SEMBCORP MARINE STOCK: IS IT TOO LATE TO JOIN THE RALLY NOW?

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SembCorp Marine stock
Dear readers, Sembcorp Marine stock rallied by another 7.53% yesterday to $2.57 per share. Sembcorp Marine stock has been really a powerhouse on its own rights with its share price boosted by positive developments surrounding the company as well as speculation and now analyst reports about a possible privatization. As early as last year when Sembcorp Industries announced a strategic review of the Group, I have been buying and buying Sembcorp Marine stocks on the anticipation of a divestment (you can read the post here ). From a low of $1.82 year-to-date, to yesterday $2.57, that has been a cool 40% over in Sembcorp Marine’s share price. The technical charts has been very bullish.
As to whether it is too late to join the Sembcorp Marine stock rally, I believe it all depends on the outcome of the Strategic Review. If the Strategic Review does not translate to the privatization or divestment of Sembcorp Marine, then correction of Sembcorp Marine stock will set in. On the other hand, following the release of Strategic Review, Sembcorp Marine stock may be halted after which an exit offer will be announced for Sembcorp Marine stock.
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