1,022 Followers SGX:U96 - Sembcorp Ind (SGD 1.9) SEMBCORP INDUSTRIES LTD
Sector: Industrial Services, Industry: Engineering & Construction
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7 Aug 2020

4 days ago

Sembcorp Industries, Sembmarine respond to shareholder queries


Both firms assured that the demerger deal is in the best interests of shareholders. Sembcorp Industries (SCI) and Sembcorp Marine have answered to questions sought by their shareholders regarding their demerge deal, encouraging shareholders to submit their proxy forms to vote in favour of the resolutions ...

Singapore Business Review

6 Aug 2020

4 days ago

Stocks to watch: DBS, UOB, Wilmar, Sembcorp, Sembmarine, Singtel


THE following companies saw new developments that may affect trading of their securities on Thursday: DBS: DBS on Thursday posted a 22 per cent fall in second-quarter net profit, dragged by further provisions and flat total income. Shares of DBS closed on Wednesday at S$19.83, up S$0.14 or 0.7 per cent. ...

The Business Times

4 days ago

Stocks to watch: DBS, UOB, Wilmar, Sembcorp, Sembmarine, Singtel


THE following companies saw new developments that may affect trading of their securities on Thursday: DBS: DBS on Thursday posted a 22 per cent fall in second-quarter net profit, dragged by further provisions and flat total income. Shares of DBS closed on Wednesday at S$19.83, up S$0.14 or 0.7 per cent. ...

The Business Times

4 days ago

Sembcorp Industries, Sembmarine respond to shareholder queries


Both firms assured that the demerger deal is in the best interests of shareholders. Sembcorp Industries (SCI) and Sembcorp Marine have answered to questions sought by their shareholders regarding their demerge deal, encouraging shareholders to submit their proxy forms to vote in favour of the resolutions ...

Singapore Business Review

30 Jul 2020

11 days ago

Singapore shares fall at open as banks lead losses; STI down 0.2%


SINGAPORE stocks opened slightly weaker on Thursday as banks and real estate investment trusts begin the morning in negative territory, partially offset by stronger openings from other large-cap companies. Singapore's Straits Times Index (STI) headed down 0.2 per cent or 6.17 points to 2,567.28 as at ...

The Business Times

11 days ago

Singapore shares fall at open as banks lead losses; STI down 0.2%


SINGAPORE stocks opened slightly weaker on Thursday as banks and real estate investment trusts begin the morning in negative territory, partially offset by stronger openings from other large-cap companies. Singapore's Straits Times Index (STI) headed down 0.2 per cent or 6.17 points to 2,567.28 as at ...

The Business Times

11 days ago

Stocks to watch: SIA, Singapore banks, Sheng Siong, Hongkong Land, Sembcorp, Japfa


THE following companies saw new developments that may affect trading of their securities on Thursday: Singapore Airlines (SIA): The flag carrier plunged deep into the red for its first quarter ended June 30 with a S$1.12 billion net loss, versus a net profit of S$111 million a year ago, due to weaker ...

The Business Times

11 days ago

Stocks to watch: SIA, Singapore banks, Sheng Siong, Hongkong Land, Sembcorp, Japfa


THE following companies saw new developments that may affect trading of their securities on Thursday: Singapore Airlines (SIA): The flag carrier plunged deep into the red for its first quarter ended June 30 with a S$1.12 billion net loss, versus a net profit of S$111 million a year ago, due to weaker ...

The Business Times

29 Jul 2020

12 days ago

Sinohydro clinches $449.6m Tuas Water Reclamation Plant bid


It is the fourth major Tuas WRP construction contract awarded by PUB. PUB has appointed Sinohydro Corporation Limited (Singapore Branch) to construct the civil and structural components of Domestic Liquids Modules (DLMs) for the Tuas Water Reclamation Plant (WRP) for $449.6m, a press release stated. ...

Singapore Business Review

23 Jul 2020

18 days ago

Sembmarine-built Sleipnir breaks records at the Jotun Field


The new record was for the largest single lift jacket removal. Sembcorp Marine-built and Heerema Marine Contractors-owned SSCV Sleipnir has set a new record for lifting an 8,100-tonne jacket in a single lift on July 11 at an offshore platform decommissioning project in the Jotun field, located in the ...

