$Sembcorp Ind(U96.SG)There are several reasons I still like the medium-term story. FY2025 underlying net profit was about S$1.0 billion, renewable capacity continued expanding, and roughly 80% of its contracted Singapore portfolio was locked in for five years or longer, giving some earnings visibility. The FY2025 dividend increased 9% to 25 cents/share. Analysts also expect the dividend to rise to around 27 cents, according to FT consensus.