OCBC unveils three possible factors behind the pricing spikes.
OCBC has reported that Sembcorp’s share price spiked twice last week, with 9.4% on Tuesday and 9.5% on Friday.
Here’s more from OCBC:
There can be several reasons behind this, such as 1) a potential privatisation or divestment by SCI, 2) no fine or small fine with regards to Brazil as opposed to Keppel Corp, or 3) a big order is coming up. However, judging from the recent price action, the possibility of scenario 1 or 2 seems more likely.
Sembcorp’s current fair value is priced at S$2.37.
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