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Seatrium Ltd
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Seatrium everyday being heavily short sell
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SAVIORFOREVER
Supreme |
06-Aug-2024 10:05
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Just follow the Gods.
Bid Bid Vol(K) Ask Ask Vol(K) 1.430 2,221.6 1.440 1,046.2 1.420 2,471.2 1.450 1,127.2 1.410 2,447.9 1.460 795.9 1.400 2,809.4 1.470 1,025 1.390 2,027.2 1.480 1,561.8 1.380 2,163 1.490 1,856.7 1.370 1,650.6 1.500 1,229.4 1.360 1,490.9 1.510 1,578.5 Trade with shortsellers and DYODD |
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SAVIORFOREVER
Supreme |
06-Aug-2024 09:35
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No one can stop the shortsellers.
Bid Bid Vol(K) Ask Ask Vol(K) 1.440 1,491.6 1.450 973.3 1.430 1,615.2 1.460 813.5 1.420 2,009.2 1.470 1,289.9 1.410 2,140 1.480 1,528.5 1.400 2,652.1 1.490 1,846.7 1.390 1,950.7 1.500 1,133.1 1.380 2,008.6 1.510 1,580.4 1.370 1,602.4 1.520 1,749 1.360 1,477 1.530 1,330 Trade with the Gods and DYODD |
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SAVIORFOREVER
Supreme |
05-Aug-2024 16:42
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Day shorts covering.
Bid Bid Vol(K) Ask Ask Vol(K) 1.460 1,236.5 1.470 1,045 1.450 1,070.7 1.480 2,121.8 1.440 1,684 1.490 1,705.4 1.430 1,440.3 1.500 1,345.3 1.420 2,548.6 1.510 1,196.9 1.410 2,796.2 1.520 1,410.5 1.400 4,819.1 1.530 1,413.1 1.390 2,203.3 1.540 1,312.7 1.380 2,205.6 1.550 1,707.5 1.370 1,441.2 1.560 1,666.3 1.360 1,537.2 1.570 1,346.3 Trade with expectation and DYODD |
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SAVIORFOREVER
Supreme |
05-Aug-2024 15:15
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Ghost month good for shortselling.
Trade with awareness and DYODD |
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MrBear12sfan
Member |
05-Aug-2024 14:11
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He eats both sides. Look at his appetite... 6pratas. Am still looking up to him. 👍 👍 👍 👍 👍
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JessTrang
Veteran |
05-Aug-2024 13:50
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Actually his strategy is good mah.. 1.5 entry, 1.56 sell and cum short, down 1.4 then entry again, up 1.45 sell cum short.. ideal, lol
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BinderyT
Elite |
05-Aug-2024 13:30
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U went to BUY after making money on shorting it? Lol! Aiyo .... and I was looking up to you :)
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SAVIORFOREVER
Supreme |
05-Aug-2024 13:26
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Get ready to buy 142 again.
Bid Bid Vol(K) Ask Ask Vol(K) 1.430 1,686.7 1.440 529.3 1.420 2,642.8 1.450 1,520.7 1.410 2,429.3 1.460 1,817.1 1.400 4,515.1 1.470 1,452.8 1.390 2,115.6 1.480 2,150.6 1.380 2,118.3 1.490 1,546.2 1.370 1,461.9 1.500 1,623.6 1.360 1,605.9 1.510 1,217.1 Trade with update and DYODD |
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tonytony
Veteran |
05-Aug-2024 09:52
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Who actually predicted STM could make a profit this year ? It is a company with orders which can last till the next 7 years. It is confirmed a turn around company ! | ||||
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piscesmonkey
Supreme |
05-Aug-2024 09:30
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ususally big sell off STI next day will be rebound strong, | ||||
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2egg4kosong
Veteran |
05-Aug-2024 09:28
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dang, now i need to hold this baby!
