Sembcorp Industries - OCBC Investment 2016-03-14: Up 38% since 21 Jan 2016 low of S$2.19
SEMBCORP INDUSTRIES LTD U96.SI Sembcorp Industries: Up 38% since 21 Jan 2016 low of S$2.19
- Since our 29 Jan 2016 sector report in which we highlighted the undervaluation of Sembcorp Industries’ (SCI) utilities segment, its share price has appreciated by 35%, compared to the STI’s 10% gain over the same period.
- In Jan, fear of an SMM privatisation by SCI was at its peak, and that weighed on SCI’s share price.
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