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my prediction is correct
Checkerman ( Date: 17-Nov-2021 16:14) Posted:
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bear trend. $1.85-192
Joelton ( Date: 13-Nov-2021 11:46) Posted:
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Sembcorp to acquire 658MW of wind, solar assets in China for 3.3b yuan
SEMBCORP Industries Sembcorp Ind: U96 0% will acquire 98 per cent interest in a portfolio of operational wind and solar photovoltaic (PV) assets in China for 3.3 billion yuan (S$700 million).
Its wholly-owned subsidiary Sembcorp Energy (Shanghai) Holding has signed a sale-and-purchase agreement to acquire the assets from CGN Capital Partners Infrastructure Fund III - a private equity infrastructure fund focused on renewable energy infrastructure assets in China - and its affiliates.
The assets are located in energy demand centres Hebei, Henan and Shandong provinces and have a total gross installed capacity of 658 megawatts (MW).
The portfolio will provide Sembcorp with a scalable renewable platform to drive further growth in China, Sembcorp said in a press statement on Friday (Nov 12).
Sembcorp noted that the assets are contracted and eligible for fixed feed-in tariffs under China' s renewable energy policy.
Alex Tan, Sembcorp' s chief executive officer of China, said the mainland is a priority growth market for the group, being the world' s largest renewables market.
Noting that Sembcorp' s renewables portfolio of wind and solar assets in China will double in gross capacity to 1,400MW from 725MW post acquisition, he said: " This scalable platform will boost our growth in China and support the building of our operational and technical capabilities."
The acquisition will be funded through a mix of internal cash resources and external borrowings, and is expected to be completed in the first half of 2022, subject to conditions precedent including regulatory approvals.
The deal is not expected to have a material impact on Sembcorp' s earnings per share and net asset value for its financial year ending Dec 31, 2021.
Bystander,,,,agree w you
SCI do hv debt and not surprise when into this type of long green projects, they will hv to work on this ....which is why they too hv a nice green LOAN
Any I was also thinking abt the India listing ( as Wee mentioned ) ...some recent realignment of their India operation cld also see them selling off their
coal plants there. ( not a surprise) ...just a matter of the right pricing.
Dyodd
SCI do hv debt and not surprise when into this type of long green projects, they will hv to work on this ....which is why they too hv a nice green LOAN
Any I was also thinking abt the India listing ( as Wee mentioned ) ...some recent realignment of their India operation cld also see them selling off their
coal plants there. ( not a surprise) ...just a matter of the right pricing.
Dyodd
weekaykee ( Date: 12-Nov-2021 15:29) Posted:
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But China can be very unpredictable and the track record of foreign investments has not been very good. CCP would prefer giving contracts to their own home-grown companies.
FATABA ( Date: 12-Nov-2021 13:29) Posted:
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They can do an IPO of its Indian operations if they really need the money. I guess SCI is waiting for the red hot Indian stock market to get even more exuberant before doing so.
bystander1965 ( Date: 12-Nov-2021 14:10) Posted:
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Technically SCI has already entered a ST down trend. That' s my reading. So when I saw this news I wasn' t expecting it to go up. Unfortunately I have been proven right. Hahaha.
The things is I think 700m is internal fund + loan? SCI has a pretty high debt to equity ratio. Although this is a characterisitcs of its business, it' s bordering a bit on " undesirable" for most definition.
But no doubt this is the direction SCI is going. Green.
DYODD.
The things is I think 700m is internal fund + loan? SCI has a pretty high debt to equity ratio. Although this is a characterisitcs of its business, it' s bordering a bit on " undesirable" for most definition.
But no doubt this is the direction SCI is going. Green.
DYODD.
FATABA ( Date: 12-Nov-2021 13:29) Posted:
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LOL traders not happy w this $700m spending ......push it down ..
