Sembcorp Industries eyes double-digit ROE with new strategy

Singapore

SEMBCORP Industries is aiming for double-digit return on equity in the next five years with its new growth strategy, group president and CEO Neil McGregor said on Friday.

The repositioning of the utilities unit for the benefit of improving returns and shortening the time to generate earnings from assets is a key focus of this new strategy. A rumoured privatisation of the beleaguered marine arm, Sembcorp Marine, is off the table for now as Mr McGregor clarified that the parent group would want to ride through the cycles with SembMarine.