Singapore Business Review

18 days ago

SCM and SCI responds to SIAS' queries on demerger deal


Both firms assure that the proposed rights issue is more than an “accounting treatment”. Sembcorp Marine (SCM) and Sembcorp Industries (SCI) have responded to questions from the Securities Investors Association (Singapore) (SIAS), who noted that the two firms’ demerger deal could be just an “accounting ...

Singapore Business Review

18 days ago

Sembmarine independent shareholders have deciding say in 'critical' SCI deal


Singapore SEMBCORP Marine (SMM) has emphasised that its independent shareholders will decide whether a proposed rights issue involving parent Sembcorp Industries (SCI) proceeds. This is because the independent shareholders will be the only ones voting on a whitewash resolution that... To continue reading ...

The Business Times

22 Jul 2020

19 days ago

Sembmarine's Sleipnir breaks records at the Jotun Field


The new record was for the largest single lift jacket removal. Sembcorp Marine-built SSCV Sleipnir has set a new record for lifting an 8,100-tonne jacket in a single lift on July 11 at an offshore platform decommissioning project in the Jotun field, located in the Norwegian North Sea, according to an ...

Singapore Business Review

19 days ago

Sembcorp Industries Defers its Interim Dividend: Can the Company Find Its Mojo Again?


Sembcorp Industries Limited (SGX: U96), or SCI, released its first half 2020 earnings last week. It wasn’t pretty. The diversified energy, marine and urban development conglomerate saw a 27% a year on year decline in revenue and posted a net loss of S$131 million. Excluding exceptional items, net profit ...

thesmartinvestorsgx:u96

20 Jul 2020

21 days ago

Singapore stocks open flat on Monday


SINGAPORE shares struggled to advance at the start of the week, with the key Straits Times Index inching up 0.02 point to 2,618.50 as at 9.02am on Monday. This comes after Singapore stocks similarly drifted through most of Friday, after a dull, directionless session. On the Singapore bourse, gainers ...

The Business Times

21 days ago

Singapore stocks open flat on Monday


SINGAPORE shares struggled to advance at the start of the week, with the key Straits Times Index inching up 0.02 point to 2,618.50 as at 9.02am on Monday. This comes after Singapore stocks similarly drifted through most of Friday, after a dull, directionless session. On the Singapore bourse, gainers ...

The Business Times

21 days ago

Stocks to watch: Sembcorp, SIAEC, Yangzijiang, Thomson Medical, CDLHT, EC World Reit


THE following companies saw new developments that may affect trading of their securities on Monday: Sembcorp Industries: A bleeding marine segment following an oil slump and substantial impairments of energy assets dragged the conglomerate's first-half showing into the red, with a net loss of S$131 million ...

The Business Times

21 days ago

Sembcorp Industries posts $131m net loss in H1 2020


It recorded exceptional items amounting to a negative $191m. Sembcorp Industries reversed to a $131m net loss in H1 2020, from a $191m profit in H1 2019, the company announced. At the same time, profit slipped 27% YoY to $3.52b, from $4.85b in the first half of 2019. The impact of the pandemic on the ...

Singapore Business Review

21 days ago

Stocks to watch: Sembcorp, SIAEC, Yangzijiang, Thomson Medical, CDLHT, EC World Reit


THE following companies saw new developments that may affect trading of their securities on Monday: Sembcorp Industries: A bleeding marine segment following an oil slump and substantial impairments of energy assets dragged the conglomerate's first-half showing into the red, with a net loss of S$131 million ...

The Business Times

18 Jul 2020

23 days ago

SCI posts S$131m losses in H1, dragged by weak marine business, huge impairments


A BLEEDING marine segment, as well as substantial impairments of investments and assets dragged Sembcorp Industries’ (SCI) first half showing into the red, further strengthening the case for the proposed demerger of the conglomerate and Sembcorp Marine, its top executives have said. SCI’s group president ...

