DMG has initiated coverage of Sembcorp Industries (U96.SG) with Buy call with broker bullish due to opening of new Shell and Exxon petrochemical plans in Singapore that will bring new high-value downstream investments, benefits.
Posts Tagged ‘industries’
Toray Industries narrows FY10 net loss to $215m
May 10th, 2010 |
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Toray Industries Inc., leading Japanese chemical manufacturer, says it has posted a net loss of ¥14.2 billion ($215 million) for the fiscal year ended March 31, 2010, compared with ¥16.3 billion loss posted in the previous year.
Consolidated net sales declined 7.6% to ¥1,359.6 billion, reflecting the significant impact of sluggish sales in the first half.
Sembcorp Industries’ target price raised by Macquarie
May 3rd, 2010 |
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Macquarie has raised Sembcorp Industries’ (U96.SG) target price to $5.20 from $4.20 after revising upwards its EPS, target price for SembMarine (S51.SG), 61% owned by Sembcorp Industries, according to Dow Jones.
Sembcorp Industries downgraded to ‘hold’ by Kim Eng
April 27th, 2010 |
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Kim Eng Securities has raised Sembcorp Industries (U96.SG) target price to $4.38 from $4.14 to factor in higher valuation for utilities business, but downgrades rating to “hold” from “buy” on limited upside from current levels.
Sembcorp Industries to buy water firm Cascal for US$206m: Update
April 26th, 2010 |
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Singapore’s Sembcorp Industries (SCIL.SI) said it will pay around US$206 million ($282 million) for New York-listed Cascal NV (HOO.N) to boost its global water and wastewater capacity by 50%.
The deal will expand Sembcorp’s water and wastewater operations in 11 countries from five and allow it to enter new markets such as South Africa and Latin America.
ERP customers across diverse industries Posted By :
April 20th, 2010 |
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WHILE choosing Enterprise Resource Planning solutions,mid-sized enterprises must balance their long-term needs for innovative solutions to drive the next level of growth with their existing resources and short-term trends for quick return on investment, low-cost of ownership and minimum disruption to current operations.
March 11: Tiger Airways, SGX, Sembcorp Industries
March 11th, 2010 |
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Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.8% to 2,862.29 points on yesterday. Bank and technology shares lifted Wall Street last night on hopes a revival in business demand will boost corporate profits. Bank shares rallied to their highest in 16 months amid bets an improving economic will stoke loan demand.
Tiger Airways (TAHL.SI) reported a 90% rise in its passenger volume in February to 437,000 compared to a year ago, partly due to higher flight frequency. Its load factor rose to 85% from 79% in previous year.
Sembcorp Industries – Corporate moves
March 3rd, 2010 |
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Ang Kong Hua has been appointed independent director wef Feb 26
Work experience: ED, NSL Ltd
Sembcorp Industries gains 0.3%; EPS upgrades likely, says Morgan Stanley
February 26th, 2010 |
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Sembcorp Industries (U96.SG) is up 0.3% to over five-week high of $3.71 after better-than-expected 4Q09 earnings, 36.5% dividend rise.
But buying has not widespread as volume stays thin (volume has been dwindling since Tuesday), suggesting results partly priced in given unit SembMarine’s (S51.SG) strong 4Q09 performance earlier this week.
Still, some analysts hopeful Sembcorp can continue to deliver strong results.
Sembcorp Industries posts 157% rise in 4Q earnings to $259m
February 25th, 2010 |
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Sembcorp Industries reported a 157% growth in profit after tax and minority interest (PATMI) for the fourth quarter of 2009 (4Q2009).
In 4Q2009, group PATMI was $259 million compared to $100.8 million in 4Q2008, while turnover was $2.4 billion compared to $2.7 billion in 4Q2008.
For the full year ended December 31, 2009 (FY2009), group PATMI grew 35% from $507.1 million to $682.7 million, while turnover stood at $9.6 billion.
Sembcorp’s return on equity was a healthy 23%, while cash and cash equivalents stood at a strong $2.6 billion.
10 Industries We’d Like to See Google Get Into
February 22nd, 2010 |
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As the premier search company in the world, it wouldn’t be necessary for Google to branch out into other markets. The amount of revenue it derives from its core business easily climbs into the billions of dollars. Thanks to that, the company has little reason to compete in other areas of the tech industry where competition is fierce and opportunities to succeed are few and far between. But Google doesn’t care. The company has been making its way into several markets, including mobile phones, productivity suites and browsers. It recently announced that it’s planning to build a fiber network that would deliver 1G-bps Internet speeds to those connected to it. Google isn’t the kind of company that is content to stay put. The search giant has a tendency to shake things up in every market it enters. And these markets are in desperate need of some shaking up. This slide show looks at 10 other spaces where we’d love to see Google compete.
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Sembcorp Industries rated buy
November 25th, 2009 |
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DBS Vickers Securities in a Nov 23 research report says: “Sembcorp Industries (SCI) announced that its 60%-owned joint venture (JV), Sembcorp Salalah Power & Water Company (SSPW), has won the Salalah Independent Water and Power Project (IWPP) in Oman via an international bidding.
Nov 23: Cosco, Keppel, SembCorp Industries
November 23rd, 2009 |
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The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close.
Singapore’s Straits Times Index was little changed at 2,761.54 last Friday. Asian stocks are seen trading weaker on Monday following a soft session on Wall Street last Friday on worries about an anaemic recovery, while tech stocks could come under pressure after Dell (DELL.O) results missed expectation.
Sembcorp Industries in US$1b Oman JV deal
November 23rd, 2009 |
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Singapore’s Sembcorp Industries (SCIL.SI) has signed a joint venture deal with Oman Investment Corp to build a water and power project worth US$1 billion ($1.39 billion).
The joint venture company will build, own and operate the project in Oman with a 15-year contract to supply power and water to the Oman Power and Water Procurement Co, it said in a statement today.