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Brokers' take
Published Thu, Mar 22, 2018 · 09:50 PM
Sembcorp Industries | Buy Fair value: S$3.59 March 22 close: S$3.09 OCBC Investment Research, March 22
With further liberalisation of Singapore's retail electricity market, there have been questions on the impact on utilities players such as Sembcorp Industries.
First, we note that Sembcorp's Singapore energy business is broken down into three business lines: gas and power, merchant and retail, and renewables and environment.
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