Sembcorp Industries share price in India nightmare
LIFETIME MEMBERSHIP My last coverage on Sembcorp Industries share price was in February 2021. That was before the devastating second wave of COVID-19 infections took place in India. With a significant business exposure in India, what would be the impact levied on Sembcorp Industries share price? So far, the management had updated that its assets in Myanmar continued to be in operations despite the civil unrest. But there were no updates on the situation in India. On this note, investors have every reason to be concerned about Sembcorp’s India operations.
Given the situation in India, there are plenty of uncertainties for Sembcorp Industries share price. It doesn’t help that there are no business updates for the 1st quarter financial performance. The Group is not required to file quarterly results as SGX had ceased the quarterly financial reporting requirement. Without clarity on this significant downside risk, investors are left wondering how Sembcorp Industries will fare in the upcoming 1HFY2021 financial result.
Through Sembcorp Energy India Ltd (SEIL), Sembcorp Industries has $1.57 billion worth of ownership interest in India. SEIL has wind, solar and thermal power assets …
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