Sembcorp is said to conduct strategic review of business
(Bloomberg) — Sembcorp Industries Ltd. is carrying out a strategic review of its business, with various possibilities under consideration, including potentially going private or selling some assets, people with knowledge of the matter said.
The Singaporean firm, which is backed by state-owned Temasek Holdings Pte, is working with a financial adviser on the review, according to the people, who asked not to be identified because the matter is private.
Considerations are at an early stage and Sembcorp may decide not to pursue any deal, the people said.
A spokesperson for Sembcorp said the company always assesses options to enhance shareholder value, including investments, divestment, restructuring, listing and capital management.
'As part of such assessments, we work with consultants from time to time, as the needs arise' the spokesperson said. 'The assessed options may or may not result in any form of transaction.'
'We will make the necessary announcements in accordance with the requirements in the SGX-ST Listing Manual where an initiative is material and has progressed to a stage where there is a high level of certainty,' the spokesperson added.
Sembcorp's businesses include wind, solar, hydro and energy storage operations in Southeast Asia, China, India, the UK and Middle East, as well as gas and diesel-fired power plants in similar geographies, urban solutions such as waste and water management, and corporate decarbonisation services.
Past restructurings include COVID-hit Sembcorp Marine's demerger in 2020. Sembcorp Industries' chief executive officer at the time said the move would help it focus on the energy and urban sectors. Sembcorp Industries also completed divestments in Chile, China and Panama that year. In 2024, it announced the sale of Sembcorp Environment Pte for $405 million.
Sembcorp's shares have climbed more than 250 per cent since the end of 2020, giving the company a market value of $10.7 billion (US$8 billion). Net income rose about 7 per cent last year to $1 billion, while sales slipped 5.2 per cent to $3.21 billion.
More stories like this are available on bloomberg.com
©2025 Bloomberg L.P.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fast Company
an hour ago
- Fast Company
Employers need help managing workers who are taking second jobs
Employers who sense rising levels of anxiety and signs of disengagement or displeasure in their workplace now have survey data to explain the sources of that unsettling vibe. But those insights also suggest managers need to address the sources of that unhappiness to avoid losing employees to companies that are already doing so. That was the main lesson in a recent study by staff recruitment, management, and payroll software company Remote. It polled '2,000 full-time, desk-based U.S. workers' about their perceptions of their workplaces. The overarching message participants sent was they're 'worried about the economy, unsure about their career future, and searching for employers they can trust.' As a result, many respondents said they're looking for greater financial and job security, and simultaneously want more input and guidance from employers—as well as increased flexibility in their work. Some of those expectations are directly linked to financial pressures many participants said they were under, as well as habits developed under pandemic-era remote working arrangements. Their own money concerns—and the increased fears about the economy's future that 80 percent of respondents expressed—led nearly 20 percent of participants to say they'd already taken on a second job or side hustle. An additional 57 percent say they're looking to do so, for the same reasons. Rising employee preoccupations with working a second job, along with their pandemic experiences of having worked from home, made flexibility a top priority for all but 11 percent of participants. About a third said their desire for fully remote employment was higher than it was a year ago, with 26 percent saying the same for hybrid. Around 60 percent of both groups said they'd take a pay cut to secure those arrangements, which tend to offer greater range in doing work and alsofacilitate juggling a side hustle. Interestingly, other replies in the Remote survey indicated that employers providing increased flexibility may help remedy another problem cited: worker complaints about insufficient communication and support. Polling data found just 17 percent of respondents said they were getting enough resources and support to feel stable and engaged on the job. Meanwhile, only 8 percent said their company regularly shares information on how the economy may impact their role or organization, with about a quarter describing those updates as 'vague.' Over a third of participants—or 35 percent—said they receive no feedback on that from bosses—but wish they did. Unexpectedly, however, 50 percent of people with hybrid arrangements and 46 percent of fully remote employees reported getting higher levels of that information and direction from managers. Meaning, with only 37 percent of in-office respondents feeling the same, 'organizations with distributed teams may lean more towards intentional, proactive communication,' analysis of the findings said. What can employers do to respond to the study's results? Its authors offered the following steps that companies might take to provide workers the 'honesty, stability, and real investment in their well-being' they need and reduce the risks of them seeking these qualities elsewhere instead. Talk about it. Regular, transparent updates help employees feel grounded. Rethink flexibility. Flexible policies have moved out of perk territory, and into the essential camp. Flexible working can be a lifeline for disengaged and anxious employees and for those with needs and responsibilities that don't fit into rigid structures. Invest in development. Clear career paths build security and loyalty. Support financial wellness. Educational resources can go a long way. Create space for dialogue. Especially when the conversations are hard. 'The findings serve as a reminder that people-first leadership isn't about guesswork, but listening, responding, and proactively creating environments where employees can maintain stability and productivity, even in uncertain times, instead,' noted Remote's chief people officer, Barbara Matthews. — By Bruce Crumley
New York Post
an hour ago
- New York Post
More US tourists visit Canada than Canucks travel to America for first time ever: report
Tourists from the Great White North are giving the US the cold shoulder. In a surprise twist to the ongoing trade war between North American neighbors, July marked the first time ever more Americans road-tripped it to Canada, than vice versa. That month saw 1.8 million US car trips into Canada, compared to 1.7 million Canadian excursions to the Land of the Free, new data from Statistics Canada released Monday found. Cross-border trips between Canada and the US slowed in July, normally the busiest month of the year. Bloomberg via Getty Images Travel in both directions is slumping, however, as trade tensions between the two allies boil over. US visits to its northern neighbor dropped 7.4% from last July — normally the busiest travel month of the year — while Canadian road trips to America nosedived by a staggering 37%. It marked the sixth consecutive month of year-over-year declines in tourism, following President Trump's February announcement that he was implementing tariffs on Canada, while also joking that he planned to make the country the 51st state, which led to Canucks cancelling their US vacations in droves. 1.8 million Americans visited Canada by car in July. AMVShutter – The two countries blew past an Aug. 1 trade-deal deadline and are now locked in a tit-for-tat tariff battle. The US is targeting Canadian goods not covered by the Canada-United States-Mexico Agreement with tariffs of up to 50%, and Canada imposing 25% counter-tariffs on billions of US exports.
Yahoo
2 hours ago
- Yahoo
INVO Fertility Reports Second Quarter 2025 Earnings
Explore INVO Fertility's Fair Values from the Community and select yours INVO Fertility (NASDAQ:IVF) Second Quarter 2025 Results Key Financial Results Net loss: US$3.21m (flat on 2Q 2024). US$8.07 loss per share. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period INVO Fertility Earnings Insights Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US. Performance of the American Medical Equipment industry. The company's shares are down 13% from a week ago. Risk Analysis Before you take the next step you should know about the 6 warning signs for INVO Fertility (3 are potentially serious!) that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
