$SEMBCORP INDUSTRIES LTD(U96.SI)$  Sembcorp Industries is set for a dynamic Q4 2024, bolstered by its recent strategic move. Sembcorp Utilities has signed an agreement to acquire a 30% stake in Senoko Energy from Engie Global Developments. This acquisition (expected to be completed in Q4 2024) will be funded through Sembcorp’s internal cash resources or external borrowings. With the upcoming Fed rate cuts, the borrowing will be more profitable. The higher the rate cut, the better the potential earnings.

Moreover, Engie is also collaborating with ComfortDelGro on EV charging stations and Singapore is expanding on her EV number. This should give both local stocks some potential improvement in earnings.

$SEMBCORP INDUSTRIES LTD(U96.SI)$  $ComfortDelGro(C52.SI)$   

https://www.businesstimes.com.sg/companies-markets/sembcorp-unit-acquire-30-interest-senoko-energy

# 💰 Stocks to watch today?(20 Dec)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet