$SEMBCORP MARINE LTD(S51.SI)$Looks hopeless! If this rights issue follow according to the the scrip for last year’s rights issue, then the price will surely drop below the rights price and more!
But there is a slight difference this year!
Temasek is now a major shareholder and will support the price at $0.08. Hopefully this round, the price will not drop 40% below rights price like last year, but trade around $0.075 to $0.08 range.
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