ShareJunction - Stock Forum Messages

Seatrium Last:0.091 -

SembM Re-Born Rich

0.078 break, will go to 0.071, need show hand liao if goes to low 7 series.

If broke 78 cannot imagine liow as funds keeps selling

Eagle88 ( Date: 19-Mar-2024 10:15) Posted:

The baby will survive and become stronger and healthier by the day as ah gong will watch over her. Not only that, she will become a BLUE CHIP stock very soon.

easywin ( Date: 19-Mar-2024 09:20) Posted:

Poor abandoned baby hope you can survive.

This is RS 2.0 albeit non-dividend type.
Let the shortlist or faithless dump till they like, then the rest will be history.
Purging process.

Very strong support at 078.🧐 🧐 If broken can go down to 075. Let's see. 😇

76 should be the lowest.

Bought a lorry load.

Joyoftheworld ( Date: 19-Mar-2024 10:49) Posted:

Loaded. Ready to go.

Chansenghoe1971 ( Date: 19-Mar-2024 10:40) Posted:

I like Seatrium.

Loaded. Ready to go.

Chansenghoe1971 ( Date: 19-Mar-2024 10:40) Posted:

I like Seatrium.

Chansenghoe1971 ( Date: 19-Mar-2024 09:50) Posted:

84/85

Haha even ah kong also lost hope....

CheongArgh ( Date: 19-Mar-2024 09:57) Posted:

Still not reloading ?

piscesmonkey ( Date: 18-Mar-2024 18:06) Posted:

I like Seatrium.

Chansenghoe1971 ( Date: 19-Mar-2024 09:50) Posted:

84/85

The baby will survive and become stronger and healthier by the day as ah gong will watch over her. Not only that, she will become a BLUE CHIP stock very soon.

easywin ( Date: 19-Mar-2024 09:20) Posted:

Poor abandoned baby hope you can survive.

Still not reloading ?

piscesmonkey ( Date: 18-Mar-2024 18:06) Posted:

vicloo ( Date: 18-Mar-2024 17:57) Posted:

No lah Temasek will not let it die..

84/85

yes OCBC getting it all right " key risks would be management ability to execute as well as lower-than-expected order book wins "

Joelton ( Date: 19-Mar-2024 09:19) Posted:

Seatrium falls as much as 11.2% amid heavy trading

SHARES of mainboard-listed Seatrium : S51 -8.99% lost as much as 11.2 per cent on Monday (Mar 18), extending two days of losses.

The counter reached a low of S$0.079 at 3.57 pm, down S$0.01 from Friday&rsquo s closing price. The last time the counter closed near this level was in November 2021.

By 4.20 pm, Seatrium&rsquo s shares were down 10.1 per cent or S$0.009 to S$0.08. They were the top most traded by volume on the Singapore bourse at the time, with 1.7 billion shares changing hands.

DBS Group Research on Monday cut its FY2024-25 profit forecasts for Seatrium by 13 to 16 per cent, after factoring in updates from the offshore and marine group&rsquo s Investor Day presentation on Friday.

Seatrium&rsquo s management guided for a revenue target of S$10 billion to S$12 billion by 2028, implying a five-year compound annual growth rate of between 7 and 10 per cent.

Profitability targets, however, seem less inspiring, DBS said in a research note.

The group is aiming for at least S$1 billion in earnings before interest, taxes, depreciation, and amortisation and at least an 8 per cent return on equity by 2028. DBS expects this to be achieved earlier in the next two to three years.

It has reiterated &ldquo buy&rdquo on Seatrium and a target price of S$0.15, which implies a potential upside of 87.5 per cent from the counter&rsquo s 4.20 pm trading price.

OCBC Investment Research, meanwhile, has a &ldquo buy&rdquo rating and fair value estimate of S$0.16 on Seatrium, implying a potential upside of 100 per cent.

It noted in a separate research note that Seatrium had kitchen-sinked S$2 billion in FY2023 largely from non-cash write-downs related to yard and yard assets. The group also said it reached a resolution with the Brazilian authorities on Operation Car Wash.

&ldquo With the overhang on the stock largely removed and a clearer sense of the new management&rsquo s strategic direction, we believe that Seatrium is well positioned for a turnaround, though key risks would be management&rsquo s ability to execute as well as lower-than-expected order book wins,&rdquo OCBC noted.