Sembcorp Industries has announced its Q1 FY15 results for this evening after market close. Even though I had fully divested in the stock (original article here), I still keep a close lookout on its development and there are some things that I am particularly eyeing on in addition to what I've discussed in the past. 1.) Lower Utilities Net Profit (for Singapore segment) I am not sure why everyone is rather surprised at the drop in utilities we had for this financial year. I thought it's pretty obvious that with lower hsfo and oil prices, in addition to the higher competitive nature, we are going to see the segment performing worst than we had for previous year. Again, some may think that the overseas segment in particular the new India operations can make up for the weakness but as you can see below, the Singapore segment is ......