| SembMar (SMM) 3% stake changing hand This morn, SMM gapped down from 5.40 (prev close) to 5.20 (open) to mid-day low 5.12 due to Temasek sel ling 3% stake in SMM. I checked my UOBKH trades journal, it included 62.4 million shares' married deal at 5.25 (not shown in the daily chart as tx in pre-trading hours not included). Hence, 5.25 could be used as the reference for valuating SMM's fair value. Of interest to SMM and SembCorp shares holders is that Temasek still holds 49.5+ % of SembCorp which in turn holds controlling interest in SMM [reported on the ST paper today]. TA-wise, the daily chart BB is squeezing, the hourly chart stoch hooked up from oversold zone n Macd turns 4r3g, seems to suggest tt the stock may consolidate abv 5.12 with immediate Resistance DMA20~5.25 (is also the price of the married deal ![]() ![]() |
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Tuesday, March 6, 2012
SembMar (SMM) 3% stake changing hand
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