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More importantly, the CEO also bought 78.8k shares at $1.37/share
JurongW ( Date: 02-Jun-2026 18:49) Posted:
SBB today - 80,000 shares bought at USD1.34 to 1.37 and 20,000 shares bought at SGD1.72 to 1.74 |
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Dont think govt will end up allowing a monopoly to manage
tongphlp ( Date: 29-May-2026 11:40) Posted:
who else but sands...with deep pockets
n3wbie ( Date: 15-May-2026 11:15) Posted:
| Who else would put in the kind of capex and commitment to support Singapore tourism |
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This stock has consistently been one of the top shorted blue chips
newbie1118 ( Date: 29-May-2026 15:07) Posted:
The most shorted counter on SGX?
| Trade Date |
|
Open Price |
Day High |
Day Low |
Close Price |
Price Change |
Price Change % |
Traded Volume |
Traded Value |
Short Sell Volume |
Buyback Volume |
| 2026-05-28 |
|
0.590 |
0.605 |
0.590 |
0.595 |
0.005 |
0.8 |
69,924,400 |
41,851,855 |
41,308,500 |
- |
| 2026-05-26 |
|
0.590 |
0.590 |
0.585 |
0.590 |
- |
- |
17,906,300 |
10,530,000 |
11,560,500 |
- |
| 2026-05-25 |
|
0.595 |
0.600 |
0.585 |
0.590 |
- |
- |
44,521,800 |
26,290,638 |
30,775,200 |
- |
| 2026-05-22 |
|
0.595 |
0.600 |
0.590 |
0.590 |
- |
- |
44,412,919 |
26,389,022 |
26,163,502 |
- |
| 2026-05-21 |
|
0.595 |
0.600 |
0.590 |
0.590 |
- |
- |
61,785,500 |
36,699,854 |
40,480,603 |
4,000,000 |
| 2026-05-20 |
|
0.585 |
0.595 |
0.580 |
0.590 |
0.005 |
0.9 |
40,614,600 |
23,914,856 |
24,446,260 |
1,469,200 |
| 2026-05-19 |
|
0.595 |
0.600 |
0.585 |
0.585 |
-0.005 |
-0.8 |
67,960,900 |
40,109,542 |
39,417,300 |
2,261,000 |
| 2026-05-18 |
|
0.600 |
0.600 |
0.590 |
0.590 |
-0.005 |
-0.8 |
33,379,300 |
19,792,511 |
25,732,300 |
- |
| 2026-05-15 |
|
0.605 |
0.610 |
0.595 |
0.595 |
-0.005 |
-0.8 |
85,491,200 |
51,367,179 |
53,684,400 |
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DBS update note
< Results Analysis> 1Q26 business update
- Orderbook moderated to SGD15.5bn (from SGD17.8bn a quarter ago), implying revenue of c.SGD2.8bn for 1Q26, in line
- Margin recovery remains on track, supported by better project mix, lower overheads and disciplined contract selection successfully delivered two remaining onerous contracts
- Energy security and transition themes continue supporting > SGD28bn pipeline opportunities across offshore O& G, wind and conversions
- Reiterate BUY and TP SGD3
1Q26 revenue seems in line. In its 1Q26 business update, Seatrium reported that net orderbook moderated to SGD15.5bn (vs SGD17.8bn a quarter ago) across 24 projects, providing revenue visibility through 2033. We estimate that this implies revenue of c.SGD2.8bn in 1Q26 (higher y/y). It is worth noting that the deliveries of the two remaining legacy onerous contracts - Frederick Paup TSHD and Maersk Viridis WTIV - eliminate risks of further provisions for these projects forward. Other ongoing FPSO, FPU, HVDC and offshore wind projects progressed largely on schedule. Management highlighted improving gross margins driven by a better project mix, lower overheads and stricter contract selectivity, with increasing preference for Series Build projects featuring progressive milestone payments and stronger project governance.
Contract flows remain the key catalyst. Contract flow has been relatively slow, in the absence of major sizeable projects, in 5M26. The group has only secured some repair/upgrade jobs, including its eighth FSRU conversion project from Karpowership, reinforcing its strengthening position in LNG and gas infrastructure conversion solutions. Though order outlook remains constructive, underpinned by a sizeable > SGD28bn identified pipeline over the next 24 months spanning offshore O& G, offshore wind and conversion projects. Management continues to see rising energy security concerns and elevated oil prices as supportive for offshore infrastructure investments, although customer capex deployment remains disciplined and progressive. Importantly, the completion of announced non-core asset divestments is expected to unlock > SGD50mn annualised operational cost savings and > SGD330mn cash proceeds, supporting further balance sheet strengthening and margin expansion. Together with its diversified exposure across traditional and transition energy, Seatrium appears increasingly well-positioned to benefit from the emerging global offshore reinvestment cycle.
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Good point on the circle line completion to improve accessibility and reduce the parking charges to drive more footfall
sgng123 ( Date: 28-May-2026 23:10) Posted:
Casino wise no different but if u compare overall environment and dollarwise,
RWS demolish MBS. MBS benefit from better connectivity 2 mrt serving whereas RWS only 1 line.
but when circleline completed in jul it would be served by 2 lines.
n3wbie ( Date: 28-May-2026 19:34) Posted:
| Was just at MBS today and RWS last week. Dont think MBS looks dated but it was quieter than expected, maybe its not the weekend nor peak summer holidays for tourists yet. Both destinations are good and makes for a vibrant Singapore with different offering altogether. Excluding casinos, RWS is a place to easily spend the day with family and kids. You can do so at MBS only if you have plenty to spend! |
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Liquidity for this seems to have dried up for today too despite the first share buyback done ytd
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Volume still relatively thin at below 10m with more than half the day trade. Not sure if its short covering or just general rebound across the sector?
