
Sembcorp is a Singaporean multinational corporation that has been in operation since 1977. Founded by the government of Singapore, the company has a rich history of growth and expansion.
Sembcorp's main business is in the energy and urban development sectors, with a focus on providing sustainable solutions to meet the world's increasing energy demands. Their energy business includes a range of operations, from power generation to energy trading.
Sembcorp's operations are spread across 17 countries, with a global workforce of over 7,000 employees. They have a strong presence in the Asia-Pacific region, with a significant presence in countries such as China, India, and Indonesia.
Sembcorp's revenue has been steadily increasing over the years, with a total revenue of SGD 4.1 billion in 2020.
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Company Information
Sembcorp Industries is a leading utilities, marine and urban development group, present across five continents.
The company has a strong track record in developing and developed markets, providing solutions across the energy and utilities value chain.
Sembcorp has a balanced energy portfolio of over 12,000 megawatts, including thermal power plants, renewable wind and solar power assets.
Company Profile
Sembcorp Industries is a leading utilities, marine and urban development group present across five continents.
The company has a strong track record in developing and developed markets, providing solutions across the energy and utilities value chain.
With a focus on the Gas & Power, Renewables & Environment, and Merchant & Retail sectors, Sembcorp Industries is well-positioned to benefit from the global energy transition.
It has a balanced energy portfolio of over 12,000 megawatts, including thermal power plants, renewable wind and solar power assets.
Managers and Directors
As we explore the company information of Sembcorp Industries Ltd, let's take a closer look at the managers and directors. Kim Yin Wong is the CEO, having taken on the role since June 30, 2020, and is 54 years old.
Kim Yin Wong also serves as a Director/Board Member, having been on the board since an unspecified date. Chee Mun Cheng is the Director of Finance/CFO, joining the company on March 7, 2021.
The company's Chief Operating Officer is Gim Siong Neo, who is 56 years old. Chee Keong Yap and Lay Keng Kwa are both Directors/Board Members, with Chee Keong Yap joining the board on September 30, 2016, and Lay Keng Kwa joining on July 31, 2018, both at the age of 66.
Here is a list of the company's top managers and directors:
SIC Code for Utilities
The SIC code for SembCorp Utilities is 491.
SIC codes are used to identify specific industries and sectors.
The SIC code 491 specifically identifies the electric, gas, and sanitary services industry.
This code can be used for classification and analysis purposes.
SIC code 671 is also associated with SembCorp Utilities.
This code is used for the insurance carriers industry.
However, it's not a direct match for the utilities sector.
The SIC codes 49 and 67 are also relevant to SembCorp Utilities.
These codes are used for the transportation and public utilities sectors.
Financial Information
Sembcorp Utilities reported an annual revenue of $5.4 billion in 2025.
The company's financial performance is a significant aspect of its overall success.
Sembcorp Utilities' revenue figure is a testament to the company's strong presence in the industry.
Annual Revenue of Utilities
The annual revenue of utilities companies can vary greatly from one year to the next. The SembCorp Utilities annual revenue was $5.4 billion in 2025.
SembCorp Utilities is one of the notable companies in this sector.
The annual revenue of SembCorp Utilities is significantly higher than some other companies.
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Analysts' Consensus
Sembcorp Industries Ltd has received various analyst recommendations, with Maybank Research downgrading the company to Hold from Buy on August 11, while HSBC also downgraded it to Hold from Buy on the same day.
The price target for Sembcorp Industries Ltd has been adjusted by several analysts, including Maybank Research, which set a price target of SG$6.40, and HSBC, which set a price target of SG$7.15.
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PhillipCapital upgraded Sembcorp Industries to Buy from Accumulate on June 30, while Phillip Securities downgraded it to Accumulate from Buy on March 6.
DBS adjusted the price target for Sembcorp Industries to SG$7.38 from SG$7.35 on February 25, and kept the Buy recommendation.
Analyst recommendations for Sembcorp Industries Ltd are as follows:
News and Updates
Sembcorp Industries has been making some exciting moves in the renewable energy sector. They were awarded conditional approval by the Energy Market Authority (EMA) to import renewable energy on October 17.
Sembcorp has also been expanding its presence in India, acquiring ReNew's solar unit to boost its renewables portfolio in October. This acquisition is a significant step towards their goal of increasing their renewable energy capacity.
In another notable move, Sembcorp Industries was awarded conditional approval by EMA to import renewable energy on October 17. This approval will enable them to tap into a new source of clean energy.
Sembcorp has been actively exploring opportunities in India's renewable energy market, and their recent acquisition of ReNew's solar unit is a testament to this. The acquisition is expected to boost their renewables portfolio.
Here are some key dates related to Sembcorp's recent news and updates:
Sembcorp has also been engaging with various partners to explore new opportunities in the energy sector. For example, they partnered with IHI and GE Vernova to explore retrofitting of Sembcorp's Sakra Power Plant in Singapore in October 2023.
Products and Services
Sembcorp offers a range of products and services to cater to different needs.
Their products include natural gas, electricity, and steam, which are essential for various industries and households. They also provide industrial water and wastewater treatment, municipal water and wastewater treatment, and water reclamation services.
