Sembcorp Industries – recent news on plant suspension already priced in?
📊 A champion stock on the STI in the last two years from 2022 and 2023, Sembcorp Industries is experiencing a rougher year in the stock market so far with its 13% share price fall.
🗓️ In this month alone, the stock had dropped as much 7%, before its first half earnings announcement which was above consensus, helped the shares recoup almost all its losses in the subsequent two days.
➡️ On Monday this week, the company announced after market that its 225MW gas-fired Myingyan Power Plant (Myingyan) in Myanmar has temporarily suspended operations. This was attributed to escalating civil unrest in Myanmar, including in Myingyan township, where the plant is located. This has resulted in week-to-date share price loss of -2.7% from $4.75 on 8 August 2024 to yesterday’s $4.62 close.
❔ Could the share price on the plant suspension and its damage on the Sembcorp Industries profit already be priced in?
📖 Read more: https://tinyurl.com/MMB15Aug24
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