Shares & Derivatives
Is SCI at $3.71 a good SELL?
By Financial Stewardship  •  March 7, 2023
Sembcorp Industries is a govt-linked energy and urban solutions company with a market cap of $7B. With the latest good FY22 results of $848 net profit, they have proposed a 4c+4c final+special dividend (FY dividend yield 3.2%). After divesting its interests in Sembcorp Marine, it has climbed steadily from the past 3 years to $3.71 It is currently hovering close to its recent 52w high of $3.83, with some sellers eager to divest for profit. Will it be able breakthrough this price resistance level to achieve $4? Please help to comment below 😎 *Disclosure: I am currently vested in SCI...
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By Financial Stewardship
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