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SHIPPING & MARINE | Staff Reporter, Singapore

Sembcorp's share price spiked twice last week

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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