TOM K: STAY OUT OF THIS STOCK FOR TIME BEING?

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Sembcorp Marine stock
Dear readers, yesterday noon, I posted an important update about Sembcorp Marine right here on this blog. I shared with readers that Sembcorp Marine stock may be poised for more downsides with the support at $1.90. I was right: Sembcorp Marine stock reached an intra-day low of $1.88 before finding support and closing the day yesterday at $1.90.
In the near term, without any catalysts in sight (though privatization may still be a remote possibility), I believe more downside is on the card for Sembcorp Marine stock. I think it is prudent to stay for me to clear of this stock for now since there are many other good fundamentals stocks at good prices on the Singapore stocks markets now, and what about you? Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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