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SAVIORFOREVER
Supreme |
05-Aug-2024 09:22
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Bid Bid Vol(K) Ask Ask Vol(K)
1.420 372.9 1.430 651.1 1.410 1,556.4 1.440 871.6 1.400 3,510.5 1.450 1,618.4 1.390 1,852.5 1.460 1,113.1 1.380 1,718.7 1.470 981.2 1.370 1,341.1 1.480 1,242.8 1.360 1,503 1.490 1,138.7 Trade with expectation and DYODD |
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MrBear12
Supreme |
03-Aug-2024 19:34
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Short sellers will cobtinue their relentless attacks. So price may be depressed for quite some while. My rocket is gonna be in cold storage until at least Christmas
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Tob231
Elite |
03-Aug-2024 17:24
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When dust is settled, we will on the other side ... that truly Seatrium has turned around. Happy to release and collect again
Seatrium: The offshore and marine specialist marked its turnaround with a net profit of S$36 million for the first half ended Jun 30, reversing from a net loss of S$264.4 million in the corresponding year-ago period. Revenue for the same period jumped 39.1 per cent to S$4 billion from S$2.9 billion the year before, it said on Friday. Shares of Seatrium closed flat at S$1.68 on Thursday. |
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Joelton
Supreme |
03-Aug-2024 09:50
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Seatrium dives after Friday results release, pulling STI down 1.1%
Across the broader market, decliners beat advancers 422 to 199 as 1.3 billion shares worth S$1.7 billion are traded
SINGAPORE equities fell on Friday (Aug 2), as earnings reports moved counters on the local bourse.
The benchmark Straits Times Index (STI) slid 1.1 per cent or 38.39 points to 3,381.45.
Across the broader market, decliners beat advancers 422 to 199. More than 1.3 billion shares worth S$1.7 billion changed hands throughout the day.
In the region, key indices were in the red. Hong Kong&rsquo s Hang Seng Index shed 2.1 per cent, while South Korea&rsquo s Kospi Composite Index declined 3.7 per cent. Japan&rsquo s Nikkei 225 dived 5.8 per cent. The Bursa Malaysia Kuala Lumpur Composite Index lost 0.8 per cent.
Back home, offshore and marine player Seatrium : 5E2 -11.31% fell 11.3 per cent or S$0.19 to S$1.49, at the bottom of the STI. The group on Friday posted a profit of S$36 million for H1 FY2024, reversing from a loss in H1 FY2023.
In contrast, pan-Asia retailer DFI Retail Group : D01 +2.3% rose to the top of the index as its counter gained 2.3 per cent or US$0.04 to US$1.78. The group more than doubled its underlying profit for the six months ended June to US$75.6 million, it reported on Thursday.
The trio of local banks retreated on Friday. DBS : D05 -1.86% declined 1.9 per cent or S$0.67 to S$35.31, while OCBC : O39 -0.13% edged down 0.1 per cent or S$0.02 to S$14.80. UOB : U11 -0.66%, meanwhile, shed 0.7 per cent or S$0.21 to S$31.83.
In a Friday report after UOB&rsquo s second-quarter results release, RHB analysts said UOB&rsquo s preference for capital retention means yields and dividend per share growth are more muted, even as investors focus on dividend yields during a rates down cycle.
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Joelton
Supreme |
03-Aug-2024 09:46
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Seatrium marks turnaround with H1 net profit of S$36 million
Revenue rises 39.1 per cent to S$4 billion
OFFSHORE and marine specialist Seatrium on Friday (Aug 2) marked its turnaround with a net profit of S$36 million for the first half ended Jun 30, reversing from a net loss of S$264.4 million in the corresponding year-ago period.
Revenue for the half year rose 39.1 per cent to S$4 billion, from S$2.9 billion the year before. The group attributed the increase in revenue to recognition from new-build projects, and increased repairs and upgrades activities.
Seatrium said its return to profitability reflected its strong focus on executing projects and improving margins. This is the first time the company has reported profits for the half-year period since its formation in 2023.
Earnings per share climbed to S$0.0105 in H1 FY2024, compared to a loss per share of S$0.094.
Seatrium has a growing order book, having secured order wins of S$13.4 billion in the first half. As at Jun 30, its net order book was at S$26.1 billion &ndash the highest in a decade &ndash representing a 61 per cent increase from end-2023.
Targets
Renewable and green solutions made up about S$9.3 billion, or 35 per cent, of the company&rsquo s net order book for the half year, an increase from S$6.3 billion from end-2023. The company has committed to an order book mix of 40 per cent renewable and green solutions as part of its sustainability target.
While Seatrium cannot control the final investment decisions on its projects, the target is a guide for focusing the company&rsquo s capability and capacity, said chief executive Chris Ong. From working with customers to training its staff, the company aims to continue building its order book mix to match the target.
&ldquo Being at the forefront in the race, the customer will see the value come to us &ndash that is how we front the market and build up the different franchises in each of the areas,&rdquo he said.
