Tuesday, July 26, 2011

Sembcorp industries

Sembcorp industries: Announced that it has been awarded a $121m refuse collection and recycling contract in SG to provide refuse collection and recycling services to the Bedok sector in SG. With the contract, Sembcorp now serves 5 out of 9 geographical sectors in the country. Transaction is not expected to have a material impact on the EPS and NTA of grp for FY11.
We note that majority of street remains bullish on Co. with 13 Buy ratings, 3 Holds and 2 Sell with a mean TP of $5.99.

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