, Singapore

Singapore power sector's weakness now hurt Sembcorp Industries less

Impact to utilities business now only accounts for 16% of profits.

Brokerage firm MayBank KimEng is expecting power oversupply to likely persist till 2018 as Singapore gencos have generally overcommitted to gas supplies. It noted however that the impact to Sembcorp Industries' earnings is only minimal.

According to MayBank KimEng, the impact from the Singapore power segment has greatly diminished since 2013.

It used to account for almost half of SCI utilities’ net profits back then. By 2Q16, this had shrivelled to 16%, which means further weakness should now hurt utilities less, it said.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.