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4581-4600 of 4717
Re-entered with 100k at 1.56. My half-bake EW says w3 to 1.83 possible so taking a chance.
Very low volume today, maybe last few minutes it drop sharply..
Joyoftheworld ( Date: 06-Sep-2024 13:56) Posted:
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Looks like no chance for 152 today. Yawn...
Joyoftheworld ( Date: 05-Sep-2024 11:53) Posted:
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Did I see wrongly? Today short vol 68%, share price still up 1 bid 😱
seem like the more shortist short, they are digging a deeper grave 😜 😂
seem like the more shortist short, they are digging a deeper grave 😜 😂
Last few orders pump it up...see how it goes on Friday
BinderyT ( Date: 05-Sep-2024 16:47) Posted:
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152 lowest
eugesun ( Date: 05-Sep-2024 14:40) Posted:
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Me too, possible back to 146...
Joyoftheworld ( Date: 05-Sep-2024 11:53) Posted:
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Haha! Unpopular opinion :).
Anyway, I share the same sentiment. Most of the analysts are in consensus that there will be a correction in US market this month. SG will just follow.
Anyway, I share the same sentiment. Most of the analysts are in consensus that there will be a correction in US market this month. SG will just follow.
MrBear12 ( Date: 05-Sep-2024 10:49) Posted:
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Waiting at 152 and 149. Come come to Pa pa.
MrBear12 ( Date: 05-Sep-2024 10:49) Posted:
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I am expecting many cycles of this pump and dump.
Just don't be caught out in the final dump.
Just don't be caught out in the final dump.
Seems BB done it again, pump and dump in a upward trend...
I remember bro better very well. He used to provide us a lot of technical stuff. He also kept buying sembmarine.
Wonderful brother.
Whichever forum has him is very blessed.
For better times
Wonderful brother.
Whichever forum has him is very blessed.
For better times
Chansenghoe1971 ( Date: 05-Sep-2024 09:19) Posted:
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Oh yes 10 dollar in the next 3 years..
MrBear12 ( Date: 04-Sep-2024 22:44) Posted:
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Make sure no quarrel again else bam by the SJ moderator who is ever so sensitive and trigger-ban happy. If SJ continue banning and banning, there will slowly be an exodus of subscribers
Many good forummers had left eg Better..
Many good forummers had left eg Better..
MrBear12 ( Date: 04-Sep-2024 22:44) Posted:
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Thanks for sharing your analysis as always!
SgYuan ( Date: 04-Sep-2024 11:09) Posted:
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Wow!
10,000 views in just over 30 hours of putting up this new thread with a classic title.
This just goes to show how interested and vested we are in Seatrium.
I predict it will be the top stock for the next 3 years 2025-27.
Kudos to all who have faithfully supported this company and the best is yet to be!
10,000 views in just over 30 hours of putting up this new thread with a classic title.
This just goes to show how interested and vested we are in Seatrium.
I predict it will be the top stock for the next 3 years 2025-27.
Kudos to all who have faithfully supported this company and the best is yet to be!
PiRPiR ( Date: 04-Sep-2024 22:37) Posted:
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https://www.theedgesingapore.com/capital/brokers-calls/cgsi-sees-seatrium-laggard-pick-strong-turnaround-2h2024
CGSI sees Seatrium as a ?laggard pick? with 'strong turnaround' in 2HFY2024
CGS International analysts Lim Siew Khee and Meghana Kande are keeping their ?add? call on Seatrium with an unchanged target price of $2.69 after hosting the group?s management in Kuala Lumpur recently.
Following conversations, the analysts say they are remaining ?positive? on Seatrium?s efforts to improve its margins and profitability.
During the session, investors mostly questioned the group about the progress of its legacy projects and further provisions, order outlook and information requests by the Monetary Authority of Singapore (MAS) and Commercial Affairs Department (CAD), they add.
