SembCorp Industries

[money]

SEMBCORP COMPLETES DIVESTMENT OF STAKE IN SEMBSITA PACIFIC Singapore, November 6, 2015 – Further to its announcement of September 21, 2015, Sembcorp Industries (the Group) wishes to announce that its wholly-owned subsidiary, Sembcorp Environment, has completed the divestment of its 40% stake in SembSita Pacific to Suez Environnement Asia. The Group will recognise a net gain of approximately S$350 million for the financial year ending December 31, 2015 from this transaction. With the completion of this divestment, SembSita Pacific and its entities now cease to be part of the Group.

http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

With this divestment, the full year results should be decent.

One off quality of earnings not fantastic...

This is a joke? This is 350m$ of real money. This is like when u made an investment in a real estate and sold it off later for 300+% gain and u tell yourself that this is nothing fantastic.

http://www.valuebuddies.com/thread-6731-...#pid121520

When u consider Superman busy looking for deals in Europe and Down Under and SCI selling out of Down Under to invest in high risks supposedly high returns emerging markets... u can decide for yrself if the fun mgrs within SCI are jokes or not...

So far SCI's utilities division has yet to deliver the stable earnings profile despite having the division for years.

With Sembmarine facing huge headwinds... $350m real $ will be gone with the wind very soon...

YMMV
GG

There's truly nothing much to brag about when this 350m is a one-off profit while the marine arm is bleeding badly.