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 …