CGSI Expects Sembcorp’s 1HFY2025 Results To Increase By 23% Y-O-Y Due To SembEnviro; Ups Target Price To $8.54

Edge
Jul 17

CGS International (CGSI) analysts Lim Siew Khee and Meghana Kande have maintained their “add” call on Sembcorp Industries (Sembcorp) with an increased target price of $8.54 from $8.14 in a July 16 report.

Lim and Kande’s target price is pegged to 13 times calendar year (CY) 2026 in line with regional peers as well as MSCI Singapore’s trading valuations.

Ahead of Sembcorp’s 1HFY2025 ended June 30 results, slated to be announced on Aug 8, the analysts forecast the group’s core net profit to grow by 6% y-o-y and 16% h-o-h to $566 million, boosted by the 5.5 months’ inclusion of its 30% stake in Senoko Energy.

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