Sembcorp Rises 2.6% on Privatization, Asset Sale Rumors

TigerNews SG

18 Mar

SEMBCORP INDUSTRIES LTD saw its shares climb on Tuesday (March 18) morning following a report on Monday that the company is conducting a strategic review of its business and may consider privatization or the sale of some assets.

At 9 a.m., the stock surged to an intraday high of S$6.40, up S$0.30 or 4.9% from the previous close, with approximately 750,800 shares traded. The stock last traded above this level on March 6.

Sembcorp's shares closed up 2.4% on Monday at S$6.10, a gain of S$0.14.

By 10:15 a.m., the stock had retreated to S$6.26, still up S$0.16 or 2.62%, with a trading volume of 1.8 million shares.

On Monday, a Bloomberg report cited "people familiar with the matter" as anonymous sources stating that the Temasek-backed company is working with a financial advisor to review its business. Bloomberg noted that the sources requested anonymity as the matter is not yet public.

In a filing to the exchange on Tuesday, Sembcorp responded to the report, stating that it "continuously reviews" its portfolio and "may, from time to time, work with external advisors to consider available options."

The company added that it would make necessary announcements if there are significant developments and cautioned shareholders to exercise caution when dealing with its shares.

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.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1138136795"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1138136795\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/1138136795?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-18 10:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1138136795","market":"sg","top_or_hot":-1,"title":"Sembcorp Rises 2.6% on Privatization, Asset Sale Rumors","media":"TigerNews SG","content":"<html><head></head><body><p> <a href=\"https://laohu8.com/S/U96.SI\">SEMBCORP INDUSTRIES LTD</a> saw its shares climb on Tuesday (March 18) morning following a report on Monday that the company is conducting a strategic review of its business and may consider privatization or the sale of some assets.</p><p>At 9 a.m., the stock surged to an intraday high of S$6.40, up S$0.30 or 4.9% from the previous close, with approximately 750,800 shares traded. The stock last traded above this level on March 6.</p><p>Sembcorp&#39;s shares closed up 2.4% on Monday at S$6.10, a gain of S$0.14.</p><p>By 10:15 a.m., the stock had retreated to S$6.26, still up S$0.16 or 2.62%, with a trading volume of 1.8 million shares.</p><p>On Monday, a Bloomberg report cited &#34;people familiar with the matter&#34; as anonymous sources stating that the Temasek-backed company is working with a financial advisor to review its business. Bloomberg noted that the sources requested anonymity as the matter is not yet public.</p><p>In a filing to the exchange on Tuesday, Sembcorp responded to the report, stating that it &#34;continuously reviews&#34; its portfolio and &#34;may, from time to time, work with external advisors to consider available options.&#34;</p><p>The company added that it would make necessary announcements if there are significant developments and cautioned shareholders to exercise caution when dealing with its shares.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4541d835ab6fe33a5047b8057784bacd\" tg-width=\"896\" tg-height=\"594\"/></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sembcorp Rises 2.6% on Privatization, Asset Sale Rumors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSembcorp Rises 2.6% on Privatization, Asset Sale Rumors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1050470178\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/f17a9a7b68c877792d5e556261e9e709);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TigerNews SG </p>\n<p class=\"h-time\">2025-03-18 10:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p> <a href=\"https://laohu8.com/S/U96.SI\">SEMBCORP INDUSTRIES LTD</a> saw its shares climb on Tuesday (March 18) morning following a report on Monday that the company is conducting a strategic review of its business and may consider privatization or the sale of some assets.</p><p>At 9 a.m., the stock surged to an intraday high of S$6.40, up S$0.30 or 4.9% from the previous close, with approximately 750,800 shares traded. The stock last traded above this level on March 6.</p><p>Sembcorp&#39;s shares closed up 2.4% on Monday at S$6.10, a gain of S$0.14.</p><p>By 10:15 a.m., the stock had retreated to S$6.26, still up S$0.16 or 2.62%, with a trading volume of 1.8 million shares.</p><p>On Monday, a Bloomberg report cited &#34;people familiar with the matter&#34; as anonymous sources stating that the Temasek-backed company is working with a financial advisor to review its business. Bloomberg noted that the sources requested anonymity as the matter is not yet public.</p><p>In a filing to the exchange on Tuesday, Sembcorp responded to the report, stating that it &#34;continuously reviews&#34; its portfolio and &#34;may, from time to time, work with external advisors to consider available options.&#34;</p><p>The company added that it would make necessary announcements if there are significant developments and cautioned shareholders to exercise caution when dealing with its shares.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4541d835ab6fe33a5047b8057784bacd\" tg-width=\"896\" tg-height=\"594\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"U96.SI","symbol_name":"胜科工业","start_time":0,"source_url":"","article_id":"1138136795","we_media_id":"1050470178","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138136795","pubTimestamp":1742263919,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"TigerNews SG","introduction":"Providing stock market headlines, business news, financials and earnings","home_visible":1,"id":"1050470178","head_image":"https://community-static.tradeup.com/news/f17a9a7b68c877792d5e556261e9e709"},"summary":" $SEMBCORP INDUSTRIES LTD(U96.SI)$ saw its shares climb on Tuesday (March 18) morning following a report on Monday that the company is conducting a strategic review of its business and may consider pr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"U96.SI":"胜科工业"},"translate_title":"胜科因私有化和资产出售传闻上涨2.6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"U96.SI":1.1},"content_text":"SEMBCORP INDUSTRIES LTD saw its shares climb on Tuesday (March 18) morning following a report on Monday that the company is conducting a strategic review of its business and may consider privatization or the sale of some assets.At 9 a.m., the stock surged to an intraday high of S$6.40, up S$0.30 or 4.9% from the previous close, with approximately 750,800 shares traded. The stock last traded above this level on March 6.Sembcorp's shares closed up 2.4% on Monday at S$6.10, a gain of S$0.14.By 10:15 a.m., the stock had retreated to S$6.26, still up S$0.16 or 2.62%, with a trading volume of 1.8 million shares.On Monday, a Bloomberg report cited \"people familiar with the matter\" as anonymous sources stating that the Temasek-backed company is working with a financial advisor to review its business. Bloomberg noted that the sources requested anonymity as the matter is not yet public.In a filing to the exchange on Tuesday, Sembcorp responded to the report, stating that it \"continuously reviews\" its portfolio and \"may, from time to time, work with external advisors to consider available options.\"The company added that it would make necessary announcements if there are significant developments and cautioned shareholders to exercise caution when dealing with its shares.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"event","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}