Sembcorp Industries (SCI), the best-performing Straits Times Index component stock year to date, enjoyed a further lift from a slew of positive calls from analysts following news of the proposed sale of its coal-fired plants in India to a group of Oman investors on Sept 5.
On Sept 7, the stock closed at $3.43, up 10 cents from before the announcement and extending a 70.65% gain year-to-date, as investors warmed up to the company’s improved earnings and also its big moves to turn from “brown” to “green”.
