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Sembcorp Industries Ltd (SCIL.SI)

SCIL.SI on Stock Exchange of Singapore

3.24SGD
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Sembcorp Industries Says ‍Sembcorp Development India Signs LLP Agreement
Friday, 16 Mar 2018 05:12am EDT 

March 16 (Reuters) - Sembcorp Industries Ltd ::‍SEMBCORP DEVELOPMENT INDIA HAS SIGNED A LIMITED LIABILITY PARTNERSHIP AGREEMENT WITH ASCENDAS-SINGBRIDGE ANDHRA INVESTMENT​.AMARAVATI DEVELOPMENT PARTNERS INCORPORATED IN INDIA; INITIAL CAPITALISATION TO BE INR1 MILLION.SEMBCORP DEVELOPMENT INDIA ALSO SIGNED LIMITED LIABILITY PARTNERSHIP AGREEMENT, IT WILL HAVE AN INITIAL CAPITAL OF RS. 1 MILLION.CO'S 29 PERCENT EFFECTIVE STAKE IN ADP IS HELD THROUGH CO'S UNIT, SEMBCORP DEVELOPMENT INDIA.LLP AGREEMENT TO FORM AMARAVATI MANAGEMENT SERVICES.  Full Article

Sembcorp Industries ‍Says Unit Is Exiting JV With Partner Takamul Investment Company​
Monday, 5 Mar 2018 04:24am EST 

March 5 (Reuters) - Sembcorp Industries Ltd ::‍SEMBCORP UTILITIES (OMAN) IS EXITING ITS JOINT VENTURE WITH ITS PARTNER TAKAMUL INVESTMENT COMPANY​.‍TRANSACTION WILL NOT HAVE A MATERIAL IMPACT ON EARNINGS PER SHARE AND NET ASSET VALUE PER SHARE OF GROUP FOR FY 2018​.UNIT TO SELL & TRANSFER ITS ENTIRE STAKE IN CENTRALISED UTILITIES COMPANY TO UNIT OF OMAN OIL COMPANY FOR OMR 984,740.  Full Article

Sembcorp Energy India Files For IPO - Filing‍​
Thursday, 22 Feb 2018 11:15pm EST 

Feb 23 (Reuters) - Sembcorp Energy India Limited::SEMBCORP ENERGY INDIA LIMITED FILES FOR IPO - FILING‍​.IPO COMPRISES ‍​FRESH ISSUE OF SHARES WORTH 40.95 BILLION RUPEES AND OFFER FOR SALE UP TO 146.8 MILLION SHARES.AXIS CAPITAL, CREDIT SUISSE SECURITIES, CLSA INDIA, SBI CAPITAL MARKETS AND INDUSIND BANK ARE BOOK RUNNING LEAD MANAGERS TO IPO.  Full Article

Sembcorp Industries Says Q4 Net Profit Attributable S$22.8 Mln
Thursday, 22 Feb 2018 05:59pm EST 

Feb 23 (Reuters) - Sembcorp Industries Ltd ::Q4 TURNOVER S$‍2.12​ BILLION VERSUS S$2.03 BILLION.‍QTRLY NET PROFIT ATTRIBUTABLE S$22.8 MILLION VERSUS S$147.5 MILLION.PROPOSED FINAL DIVIDEND 2 SINGAPORE CENTS PER SHARE.INITIATED PROCESS FOR IPO OF SEMBCORP ENERGY INDIA LTD ON BSE LIMITED AND NATIONAL STOCK EXCHANGE OF INDIA​.‍ENTERED INTO A CONDITIONAL SALE AGREEMENT TO DIVEST ITS 100 PCT STAKE IN SEMBCORP UTILITIES SOUTH AFRICA​.‍TO DIVEST SEMBCORP SILULUMANZI AND ITS 73.4 PCT STAKE IN SEMBCORP SIZA WATER TO SOUTH AFRICAN WATER WORKS PTY.DIVESTMENTS FOR GROSS PROCEEDS OF S$89 MILLION.‍DIVESTMENT IS NOT EXPECTED TO HAVE A MATERIAL IMPACT TO GROUP IN 2018​.‍MARKET ENVIRONMENT IS EXPECTED TO REMAIN CHALLENGING IN 2018​.  Full Article

Shares Of Sembcorp Marine Drop 4.7 Percent
Thursday, 22 Feb 2018 12:07am EST 

Feb 23 (Reuters) - Shares Of Sembcorp Marine ::DROP 4.7 PERCENT, EXTENDING THURSDAY'S 11.4 PERCENT FALL.  Full Article

Sembcorp Industries says Sembcorp Development increases stake in Vietnam joint venture​
Tuesday, 21 Nov 2017 04:08am EST 

Nov 21 (Reuters) - Sembcorp Industries Ltd :Unit entered sale and purchase agreement to increase interest in Vietnam Singapore Industrial Park from 92.9 pct to 96.6 pct​.Deal ‍not expected to have material impact on earnings per share of co for FY ending Dec. 31, 2017.‍Agreement is for total purchase consideration of US$6.9 million​.  Full Article

Sembcorp Industries ‍says Sembcorp Green Infra awarded 250-megawatt project
Monday, 13 Nov 2017 04:15am EST 

Nov 13 (Reuters) - Sembcorp Industries Ltd :‍Renewable energy business Sembcorp Green Infra awarded 250-megawatt project in India's wind power market​.  Full Article

Sembcorp Industries posts Q3 net profit of S$33.6​ mln
Thursday, 2 Nov 2017 05:10am EDT 

Nov 2 (Reuters) - Sembcorp Industries Ltd :Q3 net profit S$33.6​ million versus s$53.9 million.Q3 turnover S$‍1.81​ billion versus S$2.14 billion.‍Net profit contribution from utilities operations is expected to be lower than 2016​.Performance of utilities' China operations in 2017 expected to be lower due to expiry of Yangcheng Cooperative JV agreement​.‍In Singapore, centralised utilities, gas and solid waste management businesses are expected to continue to do well​.‍Market environment is expected to remain challenging in 2017​.‍No interim dividend for period ended September 30​.  Full Article

Sembcorp Industries to develop rooftop solar energy systems at ST Aerospace's facilities for project value of S$5.4 mln
Wednesday, 25 Oct 2017 05:10am EDT 

Oct 25 (Reuters) - Sembcorp Industries Ltd :‍To develop rooftop solar energy systems at ST Aerospace's facilities for project value of S$5.4 million​.‍Project not expected to have material impact on EPS for FY ending Dec 31​.  Full Article

Sembcorp Industries to form JV with Japan Nishi-Nippon Railroad Co for residential development
Friday, 20 Oct 2017 05:10am EDT 

Oct 20 (Reuters) - Sembcorp Industries Ltd :Joint Venture With Japan Nishi-Nippon Railroad Co. for proposed residential development in Vietnam.‍VSIP JSC will hold 30 percent of JV Co to be formed for residential development, with NNR holding remaining 70 percent ​.JV not expected to have material impact on EPS of Co for FY ending December 31, 2017​.‍Sembcorp development's effective interest in JV Co, VSIP JSC, is 45.2 percent ​.  Full Article

UPDATE 3-Sembcorp Industries to raise $380 mln from asset sales, plans India energy IPO

* Sembcorp Inds falls as much as 2.8 pct, Sembcorp Marine falls as much as 6.9 pct (Adds details from IPO prospectus, ROE outlook)