Earnings Report /

Sembcorp Industries Ltd: Conventional Energy to lift 1H22 profits

  • We downgrade to NEUTRAL from ACCUMULATE with a higher target price of $2.96 (prev. $2.94)

  • We raise FY22e PATMI by 6% as we bake in higher profits from Conventional Energy and Renewable Energy for FY22

  • We downgrade to Neutral after the recent run-up in its price

Terence Chua
Terence Chua

Equity Research Senior Analyst

21 July 2022
Published byPhillipCapital


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