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 Industries, Singtel 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...