SemCorp Industries

[ckmpd]

Semcorp Industries announced 1H2020 loss of $130m+. Expected to lose more money in 2H2020.

Time to accumulate SCI at $1.73

 

[ckmpd]

This morning SMM shareholders have voted to approve cutting SMM from SCI. It means, survival of SMM and boom time for SCI shareholders. SCI shareholders will be given abt 4500 shares of SMM for every 1000 SCI shares they hold. It also means $2.1B capital injection into SMM.

Perhaps TH is calling off buying Kep Corp in Oct and is reconsidering cutting Kep O&M from Kep Corp. Kep O&M can then merge with SMM to form a unified rig building company. If so Kep Corp and SCI will surged. Wait for more news in the coming months. Unlike you, I see opportunity to buy Kep corp cheap now. Let the wise buy kep corp at $4.80 now and wait for TH announcement. Kep Corp price will surge beyond $7

Sem Corp is going to surge to $2.20?

 

[ckmpd]

SCI was trading at $1.70 last week. Closed at $1.90 on thursday. Will we see $2.20 this week?

 

[bushtucker]

When would be a good time to sell the SCM rights and offload the SCM shares as well?

Is it during the XR period?

 

[ckmpd]

When would be a good time to sell the SCM rights and offload the SCM shares as well?

Is it during the XR period?

It depends on your risk appetite. I wld not sell the SMM rights. I prefer to subscribe to the rites and hold SMM shares and wait for TH to make a decision. SMM and Kep Corp will surge when TH decides to merge SMM and Kep O&M to benefit from economies of scale

 

[ckmpd]

When would be a good time to sell the SCM rights and offload the SCM shares as well?

Is it during the XR period?

Trading in SCI was halted this morning. The halt has been lifted

 

[ckmpd]

Reopened at $1.98, up 4.2%