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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
