I’m writing this to update my previous post on Sembcorp Industries, after the recent fall in the share price of Sembcorp Industries and Sembcorp Marine.
Sembcorp Industries: A Short Update
On Dec 1, Sembcorp Marine issued a profit guidance saying that it expects a net loss for the last quarter of this year and a significant decline in the profits. After the news, the price of Sembcorp Marine and Sembcorp Industries has dropped and they are currently at $1.88 and $3.10 respectively.
Previously I was already thinking of buying into Sembcorp as it seemed quite good (wasn’t too sure at the time) but with the recent drop in the price I decided to pick up a few lots. I guess it was sort of expected that Sembcorp Marine will not be doing very well but with the utilities making up the majority of the net profit for Sembcorp Industries, I think …