Despite some share price correction on June 20 following the announcement by Singapore’s Energy Market Authority (EMA) on implementing a temporary price cap on wholesale power from July 1, analysts are staying positive about Sembcorp Industries (SGX:U96) ’ outlook.
Sembcorp Industries (SGX:U96)
Price targets:
DBS Group Research ‘buy’ $6.50
Citi Investment Research ‘buy’ $5.98
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