Singapore, Jan 11, 2026, 15:33 SGT — Market closed.
- Sembcorp Industries (SGX:U96) ended Friday at S$5.99, slipping 0.66%
- Attention turns to the Alinta Energy acquisition: a circular is due mid-January, with a shareholder vote planned for the end of the month
- On Friday, shares fluctuated from S$5.96 to S$6.03, shy of last week’s peak at S$6.10
Sembcorp Industries Ltd shares ended Friday down 0.66%, closing at S$5.99 after fluctuating between S$5.96 and S$6.03 during the day. Since the start of 2026, the stock has fallen roughly 1.5%, with around 4.5 million shares traded on Friday.
The Singapore market was closed over the weekend, leaving the stock stuck near S$6 as Monday’s session approaches. All eyes remain on a major corporate event that could change the narrative.
Sembcorp plans to acquire Australia’s Alinta Energy in a deal valued at A$6.5 billion (S$5.6 billion) on an enterprise value basis, according to a December investor presentation. The company intends to pay cash, backed by a fully committed A$6.5 billion bridge loan, which is a short-term financing tool usually replaced later with long-term funding. No equity fundraising is planned. Sembcorp aims to issue the circular and notice for an extraordinary general meeting by mid-January, with a shareholder vote expected by the end of January. Completion is targeted for the first half of 2026, pending regulatory approvals. (Sembcorp)
In a joint press release, Alex Tan, president and CEO for Renewables, East at Sembcorp, described the acquisition as a move to “strengthen” the group’s foothold in Australia and create a “scalable platform” for speeding up renewables and low-carbon growth. Alinta CEO Jeff Dimery referred to Sembcorp’s investment as “a vote of confidence” that would boost the scale of renewables and storage projects.
Sembcorp slipped late in the week while Singapore’s Straits Times Index crept up 0.1% to 4,744.66 on Friday. Regional markets mostly moved higher. Neil Wilson, UK investment strategist at Saxo Markets, warned the tariff debate might create “headline noise” but stressed: “Tariffs are not going anywhere.”
By Friday’s close, Sembcorp’s market cap stood near S$10.65 billion. The stock changed hands at a price-to-earnings ratio of about 10.7, based on figures from StockAnalysis.com.
Analysts have divided the Alinta deal into two parts: a near-term earnings boost and a longer-term carbon challenge. Luis Hilado from Citi Research called it “half-full” on earnings per share but “half-empty” when it comes to emissions. Meanwhile, CGS International’s Lim Siew Khee and Meghana Kande cautioned that the market might take a while to digest the increased coal exposure, The Business Times reported last December. (The Business Times)
The timetable remains uncertain. The deal requires shareholder approval, plus sign-offs from Australia’s Foreign Investment Review Board and the Australian Competition and Consumer Commission. On top of that, Sembcorp has to refinance the bridge facility on terms that make sense if borrowing costs stay elevated.
Traders are keeping an eye on whether the stock stays above Friday’s S$5.96 low and how it moves around S$6 in Monday’s session, Jan 12. If it climbs back toward last week’s S$6.10 high, the shares could shift from a fade to a wait-and-see stance.
