At its investor day, Sembcorp presented its FY2028 target to reach 25 gigawatt (GW) gross renewable energy (RE) installed capacity, up from the current level of 8.7GW.
Following the announcement of its five-year investment plan of $14 billion across renewable energy solutions, analysts from DBS Group Research, UOB Kay Hian (UOBKH), CGS-CIMB Research and PhillipCapital Securities have all maintained their “buy”, “add”, and “accumulate” calls on Sembcorp Industries (SGX:U96
) (Sembcorp).
All the analysts have also kept their target prices. DBS and CGS-CIMB have kept their target prices at $7.15 and $6.85 respectively, while UOBKH and PhillipCapital, too, retained their target prices at $7.20 and $6 respectively.
