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$Seatrium (S51.SG)$ shs is dropping after Investor Day. This...

$Seatrium (S51.SG)$ shs is dropping after Investor Day. This is because Seatrium said it will be increasing its debts to $2-3 billion from $750 mil but gives no visibility on corresponding increments of its current $16 bil order book. All that it said is how it’s going to acheieve $1 bil ebitda and 8% ROE by mainly cost saving measures. Investors are in fact looking for growth factors to justify the debt. Unfortunately Seatrium management fails to address it.
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