Long term return on this great esp w CHINA commitment to clean energy
Dyodd
Long term return on this great esp w CHINA commitment to clean energy
Dyodd
SEMBCORP INDUSTRIES TO ACQUIRE 658MW OF OPERATIONAL WIND AND SOLAR ASSETS IN CHINA - The Group is well-positioned for significant growth in the world&rsquo s largest renewable energy market Singapore, November 12, 2021 &ndash Sembcorp Industries (Sembcorp) announces that it has, through its wholly-owned subsidiary Sembcorp Energy (Shanghai) Holding Co. Ltd, signed a sale and purchase agreement to acquire a 98% interest in a portfolio of operational wind and solar photovoltaic (PV) assets from CGN Capital Partners Infrastructure Fund III and its affiliates for a consideration (net of external debt financing) of approximately RMB 3.3 billion (approximately S$700 million). CGN Capital Partners Infrastructure Fund III is an unlisted private equity infrastructure fund focused on renewable energy infrastructure assets in China. The portfolio of wind and solar assets with a total gross installed capacity of 658MW will provide Sembcorp with a scalable renewable platform to drive further growth in China. Located in energy demand centres Hebei, Henan and Shandong provinces, the assets are contracted and are eligible for fixed feed-in tariffs under the China renewable energy policy. For more information on the portfolio, please see the Appendix. Wong Kim Yin, Group President & CEO, Sembcorp Industries said: &ldquo The acquisition of this renewables growth platform in China is an important step towards our target to have 10GW of gross installed renewables capacity by 2025. We are focused on the execution of our growth strategy across our markets to achieve our brown to green transformation.&rdquo 2 Alex Tan, CEO China, Sembcorp Industries added: &ldquo China is the world&rsquo s largest renewables market, and a priority growth market for Sembcorp. With this acquisition, our renewables portfolio in China will double in gross capacity from 725MW to 1,400MW of wind and solar assets. This scalable platform will boost our growth in China and support the building of our operational and technical capabilities.&rdquo The consideration for the transaction was determined on a willing-buyer willing-seller basis, considering the operational quality, financials and cashflow generation of the assets via customary valuation techniques. The final consideration would be adjusted based on the audited financials at completion of the transaction. Sembcorp&rsquo s investment will be funded through a mix of internal cash resources and external borrowings. Completion of the acquisition is expected in the first half of 2022, and is subject to conditions precedent including regulatory approvals. This acquisition is in the ordinary course of business of Sembcorp Industries and is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2021.
If I am not wrong this project was not w SCI , cld be won by Sunseap ?
Cant recall
Dyodd
Cant recall
Dyodd
jacky80 ( Date: 07-Nov-2021 21:32) Posted:
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jacky80 ( Date: 07-Nov-2021 21:32) Posted:
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https://www.straitstimes.com/singapore/community/all-hdb-blocks-in-tanjong-pagar-to-have-solar-panels-to-harness-green-energy-by?utm_campaign=stfb&utm_medium=social&utm_source=Facebook. More solar panel will install hdb rooftop soon
Most established entities if not all still report Q updates, be it just business ourlook with no numbers or net profits. Some small ones also do that. Hey even SCM is doing that. Haha.
FATABA ( Date: 05-Nov-2021 11:15) Posted:
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Thanks, more so w their concentration on clean energy where projects are longer and take more time to confirm .
Wld be good for retail when SGX move back to qtrly reporting .....our only official link to their performance.
Sgx is always moving backwards.
Wld be good for retail when SGX move back to qtrly reporting .....our only official link to their performance.
Sgx is always moving backwards.
bystander1965 ( Date: 05-Nov-2021 10:45) Posted:
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Don' t think they will provide any updates on Q3. They didn' t Q32020, they didn' t Q12021. So I don' t expect anything from them this Q also.
Think their transparency has gone down a bit
Think their transparency has gone down a bit
FATABA ( Date: 05-Nov-2021 10:10) Posted:
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Staying up strong for weeks above $2 , anyone know when is the Q3 result guildance ?
SCI doing daily share buy back above $2 .
Hmm w clean energy SCI is really one of the strongest player in this part of the world .
Dyodd
SCI doing daily share buy back above $2 .
Hmm w clean energy SCI is really one of the strongest player in this part of the world .
Dyodd
Checkerman ( Date: 28-Oct-2021 14:23) Posted:
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may fall back below $2
FATABA ( Date: 28-Oct-2021 13:12) Posted:
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In a lousy market day like this ...SCI continue its climb ??
When is their Q3 result guild ?
Dyodd
When is their Q3 result guild ?
Dyodd
if monday gap up just short lor, sell on news ma as Insider already knew and buy up before releasing of the news.
pkli899 ( Date: 22-Oct-2021 20:06) Posted:
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Ya, today at one time went up 10 c.
SgTrader17 ( Date: 22-Oct-2021 18:07) Posted:
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