Sembcorp Industries – Equity fundraising ruled out | SGX Company Insights | Ep 69

Let the Money Talk

English - November 17, 2022 04:00 - 5 minutes - 8.25 MB
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In this episode, Phillip Securities Research's Senior Analyst, Terence Chua, will be covering Sembcorp Industries – Equity fundraising ruled out and maintained BUY recommendation..

Sembcorp Industries (SCI) announced the acquisition of 830MW of renewable assets in China through a joint venture with State Power Investment Corporation (SPIC).

The acquisition of BEI Energy and Vector Green will be accretive to earnings and diversifies the Group’s presence from north western China.

Management ruled out equity funding to finance spate of acquisitions. We believe the latest clarification will allay concerns over an equity call.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

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