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Seatrium - Sea of Hopes & Atrium of Surprises (II) Post Reply Rate topic
Trainner Master	05-Aug-2025 22:04        Trainner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Near term, there may still be some uncertainties. For longer term, should be ok.  eugesun      ( Date: 05-Aug-2025 10:06) Posted: Bears are done...if no bears price will not drop....Seatrium is no longer the 2 years ago counter...10 dollar huat ahh
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n3wbie Elite	05-Aug-2025 21:37        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Problem around the $2.44 mark is that was the placement price to Keppel. Given that it is non-core, that is the overhang and think they still have another 70m shares or so to dispose. Joyoftheworld      ( Date: 05-Aug-2025 09:57) Posted: Minor resistance at 245. Major resistance at 260. Battle123      ( Date: 05-Aug-2025 08:53) Posted: Jus check where are the resistances ?
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eugesun Elite	05-Aug-2025 10:06        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bears are done...if no bears price will not drop....Seatrium is no longer the 2 years ago counter...10 dollar huat ahh
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Joyoftheworld Master	05-Aug-2025 09:57        Joyoftheworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	Minor resistance at 245. Major resistance at 260. Battle123      ( Date: 05-Aug-2025 08:53) Posted: Jus check where are the resistances ?
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Battle123 Elite	05-Aug-2025 08:53        Battle123 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Jus check where are the resistances ?
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Trainner Master	04-Aug-2025 23:31        Trainner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is there any official record on these $30B bidding?  Joyoftheworld      ( Date: 04-Aug-2025 23:07) Posted: Waiting for update on the $30bil worth of order pipeline turning into firm contracts... beng1102      ( Date: 04-Aug-2025 20:49) Posted: Still positive but likely coming to an end soon as there is nothing much to expect after the result
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Joyoftheworld Master	04-Aug-2025 23:07        Joyoftheworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	Waiting for update on the $30bil worth of order pipeline turning into firm contracts... beng1102      ( Date: 04-Aug-2025 20:49) Posted: Still positive but likely coming to an end soon as there is nothing much to expect after the result. BinderyT      ( Date: 04-Aug-2025 17:06) Posted: Unless US breaks, maybe will run for a few days till SG60
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beng1102 Elite	04-Aug-2025 20:49        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still positive but likely coming to an end soon as there is nothing much to expect after the result. BinderyT      ( Date: 04-Aug-2025 17:06) Posted: Unless US breaks, maybe will run for a few days till SG60. beng1102      ( Date: 04-Aug-2025 15:28) Posted: Those who still profitable better just take profit.
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eugesun Elite	04-Aug-2025 18:38        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	True, volume is low... BinderyT      ( Date: 04-Aug-2025 17:06) Posted: Unless US breaks, maybe will run for a few days till SG60. beng1102      ( Date: 04-Aug-2025 15:28) Posted: Those who still profitable better just take profit.
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BinderyT Elite	04-Aug-2025 17:06        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unless US breaks, maybe will run for a few days till SG60. beng1102      ( Date: 04-Aug-2025 15:28) Posted: Those who still profitable better just take profit.    eugesun      ( Date: 04-Aug-2025 15:09) Posted: Yes market paying now, it is green... 10 dollar huat ah
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Joyoftheworld Master	04-Aug-2025 15:58        Joyoftheworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	Exactly, refer to page 2 of financial statement. OCI of $118mil. Total comprehensive income of $260mil for H1. With H1 comprehensive income of $260mil, Price at $2.50 = 16x PE. Sounds about right for me.  I prefer to use comprehensive income of $260mil for my calculation. That' s likely where the expected tax of $55mil came from (Page 1) Comprehensive income is the sum of that net income plus the value of yet unrealized profits in the same period BinderyT      ( Date: 04-Aug-2025 12:02) Posted: Errr .... Seatrium reported: Profit for the period - $141m, Earnings per share - 4.26 cents. https://links.sgx.com/FileOpen/1H2025%20Financial%20Statements.ashx?App=Announcement& FileID=853795 Joyoftheworld      ( Date: 04-Aug-2025 10:50) Posted: Hey bro, it is $260mil for H1, not the full year
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beng1102 Elite	04-Aug-2025 15:28        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who still profitable better just take profit.    eugesun      ( Date: 04-Aug-2025 15:09) Posted: Yes market paying now, it is green... 10 dollar huat ahh BinderyT      ( Date: 04-Aug-2025 13:06) Posted: The market will pay whatever it wants to pay. If a chicken wing business can command 60x multiple, anything is possible.   Just a matter of liquidity and momentum
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eugesun Elite	04-Aug-2025 15:09        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes market paying now, it is green... 10 dollar huat ahh BinderyT      ( Date: 04-Aug-2025 13:06) Posted: The market will pay whatever it wants to pay. If a chicken wing business can command 60x multiple, anything is possible.   Just a matter of liquidity and momentum. ahbui8      ( Date: 04-Aug-2025 12:21) Posted: Share price is forward looking lah, if H1 result can be more than 300m nett profit, BBs already pump the share price way above $3.00 since early 2025. Take a look at Korea peers, share price fly before profit result. That is the difference between BBs and Retailer.
