Finally Sembcorp Industries (SCI) is at its 10 year highs of $5.50, an incredible strong run over the past 2-3 years from a government linked company. It's almost unimaginable that such a blue chip stock, would have a price increase that is only typically seen in a much smaller size growth enterprise
See also:
With price levels above $5, various research houses have been busy evaluating again what should be the real target price of SCI moving forward. I have been steadily taking profit at my long time investment and unfortunately only have a small position left, as I did not purchase much during the distressed price in 2020
While it is true that SCI have divested the cyclical business of Sembcorp Marine (SMM) for the better, such a phenomenal price rise still seems too good to be true. With current hot news on climate change and renewables, SCI does seem to be in a good business to concentrate for the future.
Hmm... should I continue to sell into new price highs, or just trail the yellow moving average MA10, or just wait further for psychological level of $6! 😂 Let me know in your comments below
