Shares & Derivatives
Sembcorp Industries’ Share Price is Hitting a 5-Year High: Can the Utility Giant Continue its Momentum?
By The Smart Investor  •  March 29, 2023
There is a famous line from veteran investor Warren Buffett that goes: “If the business does well, the stock (price) eventually follows”. Investors in Sembcorp Industries Ltd (SGX: U96), or SCI, can attest to the accuracy of this statement. The blue-chip utility group has seen its share price scale a five-year high to close at S$4.30 recently. The last time SCI’s share price touched this level was back in May 2015, almost eight years ago. The group’s share price has also soared 58% in a year and is up 25% year to date. The utility and urban development giant must be doing something right to see its share price scaling multi-year highs. What investors may like to know is – can SCI continue this momentum and see its business scale new heights? Net profit and dividend at multi-year highs...
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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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