News

Energy & Offshore

Staff Reporter

, Singapore

Published:

3 years ago

245 views

The Sembcorp Energy Storage System (ESS) is Southeast Asia’s largest ESS and is the fastest in the world of its size to be deployed. /Sembcorp Industries

Sembcorp Industries’ long-term contracts show optimism: broker

This despite concerns on its earnings tapering off.

Sembcorp Industries received a “buy” call with an increased target price of $4.35 amidst its growth prospects, Maybank Securities said.

The firm reported a net profit of $848m, 204% increase year-on-year (YoY), which surpassed estimates.

This is due to the company’s renewables segment that surpassed expectations, with a net profit soaring 150% YoY.

The company achieved its renewables target of 10GW well ahead of schedule.

Disclaimer: The photo has been revised due to a previous error in uploading.

Follow the link for more news on

Sembcorp Industries

marine

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia