Broker Name: Lim & Tan Securities
Date of Report: 14 November 2025

Excerpt from Lim & Tan Securities report.

• Report Summary
• Sembcorp Industries is expected to be bullish in the short-term, with technical indicators pointing to more upside potential. The stock is currently trading within an ascending channel, and the Relative Strength Index suggests there is room for further appreciation before a pullback is likely.
• Near-term resistance is set at S\$6.69, with support at S\$6.29. The medium-term trend is sideways, and the long-term outlook remains bullish, with higher resistance and lower support levels identified.

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