SGX:U96Integrated Utilities
Sembcorp (SGX:U96) Stock Grapples With Revenue Growth And Thinner Margins
Sembcorp Industries went into this earnings print with a flat 7 day share price and a weak 90 day stretch that left the stock down about 8.8%. The market had already been questioning how much profit pressure was baked into the current valuation.
The headline from this half year is clear. Underlying net profit for H1 2026 came in at SGD 369m, while trailing net profit margin over the past 12 months sat at 9% compared with 16.5% a year earlier. That profit squeeze is what today’s price reaction...