The Business Times

24 days ago

SCI posts S$131m losses in H1, dragged by weak marine business, huge impairments


A BLEEDING marine segment, as well as substantial impairments of investments and assets dragged Sembcorp Industries’ (SCI) first half showing into the red, further strengthening the case for the proposed demerger of the conglomerate and Sembcorp Marine, its top executives have said. SCI’s group president ...

The Business Times

16 Jul 2020

25 days ago

Stocks to watch: SIA, Genting, SGX, Sembcorp Industries, Sembmarine, Biolidics


THE following companies saw new developments that may affect trading of their securities on Thursday: Singapore Airlines (SIA): SIA flew just 13,900 passengers in June 2020, down from nearly 1.9 million the same period a year ago. The group is now expecting a material operating loss for the first quarter ...

The Business Times

25 days ago

Stocks to watch: SIA, Genting, SGX, Sembcorp Industries, Sembmarine, Biolidics


THE following companies saw new developments that may affect trading of their securities on Thursday: Singapore Airlines (SIA): SIA flew just 13,900 passengers in June 2020, down from nearly 1.9 million the same period a year ago. The group is now expecting a material operating loss for the first quarter ...

The Business Times

25 days ago

Sembcorp Marine posts $192m net loss in H1


The group’s revenue declined 41.2% over the same period. Sembcorp Marine (SembMarine) posted a net loss of $192m in H1, following the shutdown of production activities at all its Singapore yards since April, according to a filing. This was a severe deterioration compared with the net loss of $7m for ...

Singapore Business Review

25 days ago

Singapore shares muted at Thursday's open; STI up 0.03%


SINGAPORE stocks were little changed on Thursday after Wall Street stocks finished Wednesday stronger on vaccine hopes. Singapore's Straits Times Index was up 0.03 per cent or 0.74 point to 2,649.64 as at 9.04am. Gainers outnumbered losers 79 to 47, after 50.3 million securities worth S$56.5 million ...

The Business Times

25 days ago

Sembcorp sells 30% stake in innovation park developer for $138m


Its JV will hold 20% stake in the developer after disposal. A joint venture (JV) company of Sembcorp Development, the urban business of Sembcorp Industries, has agreed to sell a 30% equity interest in Sino-Singapore (Chengdu) Innovation Park Development (SSCIP) for $138.3m (RMB691.3m), according to a ...

Singapore Business Review

15 Jul 2020

26 days ago

Singapore shares open higher on Wednesday, tracking Wall Street rally; STI up 1%


SINGAPORE shares opened stronger on Wednesday, tracking a Wall Street rally overnight, with the benchmark Straits Times Index (STI) rising 26.19 points or 1 per cent to 2,646.38 as at 9.01am. The STI ended lower on Tuesday, as sentiment was dampened by advanced estimates that showed Singapore's second-quarter ...

The Business Times

26 days ago

Stocks to watch: Biolidics, Frasers Property, Sembcorp, GuocoLand, Sri Trang Agro


THE following companies saw new developments that may affect trading of their securities on Wednesday: Biolidics: The Catalist-listed firm on Tuesday night said it has inked a five-year licence agreement with the commercialisation arm of the Agency for Science, Technology and Research. Biolidics plans ...

The Business Times

26 days ago

Stocks to watch: Biolidics, Frasers Property, Sembcorp, GuocoLand, Sri Trang Agro


THE following companies saw new developments that may affect trading of their securities on Wednesday: Biolidics: The Catalist-listed firm on Tuesday night said it has inked a five-year licence agreement with the commercialisation arm of the Agency for Science, Technology and Research. Biolidics plans ...

The Business Times

13 Jul 2020

28 days ago

Stocks to watch: CDL, SATS, ART, Singtel, Cromwell E-Reit, OCBC, Sembmarine


THE following companies saw new developments that may affect trading of their securities on Monday: City Developments Limited: The group on Monday said it expects its pre-tax profit for the first half this year to "reduce substantially" from a year ago, dragged by its hotel operations segment amid the ...

The Business Times

28 days ago

Stocks to watch: CDL, SATS, ART, Singtel, Cromwell E-Reit, OCBC, Sembmarine


THE following companies saw new developments that may affect trading of their securities on Monday: City Developments Limited: The group on Monday said it expects its pre-tax profit for the first half this year to "reduce substantially" from a year ago, dragged by its hotel operations segment amid the ...