The group&rsquo s order backlog, comprising 32 projects with deliveries until 2031, will underpin its revenue visibility for the next few years, Ong noted. Seatrium aims to complete the legacy projects that continue to impact overall margins by the end of this year.
Adrian Teng, the company&rsquo s chief financial officer, said: &ldquo The focus is to complete these legacy projects in 2024, so that we can move on from the past and focus on new orders that have been secured since the combination last year.&rdquo
The One Seatrium global delivery model will enable the company to take on projects in the most efficient, profitable way across its facilities. This includes subcontracting out parts of a project that would have better value from Seatrium&rsquo s partners.
Ong said: &ldquo This will enable us to effectively scale, taking on new projects at any point in time, while harnessing the competitive advantage of the locations we operate in.&rdquo
Seatrium currently targets mid-teens gross margins for new projects, and leverages its series-building strategy for operational efficiencies. Building out projects in series yields lessons, which are then applied to subsequent projects and supply-chain synergies for economies of scale.
Excluding the one-off provision of S$79 million for the full and final settlement to MH Wirth, Seatrium&rsquo s underlying net profit for H1 grew to S$115 million, reversing from a net loss of S$264 million for H1 FY2023.
Underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) came to S$390 million for H1, improving from S$36 million the year before. This was backed by better margins and lower overheads.
Seatrium is on track to realise annual recurring savings of S$300 million by FY2025, and this is expected to impact gross margins. The focus on these cost-saving initiatives include standardising pricing terms with customers, reducing overheads, volume pooling during procurement, more efficient processing and asset rationalisation.
Additionally, its net leverage ratio for the half-year period was 2.9 times, falling from 3.2 times as at last Dec 31.
This is from the group&rsquo s successful divestment of the Batangas Shipyard in the Philippines the group has entered into an option to sell Crescent Yard in Singapore in the first half of the year.
No dividend was recommended for the period ended Jun 30.
There are no updates to the joint investigation by the Monetary Authority of Singapore and the Commercial Affairs Department pertaining to Operation Carwash.
The outlook for the offshore and marine industry remains positive, supported by broad-based demand across both the oil and gas and renewables sectors, the group added.
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Tob231
Elite |
03-Aug-2024 08:34
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Time for another round of collection ... move with the big players Back home, offshore and marine player Seatrium : 5E2 -11.31% fell 11.3 per cent or S$0.19 to S$1.49, at the bottom of the STI. The group on Friday posted a profit of S$36 million for H1 FY2024, reversing from a loss in H1 FY2023.
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2egg4kosong
Veteran |
02-Aug-2024 23:55
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Omg, means I need to sell Seatrium asap next week if there's a slight rebound. DBS holds 3% in Seatrium by the way.
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n3wbie
Elite |
02-Aug-2024 23:42
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Quite a bullish update from DBS - < Results Analysis> Promising 1H24 resuls
Seatrium reported encouraging 1H24 results with core profit of SGD115mn (incl. SGD35mn gains on disposal of PPE), better than expectations of ~SGD50mn profit. This came on the back of 39% y/y increase in revenue to SGD4bn and gross margin improvement (excl. impact of provisions) to 5.6% (a turnaround from losses previously seems on track to meet our projection of 7% for FY24). Including SGD79mn provisions booked for MH Wirth arbitration settlement, headline bottomline remains in the black at SGD36mn, first interim profits since 2018. It generated positive EBITDA of SGD390mn. Net gearing inched up to 0.3x as of end Jun-24 from 0.2x as of end 2023 due to project working capital needs. Net debt to EBITDA, however, improved to 2.9x, from 3.2x as of end 2023 with improving EBITDA to SGD390mn. Time to bottom-fish. Seatrium has clinched SGD13.4bn worth of new orders in 1H24, lifting net orderbook to decade-high of SGD26.1bn, providing good revenue visibility for the next three years. Of which, SGD9.3bn or c.35% are renewables and cleaner/green solutions. The commendable 1H24 results bring cheers to market, boosting confidence on its operational turnaround. This is particularly crucial a slew of negative newsflow that dampened share prices the past six months. We expect potential share price catalysts stemming from robust order momentum (such as BP&rsquo s Kaskida FPU, Petrobras FPSO, TenneT HVDCs), integration synergies, solid management execution and earnings turnaround. We currently have a BUY call and TP SGD3, based on 1.5x FY24 PB. |
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Tob231
Elite |
02-Aug-2024 22:12
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Play their game with anticipation and movement 😃
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