Let's take a quick stock of these stocks in the morning.
Sembcorp has a unusual run in the morning. It started from a high of 2.3 and lands to 2.24 before lunch. It appears to be profit taking of the stock. Maybe it is a sign of locking in profits first. No clear plans between Keppel and SembCorp for the moment. There are many specculations.
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SembCorp Day Stock Chart |
Keppel has a blast. It started at 6.65 from 5.84. It climbed and now stablised around 6.76. It is still below the offer price of 7.35 by Temasek. I think the market is digesting the news before it will head higher. I am vested into this as I made an entry in the morning. The volume is high and before lunch it seems the stock as stablised. I think they are waiting for some stimulus before the stock will go higher. It may go lower before heading up looking at the money flow index.
SembMarine appears to have faired better than SembCorp. It is went up by several cents and holding in the positive terrority. I find it strange given SembMarine has lessor prospects than SembCorp. I think it is very speculative. Money positive index is in the red. Let see if it will trend downwards in the afternoon.
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SembMarine Day Stock Chart |
I think the market is positive today. Perhaps, good to lock in some profits??? Or buy in the dips.
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