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Aug 26 at 03:35 PM
$Sembcorp Ind(U96.SG)
Context:
50% of Sembcorp is held by Temasek. Sembcorp Industries is no longer just a traditional Singapore utility. The investment story is increasingly about energy transition + power demand from data centres/AI + international expansion.
My trade: Closed. It's my third biggest holdings in Sg market, after banks only.
Take away: Singapore's data-centre expansion means demand for reliable electricity should remain strong. Sembcorp already has around 1GW of contracted power load associated with this demand.
That gives Sembcorp exposure to the AI boom without having to buy an AI semiconductor stock.
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