| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembM Re-Born Rich
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Tob231
Elite |
05-Feb-2024 12:10
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We keep Seatrium&rsquo s  S51  fair value estimate at SGD 0.12 following its in-line third-quarter business update. Following the recent correction, we think Seatrium is currently fairly valued. The firm continues to guide for a loss-making 2023, with first-half results affected by provision for contracts and merger expenses. We forecast Seatrium to turn profitable in 2024 and our near-term earnings estimates are unchanged. We believe significant new order wins will help to drive share price performance. | ||||
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Tob231
Elite |
05-Feb-2024 12:03
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time and tide wait for no man .... time to accumulate some of you may say, you talk only  haha ... I am buying sui sui sui 过 一 个 大 肥 年 bui bui bui |
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Tob231
Elite |
05-Feb-2024 11:50
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if you narrow down to it .... there is little free float shares currently .... majority of the shares are held by investors and they are not selling it. They have to create massive fear to make them release or sell Seatrium is probably on the brink of a turnaround, though. CGS-CIMB expects Seatrium to report a net loss of S$655 million for 2023, and end the year with a  book value of about S$0.12 per share. Now is the time for investors to buy ... I am serious from the grapevine, there groups getting ready to strike against the selling. Just hold steady and collect ..... 
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Tob231
Elite |
05-Feb-2024 11:40
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More to the point, Seatrium&rsquo s warning of a big loss for 2023 is due to the expected write-down of &ldquo surplus non-core assets&rdquo and &ldquo excess and obsolete inventories&rdquo following a strategic review of its operations. This internal consolidation at Seatrium should improve its productivity and cost structure, and boost its future profitability. Seatrium is probably on the brink of a turnaround, though. CGS-CIMB expects Seatrium to report a net loss of S$655 million for 2023, and end the year with a book value of about S$0.12 per share.
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beng1102
Elite |
05-Feb-2024 11:32
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This is why our stock exchange is SUCKED!  There is too many sellers.  Logically there is 1 seller, 1 short seller but only 1 buyer.  Short selling creates a lot of fear.
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Tob231
Elite |
05-Feb-2024 11:27
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Can you believe such good news .... falls on deaf ears .... does it make sense  it is coming .... get ready before the next news releases, rip through the roof  
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Tob231
Elite |
05-Feb-2024 11:12
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The force is so huge that it send the bill board crashing so hard .... unbelieveable ....  the whole place was in a total chaos ... saw everyone running ... pandemonium reign  |
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Tob231
Elite |
05-Feb-2024 10:55
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Yes .... broadcast on BT, they are watching ....  Get ready for the next move .... hold steady sui sui sui 
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eugesun
Elite |
05-Feb-2024 10:19
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Huat ahh, 炒 底 。 。 。
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kmchua888
Member |
05-Feb-2024 10:00
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The Business Times - 
Seatrium profit warning has a silver lining |
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Chansenghoe1971
Elite |
05-Feb-2024 09:06
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Waiting at 93 | ||||
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wehuattogether88
Supreme |
03-Feb-2024 18:07
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Huat Ah!!!
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PiRPiR
Master |
03-Feb-2024 09:51
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Seatrium wins favoured customer contract for LNG carriers
Seventeen vessels to be upgraded in Singapore 2 Oct https://www.upstreamonline.com/lng/seatrium-wins-favoured-customer-contract-for-lng-carriers/2-1-1592480 |
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Joyoftheworld
Master |
02-Feb-2024 21:43
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I have long been suspicious of the intentions of yards reporting non-cash losses even though they don' t have to at all. One obvious objective for doing so is to negotiate for better contract terms both with your customers (for higher price) and with your suppliers (for lower price). This is especially so when the yard is negotiating mega contracts or executing major contracts.
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eugesun
Elite |
02-Feb-2024 18:06
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Yes, I am accumulating my money..lol...huat ahh...
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112233
Master |
02-Feb-2024 17:32
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why no SBB ?  | ||||
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Tob231
Elite |
02-Feb-2024 17:19
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clearly this counter is not about reasoning. it is becoming ballistic and blinded ... it is going to be dangerous and risky  the unwinding will be furious .... according to the video ... it going to be ... terrible 🙏 🙏 🙏 have a good weekend ... time to reflect  
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Tob231
Elite |
02-Feb-2024 16:33
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This is just the beginning of more to come.
Time not to be silence, time shout and roar ... seize the golden opportunity |
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Joyoftheworld
Master |
02-Feb-2024 16:09
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Seatrium wins favoured customer contract for LNG carriersSeventeen vessels to be upgraded in Singapore 2 February 2024 3:41 GMT  UPDATED    2 February 2024 3:41 GMT
By  Amanda Battersby 
 
  in        Singapore 
Singapore&rsquo s leading offshore and marine contractor Seatrium has successfully secured a favoured customer contract (FCC) with TMS Cardiff Gas of Greece for the upgrading and repairs of its liquefied natural gas (LNG) carriers. Seatrium on Friday confirmed that the contract includes the refit of 17 LNG carriers in Singapore, with responsibilities in joint planning, information and experience sharing. The two companies will jointly work towards achieving sustainable targets in the areas of quality, health, safety and environment (QHSE), cost efficiency and timely deliveries, said to be key indicators of high-quality LNG refit maintenance. The potential value of this FCC was not divulged. " " Theselection of Seatrium as our partner in Singapore aligns with our strategy to grow our LNG business in Asia. We have worked successfully with Seatrium on three LNG refits, and we see Seatrium as the right long-term partner who understands the stringent requirements of our company,&rdquo commented Alexandros Politis-Kalenteris, deputy chief operating officer, TMS Cardiff Gas. &ldquo Moreover, Seatrium boosts a very strong track record in the specialised field of LNG carrier repairs and upgrades. We are confident that this newly forged partnership will benefit both organisations in the planning and execution of our dry-docking work in a safe, timely and cost-effective way.&rdquo |
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Joyoftheworld
Master |
02-Feb-2024 16:00
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Yup, once the Shortist/ BB with unlimited fire power buy up most of free shares from the likes of ahbui8 etc over the next 6 to 9 months, Sink51 will be ready to roll. That might coincide with the announcement of H1 results in  Aug. Just a few more months to endure....
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