don’t understand
$Seatrium Ltd (5E2.SG)$ This is a good stock with strong fundamentals, the company is buying back shares (indicating that the company feels it is undervalued), Q3 earnings report was respectable, HOW IS THIS STOCK NOT RISING??
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when people get into stocks they all suddenly become religious
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102881417 : Same as the Jardine stable . Buy backs also stuck and lost money . DFI is one example
gentle Iguana_2693 : check the outflow of fund after it is being dropped from MSCI? probably more than 100mil that is the Seatrium total amt set aside for buyback. all believers are more than fully loaded at this time. I am picking up when price is real good, what's holding back is the middle east uncertainty.
1199330 : still want buy back the share![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
默默无闻的学徒 : The order recently delivered by Seatrium was completed one year ahead of schedule. If this company continues to maintain this pace, there is still hope.
Rumpole : “In the short run, the market is a voting machine, but in the long run, it is a weighing machine.” - Benjamin Graham.
Seatrium is a turnaround story, and the first hurdle has been achieved - clearing old unprofitable legacy contracts. I think this management knows what it is doing. The large recently-acquired order book is a good foundation for that turnaround. Be patient.
103132300- Leoksw : waiting for me...
101843152 : a lot of ppl got this stock for free from Keppel corp. These ppl are selling down. will take 2-3 years to fully dissolve the huge amount of floating share