Month: June 2021

Sembcorp Industries share price in India nightmare

Sembcorp Industries share price

LIFETIME MEMBERSHIP My last coverage on Sembcorp Industries share price was in February 2021. That was before the devastating second wave of COVID-19 infections took place in India. With a significant business exposure in India, what would be the impact levied on Sembcorp Industries share price? So far, the management had updated that its assets in Myanmar continued to be in operations despite the civil unrest. But there were no updates on the situation in India. On this note, investors have every reason to be concerned about Sembcorp’s India operations.

Sembcorp (SGX: U96) share price worth $4?

Sembcorp Industries share price gave me 37% return!

Sembcorp Industries share price

Given the situation in India, there are plenty of uncertainties for Sembcorp Industries share price. It doesn’t help that there are no business updates for the 1st quarter financial performance. The Group is not required to file quarterly results as SGX had ceased the quarterly financial reporting requirement. Without clarity on this significant downside risk, investors are left wondering how Sembcorp Industries will fare in the upcoming 1HFY2021 financial result.

Through Sembcorp Energy India Ltd (SEIL), Sembcorp Industries has $1.57 billion worth of ownership interest in India. SEIL has wind, solar and thermal power assets …

Sarine Tech share price to do an iFAST?

Sarine Tech share price

LIFETIME MEMBERSHIP Diamond, diamond, in the sky. Who’s the shiniest of them all? The raging form of iFAST has set many SGX technology stocks on fire, and Sarine Tech share price is one of those riding on the current wave. For perspective, the counter has surged by 45% since the start of the year. While Sarine Tech share price is still some way off the record high of $3.20 seen in 2014, its current share performance is impressive given the current market condition.

A loyal supporter of SG Wealth Builder wrote in to seek my insights on the outlook of Sarine Tech share price, so I feel obliged to write a balanced view on this counter. As I have mentioned before, my investment philosophy is that there are no good or bad stocks. In the stock market, there are only good or bad strategies. It is possible that investors make money out of risky stocks. Conversely, many seasoned investors have lost their pants investing in purportedly “safe” stocks like Hyflux and Eagle Hospitality Trust.

Sarine Tech share price

Before I share my view on Sarine Tech share price, let’s do a brief company background. Firstly, Sarine does not sell diamonds. Instead, the Israel …

DBS Group Holdings share price at record high!

DBS Group Holdings share price

LIFETIME MEMBERSHIP Has DBS Group Holdings share price fulfilled its destiny? On 14 April, I wrote that DBS Group Holdings share price could smash past $30 following the release of the first quarter business update. Indeed, DBS Group Holdings share price did not fail to disappoint investors. Recently, the counter hit the record high of $30 on the back of a stellar financial result.

For perspective, the Group’s first-quarter 2021 net profit doubled from the previous quarter and increased 72% from a year ago to $2.01 billion. Thus, the buoyant form of DBS Group Holdings share price is not unexpected. To put the icing on the cake, it was the first time that DBS’ quarterly earnings crossed $2 billion. The solid financial result is amazing given that global economy is still in the doldrum amid the global pandemic crisis. Question now is: where would DBS Group Holdings share price go from here?

DBS Group Holdings share price

DBS share price (SGX: D05) bottomed out?

DBS Group Holdings riding the storm

DBS Group Holdings share price & Piyush Gupta

Since November 2020, DBS Group Holdings share price basically went on a rampage. The counter surged from $21 to the current $30. The roll-out of COVID-19 vaccination …

OCBC share price to test $15?

OCBC share price

LIFETIME MEMBERSHIP What a boisterous form for OCBC share price! In my previous article, I shared that OCBC share price could be on fire with the release of the first quarter financial result. Indeed, OCBC did not fail to deliver. Group net profit for 1QFY2021 of $1.50 billion was significantly higher than the $698 million a year ago.

But then again, Man proposes, God disposes. All local bank stocks, including OCBC share price, suffered a correction following news of the first COVID-19 case at Changi Airport. Since then, the growing number of infections linked to Changi Airport has turned it into the largest cluster in 2021. Against this backdrop, the narrative for OCBC share price turned sombre. From $12.60 on 10 May, OCBC share price tanked to $11.70 on 14 May. In this regard, volatility remains the name of the game for OCBC share price.

OCBC share price to surge with 70% profit jump?

OCBC share price in new dawn

OCBC share price

It certainly seems that the proverbial “sell in May and go away” syndrome is in play even as COVID-19 continues to rage in various countries. But the blip for OCBC share price did not last long as the Group embarked …