Sembcorp Industries – Equity fundraising ruled out | SGX Company Insights | Ep 69
In this episode, Phillip Securities Research's Senior Analyst, Terence Chua, will be covering Sembcorp Industries – Equity fundraising ruled out and maintained BUY recommendation..
Sembcorp Industries (SCI) announced the acquisition of 830MW of renewable assets in China through a joint venture with State Power Investment Corporation (SPIC).
The acquisition of BEI Energy and Vector Green will be accretive to earnings and diversifies the Group’s presence from north western China.
Management ruled out equity funding to finance spate of acquisitions. We believe the latest clarification will allay…
The skinny
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