Shares & Derivatives
Sembcorp Industries’ Share Price is Hitting a 3-Year High: What’s Next?
By The Smart Investor  •  April 12, 2022
The stock market is reeling from the effects of higher interest rates and the Russia-Ukraine war. But these troubles don’t seem to have dampened investors’ mood toward Sembcorp Industries Limited (SGX: U96), or SCI. The leading energy and urban solutions provider saw its shares hit a three-year high recently at S$2.85, exceeding the S$2.74 it was trading at on 12 April 2019. To be sure, the share price is still around half of the level the group traded at back in September 2012. For context, a decade ago, oil prices were still riding high above US$100 per barrel (see chart below) and its then-subsidiary, Sembcorp Marine Limited (SGX: S51), or SMM, was performing well. Source: Marcotrends.net With SMM trading as a standalone company and oil prices surging nearly five-fold from their low two years ago, could SCI revisit the highs it set a decade ago? A splendid set of earnings SCI reported a splendid set of earnings for its fiscal 2021 (FY2021)....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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