SembCorp

Update for SembCorp 27 Apr 2014 - SembCorp had a nice gap up on 15 April 2014 to $5.42 and closed well at $5.50 on the same day. This is rather bullish.
On 25 April it had manged to cross over $5.50 level and closed well at $5.55. All 3 indicators are pointing upwards which is rather positive.
Short term is more likely to head higher towards $5.60 then $5.70.(trade base on your own decision) 


Update for SembCorp 6 Apr 2014 - SembCorp had indeed went up to touch $5.50 on 31 Mar 2014. It has since drifted off and retreated lower to close at $5.37 on 4 Apr. All 3 indicators are showing sign of turning downwards which is rather negative. It may go down to test $5.33. Breaking down of $5.33 may see it goes further down towards $5.28 then $5.20.(trade base on your own decision)

Update for SembCorp 23 Mrar 2014 - SembCorp has managed to bounce off from the low of $5.11 on 20th Mar and closed well at $5.24 on 21 Mar 2014. Volume is also quite high this is generally positive + bullish. All 3 indicators are showing sign of turning upwards which is rather supportive of driving the share prices higher. Breaking out of $5.30 with good volume that may see its prices rises higher towards $5.40 then $5.50.(trade base on your own decision)


Update for SembCorp 28 Feb 2014 - SembCorp has attempted to cross over $5.50 but wasn't able to convincingly closed higher. Today closed at $5.41 with high volume is quite negative. Short term it may go down to test $5.30 soon.(trade base on your own decision)

Update for SembCorp 23 Feb 2014 - SembCorp has indeed managed to breakout $5.38 on 13 Feb 2014 and closed well at $5.44 on the same day. Volume is generally quite high which is rather positive. All 3 indicators are also turning upwards which may support the share prices from heading higher. Breaking out of $5.47 with good volume that may drive the share pries higher towards $5.60 then $5.80. (trade base on your own decision)

Update for SembCorp 28th Jan 2014
SembCorp manged to bounced off from the low of $5.22 and filled up the falling gap and closed well at $5.31 on 28th Jan. This may provide a temporary support for the prices from going further down. Immediate task is for it to breakout $5.38 with good volume in order to move up and reverse this downtrend. If not, breaking down of $5.21 may go down to $5.10 soon.
(trade base on your own decision)

Update for SembCorp 3rd Jan 2014 - As mentioned on 26 Dec 13 ,it was good to retreat a little of which it is a good sign. Reserving strength to test $5.50 again with high volume will send the prices higher to $5.60.
(trade base on your own decision)

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Sembcorp Industries Limited

Full steam ahead for UK energy-from-waste plant

SembCorp has bounced off from a low of $5.09 to $5.44 today in a span of 9 days. Looks like a little bit over-extended. In the meantime, should wait for it to pause a little and see if it is able to clear $5.48 with good volume in order for it to continue to move up. Short term TP $5.60.
(Trade base on your own decision0

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SEMBCORP Industries (SCI) has achieved financial close for its new energy-from-waste plant to be built at its UK Wilton facility. The Singapore-listed conglomerate will hold a 40 per cent stake in the project while joint venture partners SITA UK (a unit of Suez Environment) and I-Enviroment Investments Ltd (a unit of Itochu Corporation) will hold 40 per cent and 20 per cent respectively. 

The facility will use up to 430,000 tonnes per year of municipal waste, which would otherwise have gone to landfill, to produce sustainable power and steam.

It will reduce carbon emissions by an estimated 130,000 tonnes per year

(Source: The Business Times / Bloomberg / Straits Times)