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Sembcorp Industries ( (SG:U96) ) has issued an update.
Sembcorp Industries has announced a delay in the completion of its acquisition of a 49MW hydropower asset in Vietnam, pending government approvals expected by the end of 2025. The company emphasizes its cautious approach to new investments in Vietnam due to regulatory uncertainties, which could impact its operations and stakeholder interests.
The most recent analyst rating on (SG:U96) stock is a Buy with a S$7.49 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 operates in the energy sector, focusing on providing sustainable solutions such as renewable energy. The company is involved in the development and management of energy and urban development projects, with a market focus on expanding its renewable energy portfolio.
Average Trading Volume: 3,553,969
Technical Sentiment Signal: Buy
Current Market Cap: S$12.19B
Learn more about U96 stock on TipRanks’ Stock Analysis page.