I own a small quantity of Sembcorp Industries (SCI) shares in my portfolio. They were purchased in 2015 when I decided to invest in a great business dealing with energy generation, renewable energy, waste management, urban development and marine industries. It was a defensive growth stock paying decent dividends of 3.5% yield then. However the past 5 years, declining earnings and dividends plagued Sembcorp Industries as it was dragged down by the decline in marine and offshore and plummeting oil prices inflicted on its marine arm, Sembcorp Marine (SCM), of which it owns a 61% stake. After factoring in all the dividends collected over the past 5 years, my average holding cost is $3.30, suffering a more than 50% capital loss. There were plenty of chances to sell Sembcorp Industries to make decent profits but I chose to hold on due to faith in its essential global utilities business which...