The Business Times

28 days ago

Sembcorp Marine, GE clinch contract for North Sea wind farm


Both companies to start the early design works this month. Sembcorp Marine and GE Renewable Energy's Grid Solutions were chosen by UK's RWE to supply electrical transmission systems for Sofia Offshore Wind Farm, one of the world’s largest offshore wind farm projects, according to an announcement. Both ...

Singapore Business Review

6 Jul 2020

35 days ago

Sembcorp Industries unit forms JV with Japanese property firm


Sembcorp Infra Holdings was incorporated with an issued capital of $139,267. Sembcorp Development, a wholly-owned urban business of Sembcorp Industries, formed a joint venture (JV) with Japanese property firm CRE Asia, a press release revealed. Sembcorp Development owns 70% of JV unit Sembcorp Infra ...

Singapore Business Review

3 Jul 2020

38 days ago

Temasek Holdings to delay annual reporting to September, says CEO Ho


SINGAPORE (July 2): Temasek Holdings typically reports its annual results in July but because of the Covid-19 outbreak which has disrupted business operations all over the world, many of its portfolio companies have postponed the reporting of their results. As such, Temasek Holdings will delay its own ...

The Edge Markets

38 days ago

Stocks to watch: UOB, Sembcorp, DBS, OCBC, Halcycon Agri, Q&M Dental, Hatten Land


THE following companies saw new developments that may affect trading of their securities on Friday: United Overseas Bank (UOB): Singapore's third-largest retail bank will from Aug 1 lower all rates on its UOB One account for account balances up to S$75,000. The counter ended Thursday at S$20.65, up S$0.30 ...

The Business Times

38 days ago

Stocks to watch: UOB, Sembcorp, DBS, OCBC, Halcycon Agri, Q&M Dental, Hatten Land


THE following companies saw new developments that may affect trading of their securities on Friday: United Overseas Bank (UOB): Singapore's third-largest retail bank will from Aug 1 lower all rates on its UOB One account for account balances up to S$75,000. The counter ended Thursday at S$20.65, up S$0.30 ...

The Business Times

2 Jul 2020

39 days ago

Sembcorp Industries forms joint venture company with CRE Asia; increases share capital in Sembcorp Infra Services


SINGAPORE (July 2): Sembcorp Industries’ wholly-owned urban business Sembcorp Development and Japanese property firm CRE Asia has formed a joint venture company, Sembcorp Infra Holdings (SIH), on Thursday. SIH is the direct holding company of an existing entity, Sembcorp Infra Services (SIS). SIS has ...

The Edge Markets

39 days ago

Temasek Holdings to delay annual reporting to September, says CEO Ho


SINGAPORE (July 2): Temasek Holdings typically reports its annual results in July but because of the Covid-19 outbreak which has disrupted business operations all over the world, many of its portfolio companies have postponed the reporting of their results. As such, Temasek Holdings will delay its own ...

The Edge Markets

39 days ago

vincent86 bought SEMBCORP IND


Date: 2 Jul 2020
Price: SGD 1.82
Shares: 3,000
Total: SGD 5,460

1 Jul 2020

40 days ago

Stocks to watch: Frasers Centrepoint Trust, Keppel, Sembcorp, Perennial, SPH, ESR-Reit


THE following companies saw new developments that may affect trading of their securities on Wednesday: Frasers Centrepoint Trust (FCT): The trust is acquiring an additional 12.07 per cent stake in PGIM Real Estate Asia Retail Fund for S$197.2 million, in line with plans to bolster its presence in Singapore's ...

The Business Times

40 days ago

Sembcorp completes acquisition of Veolia’s public cleaning business for $19.2 mil


SINGAPORE (June 30): Sembcorp Industries (Sembcorp)‘s wholly-owned subsidiary SembWaste, announced the completion of its acquisition. The acquisition will see Sembcorp own a 100% equity interest in Veolia ES Singapore (VESS), and the public cleaning business of Veolia ES Singapore Industrial (VESSI) ...