In their Sept 3 report, the analysts note that legacy projects were defined as the two loss-making contracts in the US. One of them is a high-specification trailing suction hopper dredger (TSHD) for Manson Construction while the other is a wind turbine installation vessel (WTIV) for Dominion Energy that is due to be delivered by the end of 2024 or early 2025.
?We estimate the remaining contract value for these projects to be $160 million - $200 million, with projected gross loss margins of 15% - 30%,? write Lim and Kande.
?Management is putting a strong emphasis on project management and attempting to minimise further provisions. 1HFY2024 provision for onerous contracts amounted to $70 million. Shortage of labour, such as welders, would result in cost overruns, in our view,? they add, noting that Elon Musk?s SpaceX, which also requires welders, has set up its new office and industrial factory in Brownsville, Texas.
On the investigation by the MAS and CAD, the analysts believe that the latest probe could be related to past statutory disclosures. During the session, Seatrium stressed that the investigation was not pertaining to a fresh allegation and that it is continuing to cooperate with the authorities.
In the analysts? view, sizeable orders could be near-term catalysts for the group. ?We believe Seatrium could be finalising a contract with BP for its Kaskida floating production unit (FPU) in the US Gulf of Mexico ? BP had achieved a final investment decision on the project in July 2024 and expects production to start in 2029,? they write.
Seatrium was awarded a letter of intent for the engineering, procurement, construction and commissioning for the project in June. The analysts now estimate the contract size to range between US$600 million ($784 million) to US$700 million.
?Medium-term projects in the pipeline could include high-voltage direct currents (HVDCs) from 50Hertz Germany and Tennet,? they add.
For the 1HFY2024 ended June 30, Seatrium reversed into earnings of $36.0 million thanks to its ?aggressive? cost savings in selling, general and administrative expenses (SG&A) in addition to better gross margins.
That said, the group?s share price has underperformed by 7% despite its results announcement on Aug 2. The underperformance is likely due to the market?s lack of confidence in Seatrium?s ability to improve its core gross margins, note Lim and Kande. The market may also remain concerned over any further provisions for onerous contracts, they add.
That said, Seatrium remains the analysts? top pick as they see potential of a ?strong? turnaround in 2HFY2024 with an estimated 184% h-o-h increase in net profit.
As at 12.48pm, shares in Seatrium are trading 1 cent higher or 0.64% up at $1.58
CGSI sees Seatrium as a ?laggard pick? with 'strong turnaround' in 2HFY2024
CGS International analysts Lim Siew Khee and Meghana Kande are keeping their ?add? call on Seatrium with an unchanged target price of $2.69 after hosting the group?s management in Kuala Lumpur recently.
Following conversations, the analysts say they are remaining ?positive? on Seatrium?s efforts to improve its margins and profitability.
During the session, investors mostly questioned the group about the progress of its legacy projects and further provisions, order outlook and information requests by the Monetary Authority of Singapore (MAS) and Commercial Affairs Department (CAD), they add.
In their Sept 3 report, the analysts note that legacy projects were defined as the two loss-making contracts in the US. One of them is a high-specification trailing suction hopper dredger (TSHD) for Manson Construction while the other is a wind turbine installation vessel (WTIV) for Dominion Energy that is due to be delivered by the end of 2024 or early 2025.
?We estimate the remaining contract value for these projects to be $160 million - $200 million, with projected gross loss margins of 15% - 30%,? write Lim and Kande.
?Management is putting a strong emphasis on project management and attempting to minimise further provisions. 1HFY2024 provision for onerous contracts amounted to $70 million. Shortage of labour, such as welders, would result in cost overruns, in our view,? they add, noting that Elon Musk?s SpaceX, which also requires welders, has set up its new office and industrial factory in Brownsville, Texas.
On the investigation by the MAS and CAD, the analysts believe that the latest probe could be related to past statutory disclosures. During the session, Seatrium stressed that the investigation was not pertaining to a fresh allegation and that it is continuing to cooperate with the authorities.
