Dear readers, today’s key highlight for Singapore stocks markets has to be inevitably the rally in Sembcorp Marine stock. Sembcorp Marine stock rose by some 9.4% to reach a high of $2.09.So what could have caused the rally? A search on the internet has some guessing that it could be possible privatization or some big deals the Sembcorp Industries has snapped. There are some guesses on the recent rally in oil prices.
If you have been reading my blog, you would guess what camp would Tom K be in. Tom K is a believer of the privatization of Sembcorp Marine stock as you would have seen me writing really very frequently on this topic last year (example this post here ) . In fact, as soon as Sembcorp Industries announced it was embarking on the Strategic Review of the Group last year, I have reckoned till now that ......