Sembcorp Industries Ltd. is an investment holding company, which engages in the production and supply of utilities services, terminalling, and storage of petroleum products and chemicals. It operates through the following segments: Utilities, Marine, Urban Development, and Others/Corporate. The Utilities segment involves in providing energy, water, on-site logistics, and solid waste management services to industrial and municipal customers. The Marine segment provides integrated solutions for the offshore and marine industry, which include rigs & floaters; repairs & upgrades; offshore platforms and specialized shipbuilding. The Urban Development segment owns, develops, markets and manages industrial parks as well as business, commercial, and residential properties. The Others/Corporate segment includes minting, design, construction, offshore engineering and other businesses. The company was founded on May 20, 1998 and is headquartered in Singapore.
Comparing the value of the Australian share market as a whole with global indices can be a dangerous and futile exercise. After all, most investors are individual stock-pickers not index huggers. However, once you recognise exactly how top-heavy the ASX is compared to the US and other global markets, you’ll sit up and take notice when analysts have concerns over valuations.