Thursday, November 19, 2009

Sembcorp Industries

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 :)


la papillion said...

Actually for semb corp, there's a signal to buy. It's just that it's hard to see it before it happened. That's always the case for class B type of signal.

In this case, it's even easier to miss it, since it happened to touch 3.18 intraday.

Well, the market is always there :)

dream said...

elaine go, go, go...