$SEMBCORP INDUSTRIES LTD(U96.SI)$ all Sembcorp investors should be quite relieved after reading the short sell report. Around 35% of the volume yesterday were shorted shares. I believe good company can withstand the short term pressure. Hopefully the management can do something to support the price eg. Share BuyBack or Director market purchase. DYODD.
$Sembcorp Ind(U96.SI)$ This selldown is again unjustifiable. Citi comments were not new: Rupee headwinds, soft retails spread for nearly 50% of Senoko renewal plan. Looking forward, Alinta acquisition earnings contribution and India asset monetisation are the positive events that could move sembcorp. Meanwhile, all fundamental of sembcorp is still strong. Citi is writing the report to collect cheap chips. From my point of view, it could back to $6 very quickly, when we getting closer to H1 result. Just my piece of thoughts, DYODD.
$SEMBCORP INDUSTRIES LTD(U96.SI)$ profit taking + sell on news today. Bear in mind Sembcorp EPS is 30cents in H1 which is decent although it certainly missed some analysts forecasts. Also, 25% of today's volume are short position. Might need to cover back if share price rebound.