📣 📣 Top mover alert: Seatrium dives 9.5% post earnings

▪️ Seatrium shares plunged 9.5% as of the AM session, after announcing pre-market this morning a half year net income of $36 million that took the company back into the black for the first time since 2017

▪️ Seatrium's stock has been rallying in recent days, hitting a high at $1.70 before closing yesterday at $1.68.

▪️ Recently, Seatrium's CEO laid out an ambitious pathway for his company, including achieving Ebitda of more than $1 billion, return on assets of 8% and gearing of less than 2 times by 2028. The company has also identified $300 million in annualised synergies and savings via standardised pricing with customers and reduction in overheads. It is also aiming for $200 million in procurement savings by managing a more efficient supply chain. (Straits Times)

▪️ On Bloomberg, the stock has analysts with 9 Buy calls with a 12-month target price of $2.71, zero holds and zero sells.

▪️ Investors who think the stock could make a short-term rebound from today's price and are keen to gain leveraged exposure to Seatrium may wish to consider Macquarie Warrants Singapore's Seatrium call warrant:

📌 Seatrium MB eCW241227 (LJGW)