Grim outlook ahead for Sembcorp's energy arm

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No The downtrend will last for the rest of the year. Sembcorp sees a “markedly lower” performance in its energy business for this year as demand and prices fall due to the coronavirus pandemic, a bourse filing revealed. Whilst its energy arm remains anchored by long-term contracts, market lockdowns and lower power demand in Singapore, India and the United Kingdom will contribute to the downtrend that is expected to last for the rest of the year. read more