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The latest update is out from Sembcorp Industries ( (SG:U96) ).
Sembcorp Industries has clarified that its 40%-owned Fujairah F1 Independent Water and Power Plant in the UAE has not been damaged amid recent Iranian strikes in the Middle East, countering earlier media reports that suggested otherwise. The company added that operations at Fujairah F1, as well as at its Salalah IWPP and Manah II solar power project in Oman, are continuing with contingency measures in place and employee safety as a priority.
The group also said its gas supply in Singapore remains secure, highlighting a diversified portfolio of long-term natural gas contracts from both piped and liquefied sources, with upcoming LNG cargoes in 2026 not originating from the Middle East. Together with its renewable energy and energy storage assets, this diversification helps shield Sembcorp from regional geopolitical risks and supports operational stability for customers and other stakeholders.
The most recent analyst rating on (SG:U96) stock is a Buy with a S$7.30 price target. To see the full list of analyst forecasts on Sembcorp Industries stock, see the SG:U96 Stock Forecast page.
More about Sembcorp Industries
Sembcorp Industries is a Singapore-based energy and urban solutions provider with operations spanning conventional power, renewable energy and water infrastructure. The company manages a diversified portfolio of natural gas, renewable energy and energy storage assets across Asia and the Middle East, supplying utilities and industrial customers with reliable power and water services.
YTD Price Performance: -4.98%
Average Trading Volume: 4,994,771
Technical Sentiment Signal: Buy
Current Market Cap: S$10.18B
For an in-depth examination of U96 stock, go to TipRanks’ Overview page.