I choke on the Sembcorp cigar puff. It did bounce with a relative better results as compared to expectations. But I bought at $3.85, thinking it was touched a low. LOL
Sembcorp Utilities
In my previous post, I mentioned that Sembcorp Industries should be better QoQ. The numbers did not disappoint, and the overseas utility did offset somewhat the continued weakness in Singapore Market.
The fall could have been much worse if the overseas market did not pick up the slack.
However, the numbers are puzzling. Given that overseas net profits increase QoQ, one would have attribute the increase of the main contributor would have to be India, the only new expansion from Q1. However, Management only attribute the higher turnover to the "India factor" but not net profits. If you look at the breakdown of India and others Net profits from Q1 to Q2, it is the ......