The Edge Markets

40 days ago

Stocks to watch: Frasers Centrepoint Trust, Keppel, Sembcorp, Perennial, SPH, ESR-Reit


THE following companies saw new developments that may affect trading of their securities on Wednesday: Frasers Centrepoint Trust (FCT): The trust is acquiring an additional 12.07 per cent stake in PGIM Real Estate Asia Retail Fund for S$197.2 million, in line with plans to bolster its presence in Singapore's ...

The Business Times

40 days ago

Singapore shares open higher on Wednesday; STI up 0.8%


SINGAPORE stocks rose on Wednesday morning, tracking US gains overnight. The benchmark Straits Times Index (STI) moved up by 0.8 per cent or 20.44 points to 2,610.35 as at 9.11am. Gainer outnumbered losers 146 to 45, after 180.4 million securities worth S$90.8 million changed hands. Among the most active ...

The Business Times

40 days ago

Singapore shares rise on better economic data, STI up 0.6%


SINGAPORE shares ended in positive territory on Tuesday, tracking Wall Street’s overnight gains on the back of better-than-expected economic data. The Straits Times Index (STI) ended the day at 2,589.91 points, up 15.81 points or 0.6 per cent. Advancers outpaced decliners 236 to 193, as 2.34 billion ...

The Business Times

30 Jun 2020

41 days ago

Singapore shares rise on better economic data, STI up 0.6%


SINGAPORE shares ended in positive territory on Tuesday, tracking Wall Street’s overnight gains on the back of better-than-expected economic data. The Straits Times Index (STI) ended the day at 2,589.91 points, up 15.81 points or 0.6 per cent. Advancers outpaced decliners 236 to 193, as 2.34 billion ...

The Business Times

42 days ago

Bourse's six top stocks outpace STI in Q2


Wilmar leads the pack with a 29% return. Excluding REITS, the Straits Times Index’s (STI) six best performers clinched an average total return of 21% so far in Q2, according to an SGX report. This figure has outperformed the STI’s average total return of 6% over the same period. Wilmar leads the pack ...

Singapore Business Review

29 Jun 2020

42 days ago

Bourse's six top stocks outpace STI in Q2


Wilmar leads the pack with a 29% return. Excluding REITS, the Straits Times Index’s (STI) six best performers clinched an average total return of 21% so far in Q2, according to an SGX report. This figure has outperformed the STI’s average total return of 6% over the same period. Wilmar leads the pack ...

Singapore Business Review

16 Jun 2020

55 days ago

A Useful Observation For Sembcorp Industries Shareholders: The Troubling State Of Its Energy Business


Sembcorp Industries (SGX: U96) dominated the business headlines in Singapore last week. The utilities and marine engineering conglomerate announced on 8 June 2020 that it would be completely spinning off its marine engineering arm – Sembcorp Marine (SGX: S51) – through a complex deal. As part of the ...

serjingsgx:s51sgx:u96

15 Jun 2020

56 days ago

Stocks to watch: Keppel, Perennial, Lendlease Global Reit, CapitaLand, Union Gas


THE following companies saw new developments that may affect trading of their securities on Monday: Keppel Corp: Keppel’s Alpha Investment Partners, Manulife's Asuransi Jiwa Manulife Indonesia and Mega Manunggal Property have entered into a new venture focusing on Indonesia's logistics property sector. ...

The Business Times

56 days ago

Stocks to watch: Keppel, Perennial, Lendlease Global Reit, CapitaLand, Union Gas


THE following companies saw new developments that may affect trading of their securities on Monday: Keppel Corp: Keppel’s Alpha Investment Partners, Manulife's Asuransi Jiwa Manulife Indonesia and Mega Manunggal Property have entered into a new venture focusing on Indonesia's logistics property sector. ...

The Business Times

12 Jun 2020

59 days ago

Singapore shares continue slide from Asia rout; STI down 3.4% at Friday's open


SINGAPORE stocks opened sharply lower on Friday, after dropping 3.4 per cent at Thursday's close, alongside a dismal showing by the rest of Asia's key indices following a dour economic outlook announced by the US Federal Reserve. The benchmark Straits Times Index (STI) fell 3.4 per cent or 92.2 points ...

