27-10-2011, 09:45 PM
Yes, don't think it will pose a threat to Sembcorp at all. This is David and Goliath. But think the pie is big enough for this David of a company to grow. It appears to me that a lot of the local companies know already that they have to go abroad to make the big bucks. The Singapore market is just too small. However, it is a good place to start or list a business. And the leftovers could be cigarette butts, good for a puff or two more (borrowed from Philip Fisher who used this analogy on companies).