 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
        
                    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.
 
  
                     
  
                     
                                       
                                       
                                       
                                       
                                                           
                                                           
                                                           
                                                           
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                             
                             
                     
                             
                             
                     
                             
                             
                     
                             
                 
                 
                 
                 
                 
                 
                