Utilities - such as energy, water and solid waste management
Marine - involving in construction/upgrading/repairing of ship and jack up rigs
Urban Development - holds office/industrial/residential buildings
They operate not only in Singapore but also China, Vietnam and Indonesia.
Today I'm going to zoom in a tiny portion of daily reads that is going to affect SCI.
Solid waste management
NEA has announced that residents in Ang Mo Kio-Toa Payoh, Hougang-Punggol, Woodlands-Yishun and Tanglin-Bukit Merah will be paying more for waste collection from 1st Jan 2014 onwards.
HDB households currently paying $4.82 - $5.81, will pay a uniform fee of $7.49/mth in time to come. Private households currently paying $17.12 - $19.75, will pay $24.81/mth. Contributes to average rise of 25%.
Why is there such a hike? nobody knows the answer. If you are interested you can see how people complain and swear over the real singapore link over here.
But on a contradict, in view of an investor, we could make use of this slight advantage to gain confidence in SCI as they should be our one and only waste management provider (if i am not wrong). I will be initiating a lot of SCI on next week after receiving my cash back from SCB endowment plan.
I think this is a Christmas Sale for SCI, don't worry about the oil prices because the economy has a self-correcting mechanism. The oil price will rise eventually and usually after a crisis affected industry share price will grow stronger.
Buy now at $4.25 or less. TP is $8.00 in 5 years time. I am confident