Sembcorp Industries ("SCI") had decided to part ways with its shipbuilding subsidiary, Sembcorp Marine. You can find the official announcement [here]. I used to be a SCI shareholder. I was attracted to the relatively defensive and geographically diversified revenue portfolio. However, I sold all of my SCI shares in April 2019 after the Board opted to cut the dividend. Back then, the conglomerate was still making a reasonable 17 cents EPS, so I was disappointed with the Board's decision to distribute only 4 cents of annual dividend. On hindsight, I was lucky to have gotten out at that time. SCI stock price had sunk 25 percent since then.

SCI price since April 2019. Data source: Yahoo! Finance

With the loss-making SCM going out of the picture, I received inquiries coincidentally from both my friend and my spouse on whether SCI is worth investing now. I hadn't been keeping track of SCI developments,...