Dear readers, Sembcorp Industries stock closed at $3 per share yesterday. Compared this to the $3.38 per share reached in the previous month, Sembcorp Industries stock has corrected by almost 10%. The stock seemed to find support at $2.94 which was also a previous support for the stock in May 2017. In parallel, Sembcorp Industries stock has just come out from an oversold region and the 5-days moving average seems to be heading north once again.
But do not take the above as a confirmed buying opportunity though. In the current stocks markets, it pays to go into investing with the mindset that you are ready to hold the stock for a long time. Sembcorp Industries stock has dividend yield of 2.32% and is undervalued at 0.785. SGX website gives Sembcorp Industries stock a consensus target price of $3.279. Are these fundamental metrics attractive and ......