Thursday, November 19, 2009
Next, i would like to mention the recent trade in Sembcorp Industries too.
There was no signal to buy on FI or MACD-H, except that it touch the lower envelope limit on 3 Nov 2009, which is also the support at 3.18. I have enter on the same day on 3 Nov 2009, but at a higher price @ 3.29.
Result was on 6 Nov 2009,
SINGAPORE, November 6, 2009 – Sembcorp Industries (Sembcorp) reported a profit after tax and minority interest (PATMI) of S$423.7 million for the first nine months of 2009 (9M2009). This represented a 4% growth compared to 9M2008. Profit before tax grew 5% from S$684.5 million to S$720.1 million, while turnover stood at S$7.2 billion. For the third quarter of 2009 (3Q2009), Group PATMI was up 2% to S$148.1 million while profit before tax grew 2% to S$255.4 million. 3Q2009 turnover grew from S$2.5 billion to S$2.6 billion. Cash and cash equivalents stood at a strong S$2.4 billion.
And for this trade, i am happy that i have managed to sell @ 3.48, near the upper envelope limit which was 3.52 on 12 Nov 2009. The price went up to 3.52 and retrace to 3.42 on intra-day, which prompted me to hit the sell button.
Lesson learnt: Follow my plan :)