Seatrium is essentially a garbage, the glory days are long over. This isn't even a growth stock; it's a sinking ship in cyclical businesses.
When you factor in the stock consolidation, the pre-consolidation price was just 8.65 cents. It's simply a poor investment dressed up in a new packaging. Operating costs in Singapore are high, which makes it challenging for labour-intensive businesses to be profitable. Some people prefer to wait, hoping the situation will improve, but it could take years—or worse, the situation could worsen with no results or further complications. Why not consider other opportunities instead of wasting your hard-earned money here, just waiting endlessly?
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