Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/1087" target="_blank" data-smartkarma-citation="entities:1087">Sembcorp Industries Ltd</a> (SCI) announced last night that it has raised its stake in one of its two India mega power plants (TPCIL) by 19.5% to 86.9%. They paid S$73m for this purchase.I have discussed details of its India power business in my previous insight ( <a href="https://www.smartkarma.com/insights/sci-company-meeting-take-away-sg-power-market-bottoming-india-to-soar" target="_blank" data-smartkarma-citation="insights:2824">SCI Company Meeting Take-Away: SG Power Market Bottoming, India to Soar</a> ).<h2>Key details</h2><ul><li>This transaction implies an equity value of S$374m for TPCIL. This is broadly in line with its current book value (which is based on a project cost of…</li></ul>

Sembcorp Industries Ltd (SCI) announced last night that it has raised its stake in one of its two India mega power plants (TPCIL) by 19.5% to 86.9%. They paid S$73m for this purchase.I have discussed details of its India power business in my previous insight ( SCI Company Meeting Take-Away: SG Power Market Bottoming, India to Soar ).Key detailsThis transaction implies an equity value of S$374m for TPCIL. This is broadly in line with its current book value (which is based on a project cost of…

Sembcorp Industries: Increases India Thermal Stake Again

<a href="https://www.smartkarma.com/entities/1087" target="_blank" data-smartkarma-citation="entities:1087">Sembcorp Industries Ltd</a> announced that it is increasing its stake in mega India power project NCCPP from 49% to 88% at a cost of INR6.5bn (or USD96.45m) (<a href="http://infopub.sgx.com/FileOpen/SEMBCORP%20INCREASES%20STAKE%20IN%20ITS%20SECOND%20THERMAL%20POWER%20PROJECT%20AND%20RENAMING%20OF%20NCCPPL.ashx?App=Announcement&amp;FileID=393900" target="_blank">link to announcement</a>). The valuation is based on par value of shares and carrying cost. NCCPP is at the same time renamed to Sembcorp Gayatri Power.Recap - India Thermal. We spoken with management previously on SCI's India strategy ( see the India section in my previous insight <a href="https://www.smartkarma.com/insights/sci-company-meeting-take-away-sg-power-market-bottoming-india-to-soar" target="_blank" data-smartkarma-citation="insights:2824">SCI Company Meeting Take-Away: SG Power Market Bottoming, India to</a>…

Sembcorp Industries Ltd announced that it is increasing its stake in mega India power project NCCPP from 49% to 88% at a cost of INR6.5bn (or USD96.45m) (link to announcement). The valuation is based on par value of shares and carrying cost. NCCPP is at the same time renamed to Sembcorp Gayatri Power.Recap - India Thermal. We spoken with management previously on SCI's India strategy ( see the India section in my previous insight SCI Company Meeting Take-Away: SG Power Market Bottoming, India to…

Sembcorp Industries: Ups Stake in India Thermal, One Step Closer to IPO?

India

Gayatri Projects Ltd. offers construction services.  The Company builds infrastructure projects such as dams, highways, bridges, canals, aqueducts, and ports.

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Gayatri Projects (GAYP IN)

Sembcorp Industries: Increases India Thermal Stake Again

Sembcorp Industries Ltd (SCI) announced last night that it has raised its stake in one of its two India mega power plants (TPCIL) by 19.5% to...

Ke Yan, CFA, FRM

Sembcorp Industries: Ups Stake in India Thermal, One Step Closer to IPO?

Sembcorp Industries Ltd announced that it is increasing its stake in mega India power project NCCPP from 49% to 88% at a cost of INR6.5bn (or...

Ke Yan, CFA, FRM

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Market Cap (USDm)

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