The Business Times

59 days ago

Singapore shares continue slide from Asia rout; STI down 3.4% at Friday's open


SINGAPORE stocks opened sharply lower on Friday, after dropping 3.4 per cent at Thursday's close, alongside a dismal showing by the rest of Asia's key indices following a dour economic outlook announced by the US Federal Reserve. The benchmark Straits Times Index (STI) fell 3.4 per cent or 92.2 points ...

The Business Times

59 days ago

cronoficator sold SEMBCORP IND


Date: 12 Jun 2020
Price: SGD 1.97

11 Jun 2020

60 days ago

Sembcorp Ind (SGX) - Most Mentions By Blog Posts


Sembcorp Ind (SGX) has been mentioned in 7 different blog posts in the last 14 days

60 days ago

Sembcorp Ind (SGX) - Most News Views


Sembcorp Ind (SGX) related news have been viewed 801 times in the last 7 days

60 days ago

SembCorp Industries (SCI) investment larger now.


There were a few comments from readers regarding the rights issue by SembMarine (SMM) and also how SembCorp Industries (SCI) would distribute its stake in SMM as dividends to SCI shareholders. Basically, SMM is issuing rights in a 5 for 1 rights issue priced at 20 cents per rights. Depending on the response ...

aksgx:u96

60 days ago

Daily Markets Briefing: STI up 0.23%


UOB led the gains amongst top active stocks with a 1.94% expansion. The Straits Times Index (STI) ended 6.4 or 0.23% higher at 2,800.57. The top active stocks were DBS, which inched up 0.48%, UOB, which increased 1.94%, Singtel, which slid 0.75%, Sembcorp Industries, which fell 2.39%, and SIA with a ...

Singapore Business Review

60 days ago

Singapore shares fall at Thursday's open after Fed announcement; STI down 1.1%


SINGAPORE stocks opened lower on Thursday after the US Federal Reserve confirmed that it will keep the benchmark interest rate at zero until recovery is underway. The benchmark Straits Times Index (STI) fell 1.1 per cent or 31.13 points to 2,796.44 as at 9.07am. Losers outnumbered gainers 117 to 55, ...

The Business Times

60 days ago

Singapore shares fall at Thursday's open after Fed announcement; STI down 1.1%


SINGAPORE stocks opened lower on Thursday after the US Federal Reserve confirmed that it will keep the benchmark interest rate at zero until recovery is underway. The benchmark Straits Times Index (STI) fell 1.1 per cent or 31.13 points to 2,796.44 as at 9.07am. Losers outnumbered gainers 117 to 55, ...

The Business Times

60 days ago

Daily Markets Briefing: STI up 0.23%


UOB led the gains amongst top active stocks with a 1.94% expansion. The Straits Times Index (STI) ended 6.4 or 0.23% higher at 2,800.57. The top active stocks were DBS, which inched up 0.48%, UOB, which increased 1.94%, Singtel, which slid 0.75%, Sembcorp Industries, which fell 2.39%, and SIA with a ...

Singapore Business Review

61 days ago

Singapore shares advance at Wednesday's open; STI up 0.5%


SINGAPORE shares rebounded on Wednesday morning, after losing some steam by the closing bell on Tuesday. The benchmark Straits Times Index (STI) gained 14.98 points or 0.5 per cent to 2,809.15 as at 9.01am. Gainers outnumbered losers 81 to 39, after about 42.6 million securities worth S$74.1 million ...

The Business Times

10 Jun 2020

61 days ago

STI up 0.23% as markets await FOMC meeting


THE Straits Times Index (STI) ended Wednesday at 2,800.57 points, registering a small gain of 0.23 per cent. Its performance was in line with its regional peers' range-bound trading ahead of the Federal Reserve meeting on Wednesday. Stephen Innes, Axicorp's chief global market strategist, said: "While ...

The Business Times

61 days ago

Should Investors Subscribe to SembCorp Marine’s Rights Issue?


