Sunday, 5 March 2023

Is SCI at $3.71 a good SELL?



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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