Sembcorp Surges 5% amid HSBC Flags Asian Energy Plays as Trade War Shelters
Sembcorp Industries Ltd stock surged 3.11% in the trading session, as investors reacted positively to the company's recent announcement of a significant dividend increase and strategic reorganization plans.The energy and urban solutions provider reported a mixed set of results for 2024, with revenue falling 9% year on year to S$6.4 billion, while net profit remained flat at S$1 billion. Despite the flat financial performance, SCI impressed investors by hiking its final dividend by 112.5% year o