$PING AN(02318.HK)$ waiting for $30!

$Seatrium Ltd(5E2.SG)$  this is shit. management consolidate the shares to curb short trading but the recent movements just proves that they are wrong.  The roots of the prob is they fail to convince the market on the ability of Seatrium to recover….

$Seatrium(S51.SG)$ 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.