Stock Track | Sembcorp Industries Soars 3.08% Intraday on Positive Analyst View for Oil Price Exposure

Stock Track
Mar 30

Sembcorp Industries' stock surged 3.08% during Monday's intraday trading session, showing strong positive momentum.

The move follows a positive analyst note highlighting the company's favorable positioning. According to Citi analyst Luis Hilado, Sembcorp Industries offers one of the best balanced exposures to "higher-for-longer" oil prices among Singapore industrial companies. The energy and urban solutions provider faces limited risk from rising energy costs as its long-term gas contracts remain intact until at least 2028.

Furthermore, the company is well-positioned to pass on higher costs to its customers while simultaneously benefiting from the continued growth in its renewable-energy portfolio. This combination of defensive contracts and growth potential in renewables appears to have driven investor confidence during the session.

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