$Seatrium Ltd(5E2.SI)$ From th-To The Moon - Tiger Brokers Online Investing Community - To The Moon

The Bull Hunter

$Seatrium Ltd(5E2.SI)$ From the discussions here and online, i see a lot of negativity about this stock. However, we come here with a common purpose and that is to make money and perhaps get some excitement as we ride with the stock’s roller coaster pricing. Talking about roller coaster price, this stock fits the description well. Since 2020 and previously known as SembCrop Marine SGX: S51, this stock has went down and down, went thru a series of share offerings in 2021-22, combination with Keppel’s offshore and marine, transition into clean energy, Brazil probe, removal from MSCI and finally 20:1 share consolidation this year.

Yesterday’s price at S$1.48 and if you divide this by 20, ( share consolidation 20:1 ) it’s S$0.074 which is way below the last share offering price of $0.08 back in 2022 ( 3:2 where shareholders can buy additional 3 shares for every 2 shares they hold ) I think many would have taken the opportunity to DCA during this time. I was one of them too.

Do take note that since Seatrium Q1FY2024 update in May 2024, the company has a bagful of positive news with order books of S$25.8B, increase of 59% from the previous FY. There is more contracts since May which I shall not go into detail. At the same time, Seatrium transition into renewable & clean energy is also a big plus for them. Do take note that Seatrium price hover around $0.10 for quite a while after the 3:2 offer until its departure from MSCI this year and Brazil probe, which everyone thought its over.

Price today is a far cry from its heyday S$50+ some 10 year back. But give this stock some time for the contracts to be fulfilled , again contracts and projects takes time, which translates to earnings and positive earning should start building up. The price now is quite a good price to begin with.

Modified in.07-18

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Comments

Jamesang
07-21
Jamesang
$Seatrium Ltd(5E2.SI)$ I bought $32,000 Seatrium shares at $1.46. I have another $40,000 to DCA at $1. If seatrium falls to 50 cents I will use my $1.2 million cash in bank to buy $1.2 million of seatrium
BK99
07-23
BK99
Yes it will rise like a Phoenix
whimsie
07-18
whimsie
Interesting indeed
Ah Huat Kopi
07-18
Ah Huat Kopi
Nice

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However, we come here with a common purpose and that is to make money and perhaps get some excitement as we ride with the stock’s roller coaster pricing. Talking about roller coaster price, this stock fits the description well. Since 2020 and previously known as SembCrop Marine SGX: S51, this stock has went down and down, went thru a series of share offerings in 2021-22, combination with Keppel’s offshore and marine, transition into clean energy, Brazil probe, removal from MSCI and finally 20:1 share consolidation this year.</p>\n<p>Yesterday’s price at S$1.48 and if you divide this by 20, ( share consolidation 20:1 ) it’s S$0.074 which is way below the last share offering price of $0.08 back in 2022 ( 3:2 where shareholders can buy additional 3 shares for every 2 shares they hold ) I think many would have taken the opportunity to DCA during this time. 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The price now is quite a good price to begin with.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/5E2.SI\">$Seatrium Ltd(5E2.SI)$</a> From the discussions here and online, i see a lot of negativity about this stock. However, we come here with a common purpose and that is to make money and perhaps get some excitement as we ride with the stock’s roller coaster pricing. Talking about roller coaster price, this stock fits the description well. Since 2020 and previously known as SembCrop Marine SGX: S51, this stock has went down and down, went thru a series of share offerings in 2021-22, combination with Keppel’s offshore and marine, transition into clean energy, Brazil probe, removal from MSCI and finally 20:1 share consolidation this year.</p>\n<p>Yesterday’s price at S$1.48 and if you divide this by 20, ( share consolidation 20:1 ) it’s S$0.074 which is way below the last share offering price of $0.08 back in 2022 ( 3:2 where shareholders can buy additional 3 shares for every 2 shares they hold ) I think many would have taken the opportunity to DCA during this time. I was one of them too. </p>\n<p>Do take note that since Seatrium Q1FY2024 update in May 2024, the company has a bagful of positive news with order books of S$25.8B, increase of 59% from the previous FY. There is more contracts since May which I shall not go into detail. 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Since 2020 and previously known as SembCrop Marine SGX: S51, this stock has went down and down, went thru a series of share offerings in 2021-22, combination with Keppel’s offshore and marine, transition into clean energy, Brazil probe, removal from MSCI and finally 20:1 share consolidation this year. Yesterday’s price at S$1.48 and if you divide this by 20, ( share consolidation 20:1 ) it’s S$0.074 which is way below the last share offering price of $0.08 back in 2022 ( 3:2 where shareholders can buy additional 3 shares for every 2 shares they hold ) I think many would have taken the opportunity to DCA during this time. I was one of them too. Do take note that since Seatrium Q1FY2024 update in May 2024, the company has a bagful of positive news with order books of S$25.8B, increase of 59% from the previous FY. There is more contracts since May which I shall not go into detail. At the same time, Seatrium transition into renewable & clean energy is also a big plus for them. 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