| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembM Re-Born Rich
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Joyoftheworld
Master |
01-Aug-2023 13:13
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Sembmarine' s market cap was ahead of Hanwha Ocean one year ago. Now Seatrium' s market cap falling behind after absorbing KOM. Would take awhile to digest the poison bill. Seatrium will have its day in the sun,  but not before KOM is fully digested and expel as shit first.
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Joyoftheworld
Master |
01-Aug-2023 11:34
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Might be premature as the loss has not materialize yet, just a loss provision for now. When it is materialized next year, then can issue a demand letter.
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ahbui8
Master |
01-Aug-2023 11:32
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Should be even more, look at how the Korea counterparts have already rally!!! Hanwha Ocean market cap hit 11B! Disappointed at KOM, definately is a drag :p  
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Eagle88
Supreme |
01-Aug-2023 11:27
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Seatrium should quickly talk to the legal team to issue KC an official demand letter on this!!! This is concerning SH and SP !!!
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Eagle88
Supreme |
01-Aug-2023 11:22
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IT IS FOR SURE SUBSTANTIAL!!! There's profits until no profits and ended up with losses!!! By right may be got dividends!!!
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Joyoftheworld
Master |
01-Aug-2023 10:50
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Rightly so based on the merger terms. KC is liable if any of crossover KOM projects lead to substantial losses. Is it considered " substantial" ???
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beetlejuice
Master |
01-Aug-2023 10:48
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Caveat emptor
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Eagle88
Supreme |
01-Aug-2023 10:44
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Can Seatrium demand compensation from Keppel for the Q2 provisions? | ||||
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Eagle88
Supreme |
01-Aug-2023 10:09
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For those who entered when Seatrium was at 10,11,12,13 series, they already made 30 to 40% profits on paper. Seatrium is on strong recovery mode and funds are in for the long term, but they will pick up cheap2 when retailers are throwing the shares to them cheap2. Repeat the same vicious cycle of not making money in the stock market. 
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beetlejuice
Master |
01-Aug-2023 09:37
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Yeah, gotta look beyond your nose to make big money. 💰 🧧
Haha, it's strange that most of us dunno what we will have for lunch in say, 2 days later, yet we can forecast short term stock prices based on wiggle wiggles & up to 3 decimal points some more. 😬 🃏
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Eagle88
Supreme |
01-Aug-2023 09:15
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Actually Seatrium is making profits for Q2, but due to the provisions that caused it to have losses of $200++ millions. The amount may sound a lot, but in terms of percentage of the revenue, it is negligible. If it is making 5% profits in the future, it would be few hundreds millions as well. For those who go for long term, it is just a storm in a tea cup. Look to the TP. It will come to pass. 
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Peggy2019
Member |
01-Aug-2023 08:25
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wait to buy at 133 | ||||
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mostlybullish
Member |
01-Aug-2023 07:50
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I would say we will see 0.133c not 0.122c I still maintain it touches 0.133c before continuing meaningfully higher 
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VT_Jr888
Member |
01-Aug-2023 01:45
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Looks like the market haven' t really absorbed the news that the Company is still losing $$$ and will end this FY2023 in the red. Just stay above water @ 0.140 and hopefully, we can see 0.145 to 0.148 in the near term. Who knows Temasek can give all of us a wonderful National Day present and we could even smell 0.155 
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TeoMark
Veteran |
31-Jul-2023 13:31
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Ah Kong already cut off the rotten part of the apple. The good part now making billions in profit.
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Joyoftheworld
Master |
31-Jul-2023 13:02
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Could we be seeing 12.2 cents again?  This KOM poison bill might take quite awhile to digest.... The Dominon Energy WTIV contract is worth just $600 million and Seatrium has to make a $200+million loss provision for it.
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mostlybullish
Member |
31-Jul-2023 12:52
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I am bullish on it - but will see 0.133 before it reaches 0.18 | ||||
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ysh2006
Supreme |
31-Jul-2023 12:44
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SMM everyday top volumn each day value more than $40M lah no worry .Why you like it to place under watchlist ?...Ah Kong will scold them lah...
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Sin_Cos_Tan
Veteran |
31-Jul-2023 12:16
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SGX RegCo Extends Suspension of Issuer Watch-List Reviews SGX' s rules require an issuer to be placed on the watch-list if it records pre-tax losses for the three most recently completed consecutive financial years, and has an average daily market cap of less than SGD 40 million over the last six months. https://www.regulationasia.com/sgx-regco-extends-suspension-of-issuer-watch-list-reviews/#:~:text=SGX' s%20rules%20require%20an%20issuer,over%20the%20last%20six%20months.   |
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TeoMark
Veteran |
31-Jul-2023 12:10
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maybe the count reset after the merger and name change. have to wait 3 years later.
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