$Seatrium Ltd (5E2.SG)$ It is important to know the reason w...

$Seatrium Ltd (5E2.SG)$ It is important to know the reason why you are buying or selling a counter. For Seatrium, the huge sell down since couple of years ago is due to corruption scandal, writedowns, building up of debt, poor sembcorp marine ex management, supposely unfair price Seatrium paid Keppel for Sembcorp/Keppel O&M merger.. and all these lead to investors lost of confidence. These all lead to stock severely beaten down and counter severely undervalued. If you break down the above problems, you will noticed that right now Seatrium only faces 2 'major' issues - Massive Debt and corruption probe. Its annoucement on Monday has already resolved the most serious issue which is its Massive Debt since company announced that they achieve NET PROFIT in their unaudited FS. We will need a detailed look at how much debt they managed to par down in tomorrow's release and how much profit did they make exactly. If you are concerned about corruption probe, ex management has left and nobody in current management will be jailed since they are not the ones involved hence possibility of a fine is more likely. Do you think the fine will even be more than 20M? Whats this small money to the only MEGA yard in SG? If you know Chris Ong, he was ceo of Keppel O&M since 2017. Under his leadership made big money and their O&M division contributed tremendously to Keppel Group, and I now believe that he will turn this piece of shit company (caused by Sembcorp Marine ex management) around given that things improve tremendously in just 2 quarters. The only question is only how much?