Shares & Derivatives
Seatrium’s share price plunges after Investor Day. What disappointed investors?
By Beansprout  •  March 26, 2024
Seatrium's share price fell sharply after its transformation plan was unveiled at a recent Investor Day. We find out what is driving weakness in Seatrium's share price. This article was first published on 26 March 2024. What happened? Seatrium Limited recently hosted its inaugural Investor Day. Earlier, we shared that Seatrium was one of the Singapore companies going through a strategic review or transformation. We have already seen companies such as Sembcorp IndustriesSingtel and Starhub outlining their plans to transform the company. Likewise, Seatrium’s Investor Day outlined a strategy plan to capture opportunities and generate profitability by 2028. However, Seatrium’s share price fell to a 52-week low of S$0.076 after the Investor Day. This would also bring Seatrium’s share price decline year-to-date to more than 30%. We dig deeper into the Seatrium’s Investor Day to find out more about its long-term plans, and what may have led to the disappointment amongst investors. Source: Google Finance...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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