Sembcorp Industries (Sembcorp) is an energy and urban development company.
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. 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, with a project portfolio of over 12,000 hectares across Asia.
Sembcorp is listed on the main board of the Singapore Exchange. It is a component stock of the Straits Times Index and sustainability indices including the FTSE4Good Index, the Dow Jones Sustainability Asia Pacific Index and the iEdge SG ESG indices.
In March 2020, it was announced that Sembcorp was replacing their CEO. 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. 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. Representatives from both companies declined to comment. Between June 11 and July 24, 2020, Sembcorp Industries’ share price declined by 11%.
Traded as: SGX: U96
Industry: Utilities
Headquarters: 30 Hill St, Singapore 179360
Services: Energy, Utilities, Renewables, Electricity, Water, Solar, Wind, Gas and Steam generation, Urban Development, Urban Planning
Website: http://www.sembcorp.com