Sembcorp wastes little time on goal to unlock more value

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.