WILL THIS STOCK BE THE NEXT PRIVATISATION TARGET?
by
Singapore Stocks Investing
·
May 5, 2017
Sembcorp Industries announced its Q1 2017 earnings on 3 May 2017 and the results announced were good: revenue, net profits as well as earnings per share have improved. Sembcorp Industries has a 61% stake in Sembcorp Marine, its offshore marine division. After the announcement, both Sembcorp Industries stock and Sembcorp Marine stock rallied on 4 May 2017 with a 5% gain for Sembcorp Industries stock and a 9.1% gain for Sembcorp Marine stock; trading volumes were high for both stocks, indicating bullishness among investors.
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