In the analysts? view, sizeable orders could be near-term catalysts for the group. ?We believe Seatrium could be finalising a contract with BP for its Kaskida floating production unit (FPU) in the US Gulf of Mexico ? BP had achieved a final investment decision on the project in July 2024 and expects production to start in 2029,? they write.
Seatrium was awarded a letter of intent for the engineering, procurement, construction and commissioning for the project in June. The analysts now estimate the contract size to range between US$600 million ($784 million) to US$700 million.
?Medium-term projects in the pipeline could include high-voltage direct currents (HVDCs) from 50Hertz Germany and Tennet,? they add.
For the 1HFY2024 ended June 30, Seatrium reversed into earnings of $36.0 million thanks to its ?aggressive? cost savings in selling, general and administrative expenses (SG&A) in addition to better gross margins.
That said, the group?s share price has underperformed by 7% despite its results announcement on Aug 2. The underperformance is likely due to the market?s lack of confidence in Seatrium?s ability to improve its core gross margins, note Lim and Kande. The market may also remain concerned over any further provisions for onerous contracts, they add.
That said, Seatrium remains the analysts? top pick as they see potential of a ?strong? turnaround in 2HFY2024 with an estimated 184% h-o-h increase in net profit.
As at 12.48pm, shares in Seatrium are trading 1 cent higher or 0.64% up at $1.58
Yes 170 end sept
Pull back to your 162 Oct
Pull back to your 162 Oct
Joyoftheworld ( Date: 04-Sep-2024 16:01) Posted:
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Seatrium shares surge on re-rating, short covering and share buybacks
SINGAPORE - Shares of offshore marine engineering company Seatrium have risen sharply in recent days from a combination of short covering, institutional buying and share buybacks.
The counter surged to an intraday high of $1.61 around 10am on Sept 3. It closed 1.3 per cent higher at $1.57 on Sept 3.
The stock closed at $1.45 on Aug 29, before climbing 2 per cent on Aug 30 and 4.7 per cent on Sept 2. It has risen more than 8 per cent in just three trading sessions.
Several analysts and brokers attributed the sharp pickup to short covering, as traders who had shorted the stock bought back the shares to close out their positions. The counter saw a sharp selldown just after it announced its first half-year results on Aug 2.
The uptick also comes as the company started its share buyback programme over the past few days. Earlier in 2024, the company obtained shareholder approval to buy back $100 million worth of shares. The company last week bought back some $2 million worth of shares at an average price of $1.4833.
Mr Thilan Wickramasinghe, research head at Maybank Securities, also reckons some institutional funds have been slowly getting into the stock, which some market experts think is more than 40 per cent undervalued based on discounted cash flows, and is still trading over 45 per cent below estimated fair value of $2.88.
UOB Kay Hian on Sept 3 added Seatrium to its Alpha Picks list of stocks which will likely outperform the market this month. Noting strong order books and steady project completions, the investment house maintained its &ldquo buy&rdquo call on the stock, with a six- to 12-month target price at $2.31 based on a price-book multiple of 1.15 times.
The recent perk up its stock price also comes following analysts&rsquo re-rating of the company after it posted a turnaround in its performance numbers.
After swimming in red ink for six years, Seatrium returned to profitability, fuelled by a tailwind of new orders on the back of buoyant energy prices.
The group posted underlying net profit of $115 million for the half year to end-June. This was a $379 million turnaround from losses in the year-ago period. Net profit attributable to shareholders came in at $36 million, reversing a loss of $264 million a year earlier. Earnings per share stood at 1.05 cents, versus a loss of 9.4 cents.
The results came on the back of revenue growth of 39 per cent to $4 billion, from $2.89 billion in the year-ago period.
Seatrium also sits on record order book now surpasssing $26 billion. It has also been cleaning house by clearing up legacy issues left behind by a 10-year slump in the oil market, and is seeing a significant strengthening of its balance sheet.
162 by end Oct. Will reload my 152 order shortly.