Sembcorp’s year-to-date performance shows there’s ‘good in goodbye’
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Anita Gabriel
THE mega merger of Singapore’s offshore and marine (O&M) giants Sembcorp Marine (Sembmarine) and Keppel O&M has drawn plenty of attention this year, but investors have not forgotten Sembcorp Industries .
Following what one analyst described as a “gloriously messy recap and demerger” of Sembmarine from its former parent Sembcorp, in a deal that was done and dusted 3 months after being unveiled in June 2020, Sembcorp has made steady and marked progress on its clean energy pivot.
The market is visibly pleased with Sembcorp’s efforts. Among the constituents of the local bourse’s key Straits Times Index, Sembcorp is the second-best performer this year on the back of robust trading volumes.
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