Asia300

Sembcorp Industries Ltd.

Singapore

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Nov 22, 2017
Prev close: 3.1
Nov 22, 2017
Market cap:
Market cap(USD):
5,541.39M
4,097.78M
Shares: 1,787.54M

Currency in SGD

Company profile

Market(Ticker): SES(U96)
Sector:
Industry:
Utilities
Electric Utilities
Full time employees: 8,000

Business summary

Sembcorp Industries Ltd. is an investment holding company, which engages in the production and supply of utilities services, terminalling, and storage of petroleum products and chemicals. It operates through the following segments: Utilities, Marine, Urban Development, and Others/Corporate. The Utilities segment involves in providing energy, water, on-site logistics, and solid waste management services to industrial and municipal customers. The Marine segment provides integrated solutions for the offshore and marine industry, which include rigs & floaters; repairs & upgrades; offshore platforms and specialized shipbuilding. The Urban Development segment owns, develops, markets and manages industrial parks as well as business, commercial, and residential properties. The Others/Corporate segment includes minting, design, construction, offshore engineering and other businesses. The company was founded on May 20, 1998 and is headquartered in Singapore.

Company background

One of Singapore's biggest conglomerates, Sembcorp Industries has three core businesses: marine, utility and urban development. The marine and offshore business is conducted by publicly-listed subsidiary Sembcorp Marine, whose jack-up rigs and other platforms are used in major offshore oil production sites all over the world. At the west tip of Singapore, a major development to consolidate all existing shipyards to form one large-scale facility, dubbed Sembmarine Integrated Yard @ Tuas, is underway.

In the urban development business, Sembcorp is playing a key role in several government-led industrial park development projects in Vietnam and China. The utility business, which ranges from gas to power generation to water processing, was accelerated by current Group President and CEO Tang Kin Fei. Joining Sembawang Corp., the predecessor to Sembcorp, in 1987, Tang reached the top post in 2005. With Tang at the helm, the company won the bid for a water desalination and power plant project in the United Arab Emirates in 2006, its first key project in the Middle East in this area. Temasek Holdings is the largest shareholder of the company, with about 50% ownership.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 7,907.04M
Gross profit 1,088.19M
Operating income 739.10M
Income before tax 412.31M
Net income 355.87M
EBITDA 1,198.67M
Diluted EPS 0.19
Dividends per share 0.08
Total assets 22,290.23M
Total liabilities 14,928.63M
Total equity 5,898.32M
Operating cash flow 549.60M

Currency in SGD

Revenue 5,727.05M
Gross profit 788.17M
Operating income 535.33M
Income before tax 298.64M
Net income 257.76M
EBITDA 868.19M
Diluted EPS 0.14
Dividends per share 0.05
Total assets 15,428.97M
Total liabilities 10,333.37M
Total equity 4,082.73M
Operating cash flow 398.07M

Currency in USD

Valuation measures

Dec 2016

PER 14.30
ROA 1.68%
ROE 6.17%
Operating margin 9.34%
Profit margin 4.50%

Key executive

  • Group President & Chief Executive Officer: Neil McGregor
  • Group Chief Financial Officer: Chiap Khiong Koh
  • Chief Technology Officer: Keng Boon Siah
  • Senior Vice President-Group Information Technology: Jasmine Teo
  • EVP & Head-Group Asset Management, Utilities: Meng Poh Ng

Share holders

  • Temasek Holdings Pte Ltd. (Investment Company)(49.2%)
  • The Vanguard Group, Inc.(1.2%)
  • Norges Bank Investment Management(1.1%)
  • Dimensional Fund Advisors LP(1.0%)
  • M&G Investment Management Ltd.(0.9%)
  • BlackRock Fund Advisors(0.9%)
  • T. Rowe Price Associates, Inc.(0.4%)
  • TANG KIN FEI(0.3%)
  • TD Asset Management, Inc.(0.2%)
  • Manulife Asset Management (US) LLC(0.2%)

Address

  • Website: http://www.sembcorp.com
  • Address: 30 Hill Street, No. 05-04, Singapore, 179360, Singapore
  • Phone: +65.6723.3113

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