$SEMBCORP MARINE LTD(S51.SI)$
Let’s wait & hold and see how it goes.
SCM is diversitying their business to renewable energy sector so in the long term, there should be recovery.
For the short term till the rights issue, I think price should not drop too much. If price fall below the current support level@$0.12, it might go further downto $0.08.
So during the rights exercise, let’s wait till the last few days and see how the market moves. If it moves further than $0.12, then we can load more if we want to get more shares since it’s 3:2 ratio.
Assuming stocks fall below $0.08, then better not buy anymore. We should just grab when trading resumes in the open market.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments