Sembcorp Industries

Re: Sembcorp Industries

Postby winston » Thu May 04, 2017 9:12 am

Sembcorp Industries: Positioning for the future

Sembcorp Industries (SCI) reported a 12.9% YoY rise in revenue to S$2.1b and a 11.3% increase in net profit to S$119.1m in 1Q17, accounting for 27.0% and 26.5% of our full year estimates, respectively.

Urban development was the segment that saw the most growth in the quarter due to higher land sales in China.

Over the next few months, management will be undertaking a complete review of the group’s businesses and strategic direction.

The focus will be on “performance, sustainability and value creation”. Whatever the results of the review, we believe that it should be taken in the interests of the group’s shareholders and stakeholders.

There may also be value to be unlocked from the exercise.

We fine tune our estimates and our fair value estimate slips from S$3.69 to S$3.48. Maintain BUY.

Source: OCBC
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Re: Sembcorp Industries

Postby behappyalways » Sun Aug 06, 2017 8:46 pm

sembcorp-reports-36-decline-2q-earnings-553-mil
https://www.theedgesingapore.com/sembco ... gs-553-mil
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Re: Sembcorp Industries

Postby behappyalways » Tue Sep 05, 2017 7:02 pm

sembcorp-acquires-remaining-stake-india-renewable-energy-provider-sgi-301-mil
https://www.theedgesingapore.com/sembco ... gi-301-mil
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Re: Sembcorp Industries

Postby behappyalways » Sat Nov 04, 2017 9:34 pm

sembcorp-posts-38-fall-3q-earnings-336-mil-weak-marine-business-expected
https://www.theedgesingapore.com/sembco ... s-expected
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Re: Sembcorp Industries

Postby winston » Mon Feb 26, 2018 2:44 pm

not vested

4Q17: The Rocky Transformation To Better Returns. Downgrade To HOLD.

2017 core net profit of S$277m (-44% yoy) was 74%/72% of UOBKH/consensus estimates, below expectations.

India and Marine remain a drag, and this is expected to continue for an extended period.

The Utilities-focused strategic review represents a shift towards improving earnings quality (positive) but we fret over the shift towards more acquisitions.

Earnings slashed by 13-20% as we turn less upbeat on India.

Downgrade to HOLD, with a lower target price of S$3.28. Entry price: S$2.90.

Source: UOBKH

https://research.uobkayhian.com/content ... 88e908acc1
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Re: Sembcorp Industries

Postby behappyalways » Mon Feb 26, 2018 7:55 pm

Sembcorp to list India energy unit on BSE, NSE after strategic review; reports 84.6% fall in 4Q earnings to $22.8 mil
https://www.theedgesingapore.com/sembco ... gs-228-mil
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Re: Sembcorp Industries

Postby winston » Thu May 03, 2018 9:35 am

not vested

Sembcorp Industries: India energy segment to be profitable this year

Sembcorp Industries (SCI) reported a 30% increase in revenue to S$2.8b but saw a 34% drop in net profit to S$76.6m in 1Q18 with the absence of a S$46.8m disposal gain in 1Q17 (divestment of 30% interest in Cosco Shipyard Group).

Excluding one-off items such as these, we estimate flattish core net profit compared to a year ago, within expectations.

Utilities pre-tax profit before net finance costs increased from S$175m in 1Q17 to S$190m in 1Q18 but contribution from Marine was lower unsurprisingly due to lower overall business volume, which impacted the absorption of overheads and lower land sales from Urban Development.

Looking ahead, Utilities should deliver a better performance in 2018 underpinned by an expected turnaround to profitability for its India energy operations.

Source: OCBC
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Re: Sembcorp Industries

Postby behappyalways » Tue Jun 19, 2018 4:55 pm

Sembcorp divests medical waste treatment business for $20 mil
https://www.theedgesingapore.com/sembco ... ess-20-mil
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Re: Sembcorp Industries

Postby behappyalways » Mon Jun 25, 2018 5:32 pm

Sembcorp to acquire UK Power Reserve for $385 mil
https://www.theedgesingapore.com/sembco ... ve-385-mil
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Re: Sembcorp Industries

Postby behappyalways » Sat Aug 04, 2018 11:56 am

Sembcorp reports 50% rise in 2Q18 earnings to $82 mil; Marine unit still mired in losses
https://www.theedgesingapore.com/sembco ... red-losses
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