In a Monday report, DBS analyst Ho Pei Hwa estimates that the group will see proceeds that will “easily exceed” $1 billion over the next two years after factoring in the initial public offering (IPO) of its India assets, which is significantly higher than the $870 million of IPO or divestment proceeds which the group has achieved over the last five years.
SINGAPORE (Feb 26): Analysts are optimistic on the outlook of Sembcorp Industries (SCI) post the outcome of its strategic review, even as the group last week reported a 84.6% decline in its 4Q earnings to $22.8 million as its marine segment continued to drag on profitability.
