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Singapore’s Top Stock of 2020 Faces a Rougher Ride Next Year Bloomberg 12/21/2020 Ishika Mookerjee (Bloomberg) Equity investors have given Singapore’s Sembcorp Industries Ltd. a big thumbs-up this year after it shed its loss-making marine unit. But 2021 may prove to be a lot less euphoric, according to analysts. The utilities firm is 2020’s top gainer on the benchmark Straits Times Index, after being the worst performer in the preceding five-year period. However, concerns over the economic recovery in some of Sembcorp’s biggest markets are emerging, adding pressure to further gains. © Bloomberg Sembcorp Industries has rallied after shedding its loss-making unit

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