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Sembcorp wastes little time on goal to unlock more value

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Anita Gabriel

Anita Gabriel

Published Wed, Jun 14, 2023 · 05:50 AM
    • SembWaste, a public waste collector under the National Environment Agency, covers only two of six sectors in Singapore.
    • SembWaste, a public waste collector under the National Environment Agency, covers only two of six sectors in Singapore. PHOTO: BT FILE

    SEMBCORP Industries’ recent announcement that it is exploring the potential divestment of the waste management business and its energy-from-waste (EfW) plant appears to have sent investors into a tizzy.

    More than a week ago, the company said it has hired HSBC as its financial adviser. More interestingly, it said that preliminary discussions with selected parties on the exercise have commenced.

    Since the announcement on Jun 5, Sembcorp ’s stock has gained S$0.27 or more than 5 per cent from S$5.19 to S$5.46 on Monday (Jun 12), with daily average trading volume having perked up as well.

    sembcorp industriesRenewable energyWaste

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