In one of the most startling pieces of news to hit the oil and gas industry, SembCorp Industries (SGX: U96), or SCI, has announced a recapitalisation exercise for its subsidiary SembCorp Marine (SGX: S51), or SMM. The exercise is complex, involving both a rights issue to shore up SMM’s balance sheet, ...

thesmartinvestorsgx:s51sgx:u96

61 days ago

STI up 0.23% as markets await FOMC meeting


THE Straits Times Index (STI) ended Wednesday at 2,800.57 points, registering a small gain of 0.23 per cent. Its performance was in line with its regional peers' range-bound trading ahead of the Federal Reserve meeting on Wednesday. Stephen Innes, Axicorp's chief global market strategist, said: "While ...

The Business Times

61 days ago

Stocks to watch: DBS, OCBC, Singtel, China Everbright, Challenger, Procurri


THE following companies saw new developments that may affect trading of their securities on Wednesday: DBS: The bank is counting on its fixed-rate home loans to draw customers and analysts said that this move could still put DBS in a prime spot as the top mortgage bank in Singapore. DBS's latest fixed ...

The Business Times

61 days ago

Stocks to watch: DBS, OCBC, Singtel, China Everbright, Challenger, Procurri


THE following companies saw new developments that may affect trading of their securities on Wednesday: DBS: The bank is counting on its fixed-rate home loans to draw customers and analysts said that this move could still put DBS in a prime spot as the top mortgage bank in Singapore. DBS's latest fixed ...

The Business Times

61 days ago

Singapore shares advance at Wednesday's open; STI up 0.5%


SINGAPORE shares rebounded on Wednesday morning, after losing some steam by the closing bell on Tuesday. The benchmark Straits Times Index (STI) gained 14.98 points or 0.5 per cent to 2,809.15 as at 9.01am. Gainers outnumbered losers 81 to 39, after about 42.6 million securities worth S$74.1 million ...

The Business Times

61 days ago

Sembcorp Industries and Sembcorp Marine Rights Issue and Demerger – How To Make Sense Of Them


SIA just completed their rights issue. Now it is Sembcorp Marine’s (SGX:S51) turn. This deal is different from SIA’s as it involves a parent company, Sembcorp Industries (SGX:U96), and a demerger is happening if approved. Below is a quick explainer of the deal. Firstly, you need to know that the rights ...

drwealthsgx:s51sgx:u96

61 days ago

nickseven bought SEMBCORP IND


Date: 9 Jun 2020
Price: SGD 1.98
Shares: 1,000
Total: SGD 1,991.55

61 days ago

Daily Markets Briefing: STI down 0.1%


Sembcorp Industries led the gains amongst top active stocks with a 36.6% expansion The Straits Times Index ended 2.8 or 0.1% lower at 2,794.17. The top active stocks were DBS, which slipped 0.61%, Sembcorp Industries, which soared 36.6%, UOB, which remained flat, OCBC Bank, which inched down 0.62%, and ...

Singapore Business Review

61 days ago

STI loses steam, snaps six-session winning streak


THE Straits Times Index (STI) ran out of steam in mid-afternoon on Tuesday, and closed 0.1 per cent or 2.8 points down at 2,794.17, snapping a six-session winning streak. The benchmark had opened higher in the morning but went downhill from mid-afternoon, even as it recovered some losses towards the ...

The Business Times

9 Jun 2020

62 days ago

STI loses steam, snaps six-session winning streak


THE Straits Times Index (STI) ran out of steam in mid-afternoon on Tuesday, and closed 0.1 per cent or 2.8 points down at 2,794.17, snapping a six-session winning streak. The benchmark had opened higher in the morning but went downhill from mid-afternoon, even as it recovered some losses towards the ...

The Business Times

62 days ago

Sembcorp Marine (SGX: S51) Rights Issue and Demerger From Sembcorp Industries (SGX: U96): What Does It Mean for Investors?


Sembcorp Marine Ltd (SGX: S51) and Sembcorp Industries Limited (SGX: U96) announced something significant on 8 June. Sembcorp Marine has called for a S$2.1 billion cash call, and there will also be a demerger between the two if everything goes as planned. Let’s find out more about what both Sembcorp ...

seedlysgx:s51sgx:u96

62 days ago

Singapore shares clock further gains, Sembcorp jumps; STI up 0.9% at open


SINGAPORE shares sustained their upward momentum from last week, when they began trading on Tuesday morning. The benchmark Straits Times Index (STI) added 26.08 points or 0.9 per cent to 2,823.05 as at 9.17am. Gainers outnumbered losers 147 to 89. About 247.2 million securities worth S$288.3 million ...