Stocky901 ( Date: 29-May-2026 11:28) Posted:
Looks more like a short covering after yesterday's deliberately selling down.. BBs know some good news coming? 🧐
Stocky901 ( Date: 29-May-2026 11:24) Posted:
| Need to break 166 strong hurdle 🧐 then will move above 170.. 👍 |
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Saw DBS modeled $2.8b for 1Q but booked in the legacy projects so all the low margin ones should be out of the way. Problem is that contract value for rest of 2026 stands at $4.4b? Not sure if that is for the remaining 9 months of 2026 and if so, then wouldnt the topline materially miss expectations? Also noticed that their addressable market was previously $30+b and now that has shrunk to > $28b. Clearly still a large number but given the market uncertainty with Iran war, dont think any of their customers would hastily and readily deploy significant capex.
ahbui8 ( Date: 29-May-2026 09:28) Posted:
please lah what strong order??? 15.5B orderbook cover till 2033 is lousy orderbook. simple math will tell you how much per year LOL
ruanlai ( Date: 29-May-2026 09:19) Posted:
Strong order and above market expectations yet an undervalued gem.
Accumulating quietly.
stops |
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Sad ending for WeWorks but hopefully our SG version can have a better outcome given backing by GIC, Frasers, etc. Stabilisation looks almost done and that hasnt been able to prop it anywhere close to IPO price...
finjungle ( Date: 29-May-2026 11:57) Posted:
Remember WeWorks, the darling of the US market a few years ago!!!!
n3wbie ( Date: 28-May-2026 19:51) Posted:
| Guess the stock continues to find new low? |
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Was referring to this, seems like price action this week broke all the TA support?
JurongW ( Date: 12-May-2026 13:26) Posted:
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Thanks for sharing - hope they can sustain the sbb and push it above the wedge of around $1.39 to create a new support closer to IPO price of $1.45
JurongW ( Date: 28-May-2026 21:40) Posted:
Two consecutive Gravestone Dojis at S1 (support turn resistance) as well as the upper boundary of the wedge.
Let' s see if UG can breakout tomorrow or drop back inside the wedge.
JurongW ( Date: 28-May-2026 21:28) Posted:
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Guess the stock continues to find new low?
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Was just at MBS today and RWS last week. Dont think MBS looks dated but it was quieter than expected, maybe its not the weekend nor peak summer holidays for tourists yet. Both destinations are good and makes for a vibrant Singapore with different offering altogether. Excluding casinos, RWS is a place to easily spend the day with family and kids. You can do so at MBS only if you have plenty to spend!
sgng123 ( Date: 28-May-2026 16:48) Posted:
They can engineering 1h result if they wanted but currently genS under probation period for licence renewal.
A lot of things to prop up stock price cannot be used, once licence got it u see genS spending to get back market share.
Don believe go visit sentosa in person, u see everything new and shiny, MBS looked dated .
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Stock is still underperforming STI ytd with 1% vs 7.5%. Management will need to buck up while navigtating the geopolitical uncertainties. Look forward to tomorrow business update
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Based on their past disclosures for quarterly business updates, believe its more qualitative and high level commentary. Guidance on the contract win outlook would be helpful to lift confidence but if oil prices stay elevated, then should be good. Also the focus on energy security will be helpful but investors ultimately need contract wins and numbers
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Hopefully drives more short-squeeze and covering by the hedge funds given the relatively large outstanding shorts on the stock
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Agree fully. Not sure if management would be reading our comments and would be good if anyone write in to their investor relations team to let them know Mr Market views!
HuatAh7898 ( Date: 27-May-2026 10:33) Posted:
EPS need not decline in the near term if all costs are controlled and managed properly in line with revenue weakness.
So first step to make genS on the right track is operational costs cutting in the near term
n3wbie ( Date: 27-May-2026 09:13) Posted:
| Near term pain for long term gains. This is part of the transformational pain every business in transition has to go through. The positive is that they had accumulated strong cash reserves over the years and the free cash flow generation of the business which allows them to defend an absolute value 4c DPS which will at some point provide a floor to the stock (for as long they are able to defend that while EPS decline in the near term |
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Near term pain for long term gains. This is part of the transformational pain every business in transition has to go through. The positive is that they had accumulated strong cash reserves over the years and the free cash flow generation of the business which allows them to defend an absolute value 4c DPS which will at some point provide a floor to the stock (for as long they are able to defend that while EPS decline in the near term)
HuatAh7898 ( Date: 27-May-2026 07:25) Posted:
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Citi wrote a note about 2025 being a year of non-gaming assets refresh and 2026 a year of gaming assets refresh so the earnings recovery will realistically be a 2027 play off 2-3 years of low base/
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The banks would typically sell it back to the issuing company or principals anyway unless they are underwriting the deal with their own balance sheet, which I doubt so
shk363 ( Date: 23-May-2026 17:26) Posted:
| stabilizing agents buying cheap... |
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About n3wbie
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