What happened?
Sembcorp Industries Ltd, or SCI, held its Investor Day 2023 this week to chart its new 5-year plan.
The Investor Day is timely as Sembcorp Industries' share price came under pressure recently, declining by more than 20% from its 52-week high of $6.10 to below S$5.
Following the Investor Day, Sembcorp Industries’ share price jumped to as high as $5.26 on 7 November, before closing at S$5.05 on 10 November.
Source: Beansprout
Sembcorp Industries' share price has jumped 47% year-to-date, outperforming the STI which declined over the same period.
Source: Beansprout
Let us take a closer look at several highlights of Sembcorp Industries' latest Investor Day to understand what is driving investor optimism.
What we learnt from Sembcorp Industries' Investor Day 2023
#1 – Growing its renewables portfolio to 25 Gigawatt (GW)
At its 2021 Investor Day, Sembcorp Industries committed to grow its
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