How Both Companies Have Reinvented Themselves
In the last few years, Sembcorp has completely reworked its identity into an energy and urban solutions group. The old-school energy side still does the heavy lifting, contributing about 70% of underlying profit. But the growth capital is going elsewhere: Sembcorp has invested over S$5 billion in renewables globally since 2021, expanding gross renewables capacity more than six-fold from 3.2 GW to 20.4 GW. Keppel, on the other hand, has made a big shift....Right now, infrastructure is a hot topic.
Governments and private players are pouring cash into cleaner energy, digital networks, and city development.
There’s a race to build the future, and Sembcorp Industries Ltd (SGX: U96) and Keppel Ltd (SGX: BN4) are right in the thick of it.
As we explored in our earlier comparison of the two companies, both have moved beyond their legacy businesses and rebuilt themselves around infrastructure-led growth.
So, which company sets up long-term investors for better success?
