SEMBCORP Industries has raised its stake in a newly-opened power plant in India.
The group said on Tuesday that it has increased its interest in Thermal Powertech Corporation India Ltd (TPCIL) - which owns a 1,320 megawatt coal-fired power plant in Andhra Pradesh - from 67.4 per cent to 86.9 per cent by subscribing for 358 million TPCIL shares at 10 rupees each. The total investment, amounting to 3.58 billion rupees (S$73 million), is funded through a combination of internal resources and borrowings, the group added.
Gayatri Energy ventures, a wholly-owned subsidiary of Indian conglomerate Gayatri Projects, owns the remaining 13.1 per cent of TPCIL. It has an option to buy TPCIL shares from Sembcorp to increase its stake to a maximum of 30 per cent.
 
Hopefully will stay abv 2.80 
It may go under 2.80 soon.
KAMAL0883 ( Date: 28-Apr-2016 18:18) Posted:
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Tmr may Continue to head further South
spore1 ( Date: 30-Apr-2016 12:00) Posted:
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Dropping down quite fast . May even go down to touch 2.80
spore1 ( Date: 02-May-2016 16:24) Posted:
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Let's see 2.85 can hold up well this week.If not may see further selling down.
spore1 ( Date: 30-Apr-2016 12:00) Posted:
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SembMarine ordr books can last for next 4 years , so no problem , by the time energy has recovered alreay , now in fact oil is trand ing higher by the day , maybeone years is good enough for energy stocks to recover .
Oil price, no new contact , contract cancellation/delay , MKT selling down...
serious ( Date: 01-May-2016 13:21) Posted:
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Believe the worst for SCI is over , what other bad things can happen to SCI ? SEMMarine had written off/provisions , power businees doing well and improving , urban/property are very stable ...
I think most people realise this is not a very good year for stocks. Next few years should be better..
 
 
| waters  Member |
Posted: 30-Apr-2016 14:52 |
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I bought Sembcorp Ind at the v v highs and have been averaging down all the way till now.   I realised it is the biggest component in my portfolio already and still in substantial red.   :( |
| serious  Senior |
Posted: 30-Apr-2016 13:39 |
http://oilandenergyinvestor.com/2016/04/new-oil-price-forecast-oil-is-rising-even-faster-than-i-expected/?clickers=10013#deeplink
I bought Sembcorp Ind at the v v highs and have been averaging down all the way till now.   I realised it is the biggest component in my portfolio already and still in substantial red.   :(
If oil can be maintained at above 46.00 , more short coverings will be done by hedge funds , SCI will shoot thru the roof .
Yesterday sold down was quite expected due to long weekend , some take whateven money on the table and square off position , especially during noon time when DJ future downed more than 100 points.
Market should factor in SembMarine isues and the worst shold be behind , unless somehting unexpected pop up !
Breakind down of 2.85 will be super bearish.
http:// spore   share . blog       spot .sg/2016/04/semcorp-ind.html
2.89. Let's wait to see if we can spot any reversal signal
spore1 ( Date: 29-Apr-2016 09:42) Posted:
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2.90 . May go lower
Okie tang Q
spore1 ( Date: 28-Apr-2016 16:54) Posted:
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It depends on the MKT situation.Trade base on yr own decision .Dyodd
spore1 ( Date: 28-Apr-2016 16:54) Posted:
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2.87.2.81 will be bonus .
KAMAL0883 ( Date: 28-Apr-2016 16:32) Posted:
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below 2.90 is 2.89 or 2.81 pls ?
spore1 ( Date: 28-Apr-2016 12:11) Posted:
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