OCBC Investment Research has kept its "buy" call on Sembcorp Industries, along with a raised fair value of $8.45 from $7.40 previously.
In its July 14 report, OCBC notes that SCI's share price has gained 35% year to date, outpacing the STI, which has reached a new high with its 8% gain in the same period.
"We attribute SCI’s strong share price performance year to date to stable growth outlook, healthy dividend and payout growth, and strategic renewables expansion," says OCBC.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.