Sembcorp Industries have recently announced their full year results for the financial year ended 2014 and you can view the results on their website which I will not repeat and go through in detail here. I just wanted to focus on a few details which I am looking out for. 1.) Utilities by Segmental I've personally known many investors who are invested in SCI due to their resilient business in the utilities. We think that utilities is a segment that is defensive in nature and will be recurring and growing over time. Like any business, there is always the risks of competitor threatening and this is no exception. Never had we thought that the risk of a competitor would threaten the utilities business so fast which leads to the decline in the profit margin drastically. As an investor for the company, I think the key is to particularly look ... ...