Sembcorp Industries Ltd (SGX: U96), or SCI, achieved an impressive share price performance over the past three years. At the beginning of 2021, SCI’s share price stood at S$1.71 but rose 17% to end the year at S$2.00. Over the next two years, the utility and urban development group saw its share price leap 69% and 57.1% in 2022 and 2023, respectively, to end at S$3.38 and S$5.31. For 2024, SCI’s share price has dipped by 10% thus far to end at S$4.81. Can the blue-chip group see a potential rebound and see its share price surpass its recent 52-week high of S$6.10? Multi-year financial improvement There’s good reason for SCI’s share price to rise over the years. The group managed to grow both its top and bottom lines as it successfully built its business. For 2020, revenue came in at S$5.4 billion and a net loss of S$997 million was incurred because of a fair value loss associated with the distribution...