Hot stock: Sembcorp rises as much as 7% after H1 profit increase
The uptick in profit is mainly due to the absence of a S$78 million loss in H1 FY2023 from a discontinued operation
SHARES of Sembcorp surged on Wednesday (Aug 7), after the company announced that net profit for the half year was up 2 per cent on the absence of loss from a discontinued operation.
As at 1.08 pm, the counter rose 7 per cent or S$0.31 to S$4.76, with about four million shares changing hands. The last time it reached such levels was in late July this year.
Sembcorp shares later eased to S$4.71, up 5.8 per cent or S$0.26, as at 2.17 pm on Wednesday.
TRENDING NOW
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
US trade chief to consider trade deal tariff caps in excess capacity probe
Bee Cheng Hiang customers’ e-mail addresses exposed in Singapore’s first case of AI-related data breach
DFI Retail to take over Starbucks business in Asia from Maxim’s Caterers
