What happened?
We’ve been getting questions from the Beansprout community on the weakness in Sembcorp Industries’ (SCI) share price in the past month.
From a recent high of S$6.10 on 7 August, Sembcorp Industries’ share price has fallen by close to 15% to reach S$5.15 as of 7 September.
Source: Beansprout
The share price fall came despite the inclusion of Sembcorp Industries in the MSCI Singapore Index on 1 September 2023. With the inclusion, Sembcorp Industries will be one of 22 components of this index designed to track the underlying performance of mid to large capitalisation companies in the Singapore market.
Let us look at Sembcorp Industries’ recent developments to understand if the sell-off in the past month is warranted.
What you need to know about Sembcorp Industries’ (SGX: U96) share price
#1 – Improvement in financial performance
Sembcorp Industries has reported steadily better results over the
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