"We attribute SCI’s strong share price performance year to date to stable growth outlook, healthy dividend and payout growth, and strategic renewables expansion," says OCBC.
OCBC Investment Research has kept its "buy" call on Sembcorp Industries, along with a raised fair value of $8.45 from $7.40 previously.
In its July 14 report, OCBC notes that SCI's share price has gained 35% year to date, outpacing the STI, which has reached a new high with its 8% gain in the same period.
