$Seatrium Ltd(5E2.SI)$  

Seatrium outlook “appears” promising and has seen a significant surge in its share price in the past week. It is attributed to a combination of short covering, institutional buying, and a robust share buyback program. However, I feel uneasy, about the share buyback. It entails the company has nowhere or alternatives to utilize their resources.

Analysts have changed their ratings, noting Seatrium’s strong order book, which now exceeds $26 billion. The company has returned to profitability, reporting a net profit of $115 million for the first half of 2024.

Analyst like UOB Kay Hian maintain a “buy” rating, with target prices suggesting substantial upside potential. Other analysis have a “buy” rating in early August with good target prices. Waiting for updates to the ratings.

Hope the coming rate cuts may open possibilities for re-financing or more opportunities for further growth.

Overall, Seatrium’s improved financial performance, strategic initiatives, and favorable market conditions contribute to a bullish outlook for its stock.,😎

https://www.straitstimes.com/business/seatrium-shares-surge-on-re-rating-short-covering-and-share-buybacks

https://research.uobkayhian.com/content_download.jsp?id=80901&h=88c03b34bb3d00bab7dbe9fde05e020e&utm_medium=email&_hsenc=p2ANqtz-9lcWSxBL0SQ620zxkLb7ljXdQ1XkCej2Zf5kvbbfq5KPLvDuSoBJ7KUNlOl_OsxO-Xhxp1EVKBFuTrIg3jxXpfzEDfOQ&_hsmi=322814106&utm_content=322814106&utm_source=hs_email

# 💰 Stocks to watch today?(19 Sep)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment2

  • Top
  • Latest
  • quixi
    ·09-05
    It's great to see Seatrium's share price surge and its positive financial performance.
    Reply
    Report
  • moonbop
    ·09-05
    Awesome surge in share price
    Reply
    Report