SINGAPORE, Jan 19, 2026, 15:30 SGT — Regular session
Sembcorp Industries shares nudged higher on Monday, holding close to the day’s peak as investors weighed the company’s upcoming move on the Alinta Energy deal. By 3:30 p.m., the stock had gained 3 Singapore cents, or roughly 0.5%, to S$6.15, up from a previous close of S$6.12. Intraday, it swung between S$6.09 and S$6.18. (Google)
The gain came amid a weaker day for risk assets. Singapore’s Straits Times Index slipped roughly 0.5% earlier, with Asian stocks falling after U.S. President Donald Trump threatened fresh tariffs on several European nations, according to a Straits Times report. (The Straits Times)
Sembcorp has scheduled an extraordinary general meeting (EGM) for Jan. 30 to approve the proposed deal. According to its website, CPF and SRS investors must appoint the meeting chairman as proxy by 5 p.m. Monday. The deadline to submit advance questions is Jan. 22, while proxy forms are due by Jan. 27. (Sembcorp)
Sembcorp is set to report its FY2025 earnings on Wednesday, Feb. 25, before the market opens. This was confirmed in a recent filing. (SGX Links)
In December, Sembcorp revealed it had struck a deal to acquire Alinta Energy for an enterprise value of A$6.5 billion (S$5.6 billion), a figure that factors in debt. The company pegged the estimated purchase price at roughly A$5.6 billion and plans to finance the transaction in cash through bridge and working capital facilities — essentially short-term loans. Group CEO Wong Kim Yin described the acquisition as one that “gives us a strong position in a key developed market.”
Sembcorp is positioning Alinta as a ready-made foothold in Australia, boasting nearly 1.1 million customers and 3.4 gigawatts of installed and contracted generation capacity spanning coal, gas, wind, and solar. The company also spotlighted Alinta’s hefty 10.4-gigawatt pipeline of renewable and “firming” projects—assets such as batteries designed to balance supply when wind and solar fluctuate. (Sembcorp)
The deal comes with a notable downside. Adding Alinta’s coal assets will increase emissions intensity—carbon output per unit of power generated—and derail Sembcorp from its 2028 target, the company admits. Still, management insists the acquisition supports a shift toward renewables, not a recommitment to coal. (The Business Times)
The vote process is getting stricter. The meeting notice states questions must arrive by 5 p.m. on Jan. 22, with answers posted no later than 48 hours before proxy submissions close. (SGX Links)
SGXNet documents reveal the EGM is set for 10 a.m. on Jan. 30, with proxy responses required by 10 a.m. on Jan. 27. The Alinta acquisition stands as one of Sembcorp’s largest international moves and would tilt its growth narrative further toward Australia. (SGX Links)
Two key dates stand out: the Jan. 30 shareholder vote on Alinta, then the FY2025 results drop on Feb. 25 ahead of the market open, with a webcast briefing at 11 a.m. Investors want clarity on Sembcorp’s funding strategy for the deal and how it aligns with their emissions targets. (Sembcorp)
