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BROKER’S TAKE

Sembcorp shares end 4.3% higher as CGSI adds counter to top Singapore picks

Analysts say the stock is trading at an ‘undemanding’ valuation of nine times its estimated FY2027 PE ratio

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Shikhar Gupta

Shikhar Gupta

Published Wed, Mar 18, 2026 · 04:17 PM — Updated Wed, Mar 18, 2026 · 06:47 PM
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    • Sembcorp is well-positioned to navigate limited LNG supplies following Qatar Energy's recent force majeure declaration, analysts say.
    • Sembcorp is well-positioned to navigate limited LNG supplies following Qatar Energy's recent force majeure declaration, analysts say. PHOTO: REUTERS

    [SINGAPORE] Shares of energy player Sembcorp Industries jumped on Wednesday (Mar 18), buoyed by a bullish broker note highlighting its defensive qualities.

    The counter was up as much as 4.4 per cent over the day, climbing S$0.26 to reach S$6.11 as at 4.07 pm. It later closed at S$6.10, up by 4.3 per cent or S$0.25, with 11.3 million shares changing hands.

    The rally comes as CGS International (CGSI) added Sembcorp to its list of Singapore top picks, while keeping its target price steady at S$7.68. In a report on Mar 17, the research house cited the company’s relatively cheap valuation and its defensive qualities against global gas price volatility.

    sembcorp industriesBrokers' TakeEnergy marketsLiquefied natural gas

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