| Latest Forum Topics / Seatrium Last:0.091 -- |
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SembM Re-Born Rich
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Login20
Master |
28-May-2023 16:24
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FYI.
Part of Seatrium - UOB Kay Hian 2023-05-17: Sailing Into A Sea Of Opportunity. Goodwill unlikely to be impaired. After the merger, some investors were concerned about the potential impairment in the large amount of goodwill totaling S$3.84b or S$0.056/share. However, Seatrium's management appears sanguine stating that this value can be sustained given the projects it is winning and where we are in the offshore marine cycle. |
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beetlejuice
Master |
28-May-2023 15:24
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Short term is mostly sound & fury, signifying nothing.
The big money is always in the waiting. 💰 🧧
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beetlejuice
Master |
28-May-2023 15:21
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Hihi 🚁 ✨
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newbie19
Supreme |
28-May-2023 13:30
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Your ang mo considered very good liao even though you are chinese helicopter. 😆 😆
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Nippon72
Veteran |
28-May-2023 13:09
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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It is news as such that disappointment, impatience creep in and the price drops. If we were to believe in its future, it will be time to nibble some on the way up. I believe given Seatrium size and if it were to manage properly and materialize its contracts, it will not only be in the indexes, it will be a potential 100-bagger. Vested recently.  |
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beetlejuice
Master |
28-May-2023 12:16
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Yeah, even Chinese helicopters like me understd fully after reading the bold part twice. Guess leopard is lagi more helicopter than me. 😬 🃏
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desmlee
Member |
28-May-2023 11:56
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thanks! this was helpful.... was struggling to understand the chinese words that leopard kaki shared....
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n3wbie
Elite |
28-May-2023 10:35
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Yes you are right - there will only be 30 companies on the STI. Changes are either when there is inclusion, i.e. companies that meet the liquidity and free float thresholds and market cap is 20th largest or better. These companies are already those on the STI reserve list which includes Seatrium, Olam, etc. We are already past the market-cap cut-off date, which is typically around a month before the announcement date. Through the ' inclusion' method, then the smallest market cap constituent will be excluded. Alternatively, it is the exclusion method where the smallest market cap constituent drops to 41th or worse and then the largest market cap on the reserve list will be included. These rules by FTSE have been in place for some time now... so not sure why DBS is saying both conditions need to be met. I had thought that any changes usually take place during the March / September review. Given Seatrium market cap, it is only a matter of time that it gets included in STI. As a matter of fact, the effect of institutional fund flows from inclusion into MSCI Global way exceeds that of STI given just how many passive funds there are which track MSCI rather than STI. |
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investshare
Supreme |
28-May-2023 08:23
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I think they need to keep same number of companies in the index.
If no one kicked out, then no one added?
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Login20
Master |
27-May-2023 23:10
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I remembered when YZJFH was added shortly into STI and got boot out being the lowest in the STI index, and is not because it fall to 41th or below ranking. Agree that today DBS article might be misleading.
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beetlejuice
Master |
27-May-2023 22:27
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Great explanation. Let's give this bro a LIKE. 👍 🏻 🐆
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le0pard
Member |
27-May-2023 21:55
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Rule 1311  states that an issuer will be placed on the watch-list if it records pre-tax losses for the 3 most recently completed consecutive financial years (based on audited full year consolidated accounts) and an average daily market  capitalisation  of less than S$40 million over the last 6 months. no worry lah :)
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newbie19
Supreme |
27-May-2023 21:41
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Finally you got it correct, Thanks, saving my breath to explain
to the rest who knows nothing about Seatrium.
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le0pard
Member |
27-May-2023 20:56
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The article of the DBS is misleading.  It agrees that  Seatrium meets the eligibility criterion for inclusion in the index based on its market capitalisation.  Keppel DC Reit is in 35th position, which does not meet the 41-or-below criterion for it to be booted from the index. So the author draw the conslusion that  seatrium may not jion STI in June. However, let' s see the rules:   5.0 季 度 审 核 时 的 纳 入 与 剔 除 5.2.1 在 季 度 审 核 中 纳 入 和 剔 除 证 券 的 规 则 旨 在 为 STI 成 分 股 的 选 取 提 供 稳 定 性 , 同 时 通 过 包 括 或 排 除 大 幅 上 涨 或 下 跌 的 证 券 来 确 保 该 指 数 继 续 代 表 市 场 。 5.2.2 审 核 时 , STI 的 所 有 成 分 股 必 须 是 富 时 海 峡 时 报 全 股 指 数 的 现 有 或 备 选 成 分 股 , 即 审 核 将 考 虑 富 时 罗 素 公 布 的 富 时 海 峡 时 报 全 股 指 数 的 任 何 成 分 股 变 化 , 因 此 将 在 这 些 变 更 的 实 施 日 期 之 前 进 行 。 5.2.3 如 果 某 家 公 司 按 总 市 值 ( 在 应 用 任 何 可 投 资 性 权 重 之 前 ) 在 合 资 格 证 券 的 排 名 升 至 20 位 或 以 上 , 则 其 将 在 季 度 审 核 时 被 纳 入 STI。 5.2.4 如 果 STI 的 某 家 成 分 股 公 司 按 总 市 值 ( 在 应 用 任 何 可 投 资 性 权 重 之 前 ) 在 合 资 格 证 券 的 排 名 降 至 41位 或 以 下 , 则 其 将 在 季 度 审 核 时 被 剔 除 。 5.2.5 STI 将 维 持 固 定 数 量 的 成 分 股 。 如 果 有 资 格 被 纳 入 指 数 的 公 司 数 量 多 于 达 到 被 剔 除 门 槛 的 公 司 数 量 , 则 指 数 中 目 前 排 名 最 低 的 成 分 股 将 被 剔 除 , 以 确 保 在 季 度 审 核 中 被 纳 入 和 剔 除 的 公 司 数 量 相 同 。 同 样 , 如 果 达 到 被 剔 除 门 槛 的 公 司 数 量 多 于 有 资 格 被 纳 入 的 公 司 数 量 , 则 目 前 未 包 括 在 指 数 中 的 排 名 最 高 的 公 司 将 被 纳 入 , 以 与 在 季 度 审 核 中 被 剔 除 的 公 司 数 量 保 持 平 衡 。 clearly, seatrium will enter STI index if it can keep the current rank of market capitalization no matter if the last one (Keppel DC Reit) drop out of 40 or not.   |
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investshare
Supreme |
27-May-2023 20:26
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I think cannot join STI until it show profit. It already many years losses, going to put on SGX watchlist instead. | ||||
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unclebond
Master |
27-May-2023 19:16
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Another implication is those Funds holding this share under STI components index must clear their holding if Seatrium stock is not included in STI' s component list. Just beware for FYI only 
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Olegman
Senior |
27-May-2023 17:54
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Don' t forget your IMH medication Ah Boy :)
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rlong8288
Master |
27-May-2023 17:45
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Ha.Ha.Ha...
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share456
Veteran |
27-May-2023 16:30
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so jialat. no buying from STI index.  potential 3rd right issue and impairment and no STI index inclusion in June 2023. triple whammy !  
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gosharej
Senior |
27-May-2023 14:35
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good to know not joining index.    Better price movement upwards ahead without index constrains
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