Sembcorp Industries (U96.SG) is up 0.3% to over five-week high of $3.71 after better-than-expected 4Q09 earnings, 36.5% dividend rise.
But buying has not widespread as volume stays thin (volume has been dwindling since Tuesday), suggesting results partly priced in given unit SembMarine’s (S51.SG) strong 4Q09 performance earlier this week.
Still, some analysts hopeful Sembcorp can continue to deliver strong results.
