Excerpt from Lim & Tan Securities report.

Report Summary:

• Stock Focus: Sembcorp Industries
• Action: BUY (Short-Term, based on technical analysis)
• Key Levels:
  • Short-Term Resistance: S\$6.99
  • Short-Term Support: S\$6.43
• Rationale: The share price is moving within an Ascending Channel, indicating a bullish trend. The Relative Strength Index (RSI) is at 47, suggesting further upside potential before reaching overbought territory. Upside is capped at S\$6.99, while downside is supported at S\$6.43.
• Current Price (at report date): S\$6.64
• Investment Horizon:
  • Short-Term: Bullish bias, targeting S\$6.99
  • Medium-Term: Sideways (Resistance: S\$7.20, Support: S\$6.25)
  • Long-Term: Bullish (Resistance: S\$7.63, Support: S\$6.07)

above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website : www.limtan.com.sg