Dear readers, yesterday noon, I posted an important update about Sembcorp Marine right here on this blog. I shared with readers that Sembcorp Marine stock may be poised for more downsides with the support at $1.90. I was right: Sembcorp Marine stock reached an intra-day low of $1.88 before finding support and closing the day yesterday at $1.90.

In the near term, without any catalysts in sight (though privatization may still be a remote possibility), I believe more downside is on the card for Sembcorp Marine stock. I think it is prudent to stay for me to clear of this stock for now since there are many other good fundamentals stocks at good prices on the …