Even after today's sell down, OCBC came out with a TP of 160...
$Seatrium(S51.SG$ Even after today's sell down, OCBC came out with a TP of 160 after 3pm. Citing below:
FY28 targets include: 1. Revenue of SGD 10 to 12bio, EBITDA of at least SGD 1bio, ROE of at least 8%, net debt / EBITDA of 2-3X.
2. Path to profitability involves both topline growth and cost optimisation, backed by stronger balance sheet and improved liquidity.
3. Diversify net order book and Future proof business by growing renewables and green solutions.
Could it be institutions beating down the prices and buying back cheaper.
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JJ trader : OCBC should not sell all lah. Holding to the baby.
JJ trader : 0.081 also cannot hold.
JJ trader : By end of today maybe see 0.079
JJ trader : Wah no need end of the day. Now already 0.079 !!!
JJ trader : Whoever sell really know something that we don’t know.
Blue Eyed Boy OP : yes probably illegal insider trading
JJ trader : Big boy play. SGX no questioning.
JJ trader : All get above 0.084 so happy. Now cut losses. SGX no questioning on this bb.
IamArnold : must know the analyst is buy side or sell side. it happened before the analyst is on the opposite side of us![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")