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Sold Sembcorp Industries after 8 years! For whopping 100% Profit!?
By Live Rich Life Free  •  June 6, 2023
 

The love-hate relationship between me and Sembcorp Industries (SGX:U96) officially ends today.  I sold off my paltry 2,400 shares of Sembcorp Industries at $5.38.
In 2015, after switching from a trader to become a novice investor, the first stock on SGX I picked and nibbled was Sembcorp Industries (SCI). My purchases were 800 shares at $4.18 on 24 Feb 2015, 700 shares at $4.77 on 22 Apr 2015 and 900 shares at $3.15 on 2 Dec 2015. The average holding cost was around $4.00. I made full use of the $10 odd lot (<1000 shares) brokerage promotion after I opened my POEMS account with Philips Securities. That decision was made after attending many seminars, read many books on value investing, fundamental analysis and so on. At that time, I believed in the long term prospects of SCI as a global leading energy provision, utilities supply, waste...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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