SembCorp Ind after touching the low of 2.66 on 5th August 2016 it had since managed to trend higher to touch 2.77 on 12th August 2016. This is generally quite positive.
The share price has just went ex.dividend and closed lower at 2.71. This is quite normal for the share price to retreat a little, so long it does not go much lower than the dividend declared.
One consolation point to take note is that the volume is not high and Macd is showing sign of a positive divergence which may likely provide further indication that the share price may continue to trend higher.
Short term wise I think good value is surfacing again for P/B of 0.76, dividend of 3.6%, PE of less than 10. Looks like it may move up to re-visit 2.77 , breaking out of 2.77 with good volume that may propel to drive the share price higher towards 2.85 then 2.94.
(trade base on your own decision)
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