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...