It could be the blockbuster IPO of the year. While Singtel is singing the blues with its India’s misadventure, Sembcorp Industries share price has been in golden form lately with its potential listing of its India asset – Sembcorp Energy India Ltd (SEIL).
Every dog has its day and confidence means everything in the stock market. Currently, Sembcorp Industries share price appears to be enjoying a splendid run since the fateful demerger from Sembcorp Marine. Can the leading energy and urban development group achieve a critical business turnaround?
Within the SGX Mainboard, business turnarounds are far and a few. One of the rare exceptional cases is AEM Holdings, which I had previously invested in (and subsequently sold off). Sembcorp Industries share price could have the opportunity to join this exclusive club following the culmination of a series of bold business moves. In fact, I am convinced that Sembcorp Industries share price will hit $3.00 in the coming months.
With Temasek Holdings holding 50% stake, it is only a matter of when, and not if, that Sembcorp Industries share price recovers to the $3.00 mark. Of course, my conviction is not due to blind faith, but based on the various contract wins and series of divestments. And then there is the exciting dream of the India listing of its asset – SEIL.
Indeed, the above catalysts may unlock the true value of Sembcorp Industries share price but the road ahead is full of uncertainties. After all, the global economy is still grappling from the fallout of the COVID-19 pandemic, oil prices are still in depressive states and we are still in the midst of a bitter trade war between USA and China. Therefore, it is important to delve into the financial statement to gain a deeper insights on the outlook of Sembcorp Industries share price.
Note that this is an opinion article and not meant to be a financial advice. Please do your due diligence or engage financial advisors before investing in the stock market. I am vested in this counter. Thus, the views expressed in this article may be biased.
Sembcorp Industries share price seeing daylight?
Sembcorp Industries share price could be at a turning point because of [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
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