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Tuesday, October 9, 2018

WHY TOM K IS STILL SO BULLISH ABOUT THIS STOCK?


Singapore Stocks
Dear readers, in an earlier post I have shared with readers how Sembcorp Marine stock has broken past its 200-Days-Moving Average from low and how if the technical charts are to be followed, Sembcorp Marine stock would be poised for a longer-term uptrend (you can read the post here ).
However, no matter how strong a technical trend could be, the trend still has to give way to macro factors. And macro factors at recent play are the vagaries of oil prices given that US wanted to impose sanctions on Iran but players including Iran have said they will maintain parallel oil-related stocks.

Also, an upcoming development will be the announcement of the results of Sembcorp Marine and some are saying that results may be disappointing; thus some investors are shaped by this sentiment ahead of the earnings results.

Notwithstanding the above, I am bullish on Sembcorp Marine stock with a view of a consolidation in the offshore and marine sector with Sembcorp Marine to be privatized eventually. 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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