SGX:U96

Sembcorp Industries Terminates Acquisition of Philippine-Based Puente Al Sol

Sembcorp Industries (SGX:U96) has decided to terminate its proposed acquisition of a 100% stake in Philippine-based Puente Al Sol, citing unfavorable market conditions and evolving strategic priorities, according to a Wednesday filing to the Singapore Exchange.In January 2025, Sembcorp, through its wholly-owned subsidiary Sembcorp Energy Philippines, agreed to acquire 100% of the shares in Puente Al Sol for SG$105 million from CleanCurrent Renewable Energy.The renewable energy company's shares were down nearly 1% in recent trade.

Sembcorp Industries India Unit Files Draft Prospectus for Potential India IPO

Sembcorp Industries (SGX:U96) subsidiary, Sembcorp Green Infra, has filed a draft prospectus for a potential initial public offering of its shares in India, according to a Thursday filing with the Singapore Exchange.The draft prospectus was filed with the Securities and Exchange Board of India, the National Stock Exchange of India and BSE.The energy and urban development company said the potential listing remains subject to market conditions, regulatory and internal approvals and other factors.

Market Chatter: Sembcorp Industries Eyeing $500 Million IPO of India Unit

Sembcorp Industries (SGX:U96) is preparing to file for an initial public offering of Sembcorp Green Infra, its Indian unit, planning to raise around $500 million, Bloomberg report Monday, citing people familiar with the matter.The energy and urban solutions provider is slated to submit draft documents this month, the report added.The company is said to be working with multiple advisors on the proposed share sale, with size and structure of the deal could change, the report added.This will be the Indian unit's second attempt to go public, after initially withdrawing from a 2018 application, the report noted.Sembcorp Green has more than 75 renewable energy assets across 18 states and boasts 7.6 gigwatts of capacity, the report said.Sembcorp Industries did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Sembcorp Industries' Consolidated Profit Plunges 72% in H1

Sembcorp Industries' (SGX:U96) attributable consolidated profit shrank 72% to SG$150 million in the first six months of 2026 from SG$536 million a year ago, according to a Thursday filing to the Singapore stock exchange.Earnings per share also contracted 72% to SG$0.0836 from SG$0.2973 a year earlier, the renewable energy company said, attributing the decline to weaker wind and solar output in the renewables segment and lower margins in Singapore power operations.Revenue in the six months ended June 30, however, rose 28% year over year to SG$3.77 billion from SG$2.94 billion a year ago.The company's board declared an interim dividend of SG$0.11 per share, an increase from SG$0.09 per share a year earleir, to be paid on Sept. 4.The group expects underlying net profit for the second half of 2026 to be higher than the first half, driven by earnings from its gas and related services segment.The acquisition of Alinta, completed in June, is also expected to strengthen the group's earnings base and increase the proportion of recurring cash flows over time. Renewables segment earnings are expected to be seasonally lower in the second half of 2026, the company said.Shares of the company fell 3.5% in early-morning trade on Thursday.

Sembcorp Industries Unit Secures Electricity Import Approval in Singapore

Sembcorp Industries' (SGX:U96) Sembcorp Utilities secured conditional approval from Singapore's Energy Market Authority to import 300 megawatts of electricity from Peninsular Malaysia.The approval is part of a broader EMA grant that covers 900 MW of imports, with the remaining 600 MW awarded to Southern Solar Alliance, according to a statement from the regulator on Friday.Both Sembcorp and Southern Solar are looking to start commercial operations around 2029.

Sembcorp Industries Compeltes Alinta Energy Acquisition

Sembcorp Industries (SGX:U96) completed the AU$6.5 billion purchase of Australia-based Alinta Energy from Chow Tai Fook Enterprises, an affiliate of Hong Kong-listed Chow Tai Fook Jewellery Group (HKG:1929), according to a Thursday filing with the Singapore Exchange.The move aims to strengthen Sembcorp's growth in Australia, the firm previously said.

Sembcorp Industries Concludes Acquisitions of 2 Companies

Sembcorp Industries (SGX:U96) completed the acquisitions of shares in Pioneer Sail Holdings and Latrobe Valley Power (Holdings), through indirect Australian subsidiaries, Sembcorp Australia and Sembcorp Energy Australia, according to a Thursday Singapore bourse disclosure.

Maybank Securities Adjusts Sembcorp Industries' Price Target to SG$6 from SG$5.60, Keeps at Hold

Sembcorp Industries (SGX:U96) has an average rating of overweight and mean price target of SG$7.09, according to analysts polled by FactSet.

Sembcorp Industries Awards 59,000 Shares to Company Directors

Sembcorp Industries (SGX:U96) awarded 59,000 shares, worth SG$347,548, to non-executive directors under the restricted share plan, according to a Tuesday bourse filing.The shares represent 30% of the directors' fees for the 2025 period.

Singapore Shares Close Lower; TSH Resources Slides 7%

Singapore shares ended lower on Wednesday amid mounting inflation concerns as elevated oil prices, driven by the ongoing U.S.-Iran stalemate, weighed on investor sentiment.The Straits Times Index ranged between 5,024.99 and 5,069.45 throughout the day. It ended the session down by 27.43 points, or 0.5%, to close at 5,044.91.On the corporate front, Singapore-listed shares of TSH Resources (SGX:TSH, KLSE:TSH) fell 7% at the close after the palm oil company reported a 56% decline in its attributable profit to 21.3 million ringgit from 48.2 million ringgit a year earlier.TrickleStar (SGX:CYW) closed 3% lower as it was granted in-principle approval by the SGX-ST for the listing and quotation of 79.1 million shares.Meanwhile, shares of Sembcorp Industries (SGX:U96) were up nearly 1% after its subsidiary, Sembcorp Energy UK, signed a joint development agreement to deliver the first phase of a new data center development at the Wilton International site in Teeside, UK.

Sembcorp Industries Unit to Deliver Phase 1 of UK Data Center

Sembcorp Industries' (SGX:U96) subsidiary, Sembcorp Energy UK, signed a joint development agreement to deliver the first phase of a new data center development at the Wilton International site in Teeside, UK, according to a company release late Tuesday.The development is in partnership with Digital Reef, a UK-based data center and digital infrastructure firm.The initial phase of the development will provide up to 280 megawatts of capacity and will help with high-performance computing, AI and machine learning outputs.Construction is expected to commence later this year, the release said.

UOB Kay Hian Adjusts Sembcorp Industries' Price Target to SG$8.06 from SG$7.10, Keeps at Buy