN4.SI\">$KEPPEL CORPORATION LIMITED(BN4.SI)$</a> .&nbsp; Is Keppel a much better option ?","text":"Buy $KEPPEL CORPORATION LIMITED(BN4.SI)$ . Is Keppel a much better option ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906819338","repostId":1121871307,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9906890179,"gmtCreate":1659507829394,"gmtModify":1705981121230,"author":{"id":"4091177787178090","authorId":"4091177787178090","name":"Rabbit63","avatar":"https://static.tigerbbs.com/c1d969e2baefe04cd38efc792e49e5d1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4091177787178090","idStr":"4091177787178090"},"htmlText":"I agree","listText":"I agree","text":"I agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906890179","repostId":1121871307,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":24,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}