Tuesday, July 20, 2010
SembCorp Industries
SembCorp Industries: Phillip Sec initiates with Buy with $5.10 target. Believes that company can achieve stable growth in revenue, net profit for at least next 3 years. Expects company to pay dividends of S$0.15 per ordinary share in FY2010E, FY2011E and FY2012E, supported by robust operating cash flows from its businesses.
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