Sembcorp Industries Set to Benefit From Acquisition Completion -- Market Talk

Dow Jones
04/17

0500 GMT - Sembcorp Industries stands to benefit from completion of its Alinta Energy acquisition, which is expected to be completed by end-1H, UOB Kay Hian's Adrian Loh says in a research report. Given the expected inclusion of Alinta Energy's 3.4 gigawatts of installed and contracted generating assets on the east and west coasts of Australia, the brokerage raises its 2026-2028 earnings forecasts for Sembcorp Industries by 16%-25%. Also, there'll be no equity fundraising, as the acquisition is entirely debt-funded, so existing shareholders face zero dilution while receiving full earnings uplift from first day of completion. The brokerage raises the stock's target price to S$8.06 from S$7.10 with an unchanged buy rating. Shares are 0.85% lower at S$7.02. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

April 17, 2026 01:00 ET (05:00 GMT)

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