For homeowners, Sembcorp offers fixed rate plans and off-peak plans, ensuring price stability and flexibility in managing power consumption. Businesses can benefit from bespoke energy pricing plans, optimizing costs and operational efficiency.
Here's a breakdown of Sembcorp's products and services:
Industry and Competitors
Sembcorp Industries Ltd operates in a competitive industry, with several key players vying for market share. Sembcorp is a public company, listed alongside other public companies like Datang International Power Generation Co Ltd and Tata Power Co Ltd.
Sembcorp's headquarters is located in Singapore, a strategic location that allows the company to tap into the region's growing demand for energy. This is in contrast to Datang International Power Generation Co Ltd, which is headquartered in China.
Here are the key competitors in the industry:
These companies are all significant players in the industry, with a combined workforce of over 49,000 employees.
Competitor Comparison
Let's take a closer look at the competitors in the industry. Sembcorp Industries Ltd is headquartered in Singapore, which is also the case for Keppel Ltd and Beng Kuang Marine Ltd.
The number of employees at these companies varies significantly, with Sembcorp Industries Ltd having 5,283 employees and Datang International Power Generation Co Ltd having a whopping 27,126 employees.
Here's a comparison of the key parameters for these competitors:
Utilities Location
SembCorp Utilities is based in Singapore, Central Singapore.
SembCorp Utilities is a Singapore-based company, as it is based in the country's Central Singapore region.
The company's location in Singapore gives it a unique advantage in the industry.
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NaICS Code for Utilities
The NAICS code for SembCorp Utilities is 55, 221, 551, and 22. These codes are used to identify the industry and business activities of SembCorp Utilities.
If you're looking to classify a business like SembCorp Utilities, you'll need to use these NAICS codes to ensure accuracy and compliance.
The NAICS codes for SembCorp Utilities are [55, 221, 551, 22].
Community Initiatives
Sembcorp's commitment to community involvement is a standout in the energy sector. It organises the annual "Sembcorp Gives Back" initiative to encourage Singaporeans to adopt an eco-friendly lifestyle.
This initiative is a testament to Sembcorp's dedication to making a positive impact on the community. It also shows how much the company values its customers and the environment.
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Sembcorp collaborates with schools for educational programmes that aim to teach energy conservation awareness to the younger generation. These programmes are a great way to instill good habits from a young age.
By focusing on community involvement, Sembcorp has positioned itself as a key contributor to Singapore's energy sector. Its commitment to affordability, customer experience, sustainability, and community involvement has made it a leader in the industry.
ICT Spend & Priorities
Sembcorp Industries Ltd likely spends across various technology areas, enabling us to understand their digital strategy.
IT Client Prospector provides intelligence on this spend, giving us valuable insights into their tech priorities.
Their likely spend across technology areas is a crucial aspect of their digital strategy, and understanding it can help us anticipate their future moves.
According to IT Client Prospector, their likely spend can be broken down into specific areas, allowing us to see where they're focusing their efforts.
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Tenders and Contracts
Sembcorp Industries Ltd has a dedicated section for Tenders & Contracts, providing detailed insights into various tenders and contracts.
This section gives you access to open, awarded, and pre-solicited tenders and contracts.
You can find information on the different types of tenders and contracts, such as open tenders and awarded contracts.
Sembcorp's Tenders & Contracts section is a valuable resource for those interested in learning more about the company's procurement activities.
It's a great place to start if you're looking for information on how to participate in tenders or contracts with Sembcorp.
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Customer Experience
Sembcorp places a high value on customer experience, recognizing it as the cornerstone of their business operations. They understand that offering high-quality products or services is just the beginning in today's competitive market.
To gain a competitive edge, Sembcorp focuses on providing an unparalleled customer experience, with a significant emphasis on customer service and satisfaction. This approach helps build strong relationships with customers.
Sembcorp provides an intuitive online platform and a user-friendly mobile application, allowing customers to easily manage their accounts, monitor their energy usage, pay their bills, and receive support when needed.
Charts and Data
Sembcorp is a global energy major with a diverse portfolio of businesses. They have a significant presence in the Asia-Pacific region, with a total installed capacity of over 12,500 megawatts.
Sembcorp's revenue has been steadily increasing over the years, with a compound annual growth rate (CAGR) of 10% from 2015 to 2020. Their revenue reached SGD 3.6 billion in 2020.
Sembcorp's renewable energy capacity has grown rapidly, with a CAGR of 25% from 2015 to 2020. They now have over 3,500 megawatts of renewable energy capacity.
Sembcorp's integrated utilities business has a strong presence in Singapore, with a 90% market share in the country's power market.
Frequently Asked Questions
Who is the CEO of Sembcorp?
Wong Kim Yin is the CEO of Sembcorp Industries Ltd, bringing 30 years of leadership experience in investment management and the energy sector.
Is sembcorp a buy?
Sembcorp Industries has a consensus rating of Moderate Buy, indicating a neutral to positive outlook from analysts. However, this rating is based on individual opinions, and it's essential to consider multiple factors before making an investment decision.
What is the new name of Sembcorp?
The new name of Sembcorp Marine is Seatrium. This change occurred on 27 April after a combination with Keppel O&M.
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