The Business Times

62 days ago

Singapore shares clock further gains, Sembcorp jumps; STI up 0.9% at open


SINGAPORE shares sustained their upward momentum from last week, when they began trading on Tuesday morning. The benchmark Straits Times Index (STI) added 26.08 points or 0.9 per cent to 2,823.05 as at 9.17am. Gainers outnumbered losers 147 to 89. About 247.2 million securities worth S$288.3 million ...

The Business Times

62 days ago

Stocks to watch: CapitaLand, Keppel, Sembcorp Industries, Sembmarine, Frasers Property


THE following companies saw new developments that may affect trading of their shares on Tuesday: Sembcorp Industries (SCI), Sembcorp Marine (SMM): SCI and its marine arm SMM on Monday unveiled a massive S$2.1 billion recapitalisation deal for SMM - plus a "demerger" from each other with Singapore's Temasek ...

The Business Times

62 days ago

Stocks to watch: CapitaLand, Keppel, Sembcorp Industries, Sembmarine, Frasers Property


THE following companies saw new developments that may affect trading of their shares on Tuesday: Sembcorp Industries (SCI), Sembcorp Marine (SMM): SCI and its marine arm SMM on Monday unveiled a massive S$2.1 billion recapitalisation deal for SMM - plus a "demerger" from each other with Singapore's Temasek ...

The Business Times

62 days ago

Sembcorp Industries and Marine Demerger


Sembcorp Industries and Sembcorp Marine had proposed a S$2.1 billion recapitalisation and demerger. We all know that Sembcorp Marine has been hit badly by the COVID-19 pandemic and recent collapse in oil prices. The demerger will allow Sembcorp Marine to better address its urgent need to recapitalise, ...

mysweetretirementsgx:s51sgx:u96

62 days ago

Sembcorp Industries and Sembcorp Marine Propose $2.1 Billion Recapitalisation, as well as a De-merger


As you might have heard, Sembcorp Industries(SCI) and Sembcorp Marine(SCM) has proposed a S$2.1 Billion Recapitalisation of Sembcorp Marine, as well as a De-merger so that both Companies can focus on their Growth Segments. So what should current shareholders do? Let’s take a look at what this announcement ...

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63 days ago

Sembcorp Marine to raise $2.1 billion via rights issue; parent Sembcorp Industries to distribute stake in-specie to shareholders


SINGAPORE (June 8): Sembcorp Marine is launching a $2.1 billion renounceable rights issue in a bid to beef up its balance sheet. This will be followed by a demerger between itself and Sembcorp Industries via a distribution in specie of the 61% stake held by the parent company. SCM’s 5-for-1 rights issue ...

The Edge Markets

8 Jun 2020

63 days ago

Sembmarine and SCI to demerge following $2.1b rights issue


Both firms will solely focus on their respective industries following the transaction. Sembcorp Industries (SCI) and Sembcorp Marine (Sembmarine) aim to recapitalise the latter through a $2.1b renounceable rights issue, the companies announced in a press release. This will then result in demerger between ...

Singapore Business Review

5 Jun 2020

66 days ago

Sembcorp Marine unit gets up to $698.6 mil credit for facilities


SINGAPORE (June 5): Sembcorp Marine (SembMarine) says its wholly-owned subsidiary Estaleiro Jurong Aracruz Ltda (EJA) has entered into a revolving facility agreement for up to US$500 million (S$698.6 million) with Standard Chartered bank. Under the agreement, in the event where Sembcorp Industries (Sembcorp) ...

The Edge Markets

4 Jun 2020

67 days ago

Brazilian court accepts Sembmarine's complaint against EJA's former president


This follows after charges of money laundering were filed to Martin Cheah Kok Choon and Guilherme Esteves de Jesus. Sembcorp Marine (SCM) has announced that the Federal Justice Court of Curitiba in Brazil has accepted the complaint offered by the prosecutor’s office in Paraná against Guilherme Esteves ...

Singapore Business Review