Dividend PolicySCI’s 2024 results beat expectations, with a meaningful step-up in its dividend and payout ratio which management emphasised was sustainable given its strong cashflow generation.
Earnings GrowthKey catalysts for re-rating include stronger-than-expected profit growth in the gas and related services sector.
Renewable Energy PortfolioSCI’s 25-year power purchase agreement with Malkoha will see the sale of renewable energy from SCI’s 150MWp floating solar PV project at Kranji Reservoir, thus reinforcing the company’s long-term revenue visibility from renewables.