Sembcorp Industries (SG:U96) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Sembcorp Industries has announced a strategic initiative to become a leading developer of low-carbon industrial parks in Asia, focusing on expanding its land bank and recurring income. The company is leveraging the robust growth in Vietnam and Indonesia, aiming to grow its land bank to 18,000 hectares and its industrial properties to 1.5 million square meters by 2028. This expansion is expected to drive a net profit compound annual growth rate of over 15% and a return on equity of 10% by 2028.
For further insights into SG:U96 stock, check out TipRanks’ Stock Analysis page.