$Seatrium (S51.SG)$ Failure to understand a stock back ground is just like stepping into a mine field.
SMM is a not a oil stock. SMM is only an oil related stock.
It used to concentrate on oil rigs and support vessels ( How many have ever step into SMM shipyard?)
. Now time have changed. It builds all different kind of vessels and ship repairing works. The merger with Keppel O&M will support it share price too. Yes, we all know SMM need cash to continue it operation, let is why it has very huge debt.
And I believed lot of people in Moo app doesn't know that SMM have an asset worth $0.8 / share( 2020 valuation)
which will take years to cash out.
As for
$RH PetroGas (T13.SG)$ $Rex Intl (5WH.SG)$ , both are purely oil stock. By just reading the international crude oil price won't much help in trading the stocks.
Don't worry, party can always happen again..
And no party can still play with the small swings....
JoJo123 : Buy more
48685 : thanks for sharing
Stock Watch OP JoJo123 :
Stock Watch OP 48685 :
Small bull : I m confused, bankers written SMM is considered low debt. Keppel and many competitors even have much higher debts.
102489653 : what do you suggest for $Seatrium (S51.SG)$ investor?
Stock Watch OP 102489653 : Since the merger have confirmed and will be completed by Dec 2022, why not continue to wait. At 0.1, give SMM a chance. The upside is much higher as compared to the downside.....
GTaurus : With more projects completed in 2H 2022, SMM will get more cash back for new projects. Let see new SMM in future.
Stock Watch OP GTaurus :
LuckyPiggie Small bull : actually debt quite high ... but 靠山 big
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