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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  SembCorp Industries Limited    SCIL   SG1R50925390

SEMBCORP INDUSTRIES LIMITED

(SCIL)
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Sembcorp Industries : 2Q Earnings Missed Expectations -- Earnings Review

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08/14/2019 | 05:33am EDT

By Yifan Wang

Sembcorp Industries Ltd. (U96.SG) reported its second-quarter earnings results after the market closed Wednesday. Here's how it did:

NET PROFIT: Net profit for the quarter came in at S$98 million (US$70.9 million), 20% higher than the same period a year earlier, the company said. The figure was below analysts' expectations of S$110.8 million, according to a FactSet poll.

TURNOVER: Turnover fell 29% on year to S$2.37 billion (US$1.71 billion), weighed down by the marine segment.

WHAT WE WATCHED:

--MARINE BUSINESS: The group said it expects full-year losses for the marine division because of low business volume. The group also provided a S$2 billion loan facility to its marine unit in June to strengthen its financial standing, it said.

--INDIA PLANS: First-half net profit for Sembcorp Industries' energy business in India rose 46%. The Indian business had an equity injection of S$101.6 million during the period, the group said.

Write to Yifan Wang at yifan.wang@wsj.com

Corrections & Amplifications

Story corrected at 1019 GMT. The original incorrectly said net profit for its energy business in India rose 46% in the first half of the year, after an equity injection of S$101.6 million in the final paragraph.

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Financials (SGD)
Sales 2019 10 045 M
EBIT 2019 798 M
Net income 2019 382 M
Debt 2019 9 683 M
Yield 2019 2,21%
P/E ratio 2019 10,5x
P/E ratio 2020 8,44x
EV / Sales2019 1,36x
EV / Sales2020 1,23x
Capitalization 3 986 M
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 2,92  SGD
Last Close Price 2,23  SGD
Spread / Highest target 68,2%
Spread / Average Target 31,0%
Spread / Lowest Target -7,17%
EPS Revisions
Managers
NameTitle
Neil Garry McGregor Group President, CEO & Director
Kong Hua Ang Chairman
Meng Poh Ng Head-Global Operations Group
Graham John Cockroft Group Chief Financial Officer
Keng Boon Siah Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
SEMBCORP INDUSTRIES LIMITED-12.55%2 908
ORSTED AS55.38%41 453
SEMPRA ENERGY28.05%38 036
NATIONAL GRID PLC12.24%35 882
ENGIE7.51%35 692
ELECTRICITÉ DE FRANCE-23.62%34 868