Sembcorp Industries Ltd: Conventional Energy to lift 1H22 profits

Terence Chua

Equity Research Senior Analyst @ PhillipCapital

Follow

21 July 2022

• 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

Equity Research Senior Analyst @ PhillipCapital

Follow

21 July 2022

21 July 2022

Published byPhillipCapital

Share this report