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Analysts mixed on Sembcorp's energy business in India

Broker's Calls

Analysts mixed on Sembcorp's energy business in India

Jeffrey Tan Published on Tue, May 19, 2020 / 12:33 PM GMT+8

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SINGAPORE (May 19): Analysts are mixed on their performance outlook of Sembcorp Industries’ energy business, which is expected to be “markedly lower” this year compared to last year.

In a business update released yesterday, Sembcorp said that the reduced economic activity due to lockdown measures in multiple markets has resulted in a decrease in energy demand and prices.

As a result, its merchant operations in Singapore, India and the UK have seen power demand decline by 10% to 25% y-o-y in April.

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Analysts mixed on Sembcorp's energy business in India

Broker's Calls

Analysts mixed on Sembcorp's energy business in India

Primary tabs

Error message

Analysts mixed on Sembcorp's energy business in India

Broker's Calls

Analysts mixed on Sembcorp's energy business in India

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