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| Company type | Public |
|---|---|
| SGX: U96 | |
| ISIN | SG1R50925390 |
| Industry | Utilities |
| Headquarters | 30 Hill St, Singapore 179360 |
Key people | Wong Kim Yin (Group President & CEO) Graham Cockroft (Group Chief Financial Officer) |
| Owner | Temasek Holdings |
| Website | http://www.sembcorp.com |
Sembcorp Industries is a Singaporean state-owned energy and urban development company.[1]
Sembcorp's marine division provided a variety of services, including the engineering and construction of offshore platforms for oil extraction, until it was demerged from Sembcorp in 2020 following poor financial performance.[2] Sembcorp currently has an energy portfolio of over 12,600MW, with more than 2,600MW of renewable energy capacity globally. The company also develops raw land into urban developments.
Sembcorp is listed on the main board of the Singapore Exchange.[3] It is a component stock of the Straits Times Index and sustainability indices including the FTSE4Good Index,[4] the Dow Jones Sustainability Asia Pacific Index and the iEdge SG ESG indices.[5]
In March 2020, it was announced that Sembcorp was replacing their CEO.[6] Sembcorp did not declare an interim dividend for 1H 2020, instead choosing to defer any decision regarding payment of dividends for the fiscal year 2020 until the end of the year.[7] In June of the same year, trading was halted for Sembcorp as well as Sembcorp Marine, a loss-making subsidiary whose shares had declined by 36% in 2020.[2] Representatives from both companies declined to comment.[2] Between 11 June and 24 July 2020, Sembcorp Industries' share price declined by 11%.[7]
- ^ "Sembcorp - Purpose & Values". www.sembcorp.com. Retrieved 2020-09-24.
- ^ a b c Daga, Anshuman (5 June 2020). "Halted Shares of Sembcorp Marine, Parent in Focus in Singapore". Offshore Engineer. Retrieved 24 September 2020.
- ^ hermesauto (2020-08-11). "Singapore stock watch: Keppel, SIA, Sembcorp, Sembmarine, SGX, Top Glove, Tuan Sing, iFast". The Straits Times. Retrieved 2020-09-24.
- ^ "FTSE4Good Index Series". www.ftserussell.com. Retrieved 2020-09-24.
- ^ "iEdge SG ESG Leaders Index - Singapore Exchange (SGX)". www.sgx.com. Retrieved 2020-09-24.
- ^ "Leadership Succession at Sembcorp Industries". Retrieved 25 September 2020.
- ^ a b "SembCorp Industries: Dividend Deferment, Demerger And CEO Succession Draw Attention". Seeking Alpha. 27 July 2020. Retrieved 24 September 2020.