Sign up for only $19.99! Is CEO Wong Kim Yin the Special One to bring Sembcorp Industries to the Holy Land? Since the explosive divorce with Sembcorp Marine, Sembcorp Industries share price had gone from strength to strength, surging from $1.18 in September 2020 to the recent $2.87. Within the span of nearly 2 years, Sembcorp Industries share price rocketed 140%. Given the splendid form of Sembcorp Industries share price, credit should be given to the Group CEO, Wong Kim Yin, who joined the Group only in July 2020. In 2022, against the backdrop of a challenging operating environment, Sembcorp Industries share price confounded many investors by continuing its fine run. Year-to-date, Sembcorp Industries share price rocketed 42% (at the point of writing). Given that pandemic is not still not

3 Aspects of Technical Analysis all traders should know! Facebook0Pinterest0TwitterLinkedinReddit0 Chua Minghan, Assistant Manager, Dealing Chua Minghan graduated from the National University of Singapore with a Bachelor’s degree in Economics. He is passionate about education and went on to get a post-grad Diploma in teaching. His vision is to educate clients to make informed decisions for their trading and investments. Minghan enjoys learning fundamental analysis, technical analysis, and strives to use data analysis to improve his trading skills. It is common knowledge that trend trading is your friend. This means that you should conduct your trades in the direction of the trend. Trading in the direction of the trend allows yo

  A brand NEW sector has come into play this year due to rising oil and energy prices around the world.   The Russia Ukraine war that started in February has made the situation worst and also pushed inflation higher.   𝐒𝐨 𝐰𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐓𝐎𝐏 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤𝐬 𝐭𝐡𝐚𝐭 𝐚𝐫𝐞 𝐬𝐭𝐢𝐥𝐥 𝐢𝐧 𝐩𝐥𝐚𝐲 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐎𝐢𝐥 𝐚𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐬𝐞𝐜𝐭𝐨𝐫?     Joey here, Top Tier Remisier and trader in Phillip Securities.   Over the past few weeks, we have seen some profit taking in some of them while others continue to push even higher..   Which are the stronger ones you want to focus on

The Straits Times Index rose 49 points or 1.5% to 3,240.58 Main support came from positive news out of China Wall St continued to be rocked; S&P 500 on the brink of bear market Main fears are inflation, interest rates and possibility of recession Sembmarine expects first half to be significantly better SIA posted a loss but expects to be profitable for FY2023 China electric vehicle maker Nio makes decent mainboard debut News out of China helped support the STI Wall Street shares continued to come pressure last week, which meant so did the local market. The same fears that have prevailed for the three months since Russia invaded Ukraine drove the selling, namely rising inflation, supply chain disruptions, a continued lockdown in China and monetary tightening by central banks, all of

The details of Keppel’s O&M arm and Sembcorp Marine’s merger has finally been announced, providing ... Read more >> The post Keppel’s Offshore & Marine and Sembmarine merges – what do both shareholders need to know? first appeared on .

The STI lost 36 points or 1.1% at 3,383.28 Strong signals from the US Fed of faster-than-expected tightening were responsible Those signals came from comments by Fed governors and the minutes of the March FOMC meeting Nasdaq worst hit due to spike up in 10-year Treasury yield Singapore’s March PMI was the lowest since Aug 2020 SGX queried Yoma and Sembcorp Industries over unusual price movements Frasers Hospitality up on privatisation talk; EC World Reit down on loan refinancing concerns The Straits Times Index lost its grip on 3,400 The Straits Times Index came under pressure last week partly because of the ongoing Ukraine-Russia conflict and partly because of hawkish comments by US Federal Reserve governor Lael Brainard on Tuesday that sent Wall Street prices plunging on Tuesday an

The STI gained 6 points or 0.17% at 3,419.11 The gain came despite a negative external backdrop Keppel O&M and Sembmarine need more time to merge Yangzijiang was in play after capital injection into proposed spin-off SPH to cease trading on 7 April, to be delisted on 13 May Aviation activity to return to pre-pandemic levels by late 2024: UOB-Kay Hian US Treasury yield curve inverted after strong jobs report The STI held firm, possibly boosted by the reopening of the economy Despite no signs of when the war in Ukraine might end and notwithstanding concerns over high oil prices and the US Federal Reserve’s determination to raise interest rates aggressively this year, the Straits Times Index this week held its ground, rising a modest 6 points or 0.17% to 3419.11. A big part of this g

Since my last coverage on Sembcorp Industries share price in June 2021, there was much volatility for this counter. The pandemic disaster in India had caused much uncertainties for Sembcorp Industries’ India thermal projects, causing Sembcorp Industries to be bearish from June to October 2021. The litmus test arrived when the Group announced on 2 August 2021 the impairment of $212 million for its 49%- owned joint venture Chongqing Songzao Sembcorp Electric Power Co. That fateful announcement on 2 August 2021 caused Sembcorp Industries share price to tumble to a low of $1.80 in October 2021. Consequently, the management went on a rescue mission for Sembcorp Industries share price by embarking on a series of shares buybacks. As at 13 December 2021, the management repurchased 6,780,700 shar

The STI climbed a wall of worry to rise 166 points or 5.1% to 3,408.52 over the month The STI’s first quarter gain was 9.1% The rise came despite was in Ukraine and the US Fed signalling it will be aggressive in raising interest rates Oil prices weakened after news that US will tap its reserves The US Treasury yield curve inverted twice during the week US inflation is still running red hot Banks and hospitality Reits were best performers Sembmarine gave notice of 3 years of losses Market cap rose 2.8% to S$884.2b Stocks managed to climb a “wall of worry’’, STI up 9.1% in 1Q The Straits Times Index managed a 166 points or 5.1% gain at 3,408.52 over the month of March, which might lead to quite a few raised eyebrows given that the war in Ukraine is dragging on, oil prices are sti

First published in Business Times on 14 October 2021 Based on feedback received by the Securities Investors Association (Singapore) or Sias, there is confusion and misunderstanding within some segments of the retail investing public over Temasek Holdings’ mandatory conditional general offer to acquire all the issued and paid-up ordinary shares in Sembcorp Marine (Sembmarine). Some retail investors think that whenever a takeover offer is tabled, it must be at a premium to the share price at the time in order to make sense. Since Sembmarine’s shares traded just above S$0.08 on Sep 22 when the offer was announced, they are wondering why Temasek has been allowed to offer only S$0.08. Others have asked if the word “mandatory” means that they are compelled by law to accep