Based on pro-forma earnings ended 31 December 2024, Krishna reports that the Alinta deal will be around 9% accretive for patmi. He notes that debt will stay within “comfort range” for the company, with gearing — net debt to adjusted ebitda — rising from 3.6 times to 4.6 times.
Maybank Securities analyst Krishna Guha is cutting Sembcorp Industries’ (SCI) target price by 75 cents or 11.7% from $6.40 to $5.65 in his note dated Dec 17. He has maintained his ‘hold’ call.
In his report, Krishna lowers FY2025 and FY2026 estimated earnings by 9.6% and 11.5% respectively, attributing to weaker contribution from renewables. Based on the sum-of-the-parts valuation method, this results in his lower TP of $5.65.
