shs is dropping after Investor Day. This is because Seatrium...
$Seatrium(S51.SG$ 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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Shootingstar : New account is it? I like to block these type
JJ trader Shootingstar : Why block? Good information.
gentle Iguana_2693 JJ trader : I gone through the presentation chart many times, could not co-relate what the new poster is saying. biggest problem is Chris Ong should not be doing the show-n-tell when there is no meat in the presentation. seatrium has no good record to show yet, and if he has no strength to show, he has shown Seatrium weakness for the short seller to hammer.
JJ trader gentle Iguana_2693 : Is alright. Take it as reading news.
No hard feelings.