$Seatrium Ltd(5E2.SI)$ Shorts covering their positions this week after market recovery. Time to buy with ~50% discount to Fair Value, especially after recent announcement of profitable 1H2024 turnaround of S$36m vs net loss of S$264.4m from corresponding year-ago period. The increase in revenues by 39.1% to S$4b for 1H2024 is only the beginning as it benefits from new-build projects, increased repairs and upgrade activities - reflecting its strong focus on executing projects and improving margins in the long-term.
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