Shares & Derivatives
Sembcorp Industries Annual General Meeting(19th April, 2016)
By Dividend Town  •  April 20, 2016
Sembcorp Industries & Keppel Corp held their AGM on the same day & I decided to go for Sembcorp AGM as I want to gain insights of their Utilities business. For Utilities business ,Chairman Ang mentioned the company adopt a prudent approach when investing in foreign countries. They will prefer to invest in the country which Utilities segment is not heavily subsidized by the local government because they do not want to be caught off guard when the subsidy is suddenly reduced or removed. A shareholder asked will there be any rights issue on hand as Utilities is a capital intensive business. Chiarman Ang replied Sembcorp balance sheet is not highly geared unless exceptional rare investments turn up ,they might do rights issue for shareholders. The best part is, Chairman Ang also mentioned they are looking to set up a fund management business for Utilities segment in the near future. For UK steam energy business, CEO Tan mentioned  ......
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By Dividend Town
I started off to grow my money by placing it into Fixed deposits ,buying Unit Trust ,Investment linked Plan ,Equity Linked Notes recommended by financial advisors but ...
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