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BinderyT Elite	04-Aug-2025 13:06        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	The market will pay whatever it wants to pay. If a chicken wing business can command 60x multiple, anything is possible.   Just a matter of liquidity and momentum. ahbui8      ( Date: 04-Aug-2025 12:21) Posted: Share price is forward looking lah, if H1 result can be more than 300m nett profit, BBs already pump the share price way above $3.00 since early 2025. Take a look at Korea peers, share price fly before profit result. That is the difference between BBs and Retailer.
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ahbui8 Master	04-Aug-2025 12:21        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Share price is forward looking lah, if H1 result can be more than 300m nett profit, BBs already pump the share price way above $3.00 since early 2025. Take a look at Korea peers, share price fly before profit result. That is the difference between BBs and Retailer.
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BinderyT Elite	04-Aug-2025 12:02        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	Errr .... Seatrium reported: Profit for the period - $141m, Earnings per share - 4.26 cents. https://links.sgx.com/FileOpen/1H2025%20Financial%20Statements.ashx?App=Announcement& FileID=853795 Joyoftheworld      ( Date: 04-Aug-2025 10:50) Posted: Hey bro, it is $260mil for H1, not the full year. BinderyT      ( Date: 04-Aug-2025 10:26) Posted: If you use $260m, then P/E is 29.95.   In fact, most platforms is reporting 29-30 P/E (TTM). Seatrium is way overpriced based on P/E.   If you look at it' s ROE or ROA, it is even worse
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eugesun Elite	04-Aug-2025 10:55        eugesun About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good point... Joyoftheworld      ( Date: 04-Aug-2025 10:50) Posted: Hey bro, it is $260mil for H1, not the full year. BinderyT      ( Date: 04-Aug-2025 10:26) Posted: If you use $260m, then P/E is 29.95.   In fact, most platforms is reporting 29-30 P/E (TTM). Seatrium is way overpriced based on P/E.   If you look at it' s ROE or ROA, it is even worse
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Joyoftheworld Master	04-Aug-2025 10:51        Joyoftheworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	... Joyoftheworld      ( Date: 04-Aug-2025 09:24) Posted: With H1 comprehensive income of $260mil, Price at $2.50 = 16x PE. Sounds about right for me.
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Joyoftheworld Master	04-Aug-2025 10:50        Joyoftheworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hey bro, it is $260mil for H1, not the full year. BinderyT      ( Date: 04-Aug-2025 10:26) Posted: If you use $260m, then P/E is 29.95.   In fact, most platforms is reporting 29-30 P/E (TTM). Seatrium is way overpriced based on P/E.   If you look at it' s ROE or ROA, it is even worse. Joyoftheworld      ( Date: 04-Aug-2025 10:18) Posted: As you like. I prefer to use comprehensive income of $260mil for my calculation. That' s likely where the expected tax of $55mil came from
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BinderyT Elite	04-Aug-2025 10:26        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you use $260m, then P/E is 29.95.   In fact, most platforms is reporting 29-30 P/E (TTM). Seatrium is way overpriced based on P/E.   If you look at it' s ROE or ROA, it is even worse. Joyoftheworld      ( Date: 04-Aug-2025 10:18) Posted: As you like. I prefer to use comprehensive income of $260mil for my calculation. That' s likely where the expected tax of $55mil came from. BinderyT      ( Date: 04-Aug-2025 10:02) Posted: Don' t look at EBITDA, it is a nonsense number used to hide cost of capital and depreciation. H1 is $141m.   Give you generous $300m full year.   With 3.385b shares, that' s 0.089 EPS.   At $2.30 share price, it' s 25.8 P/E.   That is more than double of DBS and triiple of YZJ. Even if we ignore current liabilities of $7.8b, it still has another $3b of long term debt.   That will take at least 10 years to clear if it wants to be debt free (no organization will do that)
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