Seatrium Limited (SGX: 5E2)
Seatrium provides innovative engineering solutions to the global offshore, marine, and energy industries. The group has 60 years of experience in the design and construction of rigs, floaters, offshore platforms, and specialised vessels. Shares of Seatrium have touched their 52-week low of S$1.55 and are down 35% year to date....There are many reasons why share prices decline.
A key reason could be that earnings and cash flow for the business have taken a hit, causing investors to feel despondent about the stock.
Another reason could be sentiment-based.
Investors may feel pessimistic about the prospects of the company or the industry it is in.
When share prices hit their year-lows, these stocks could end up being attractive bargains and a signal for investors to scoop them up.
Here are three Singapore blue-chip stocks that recently touched their 52-week lows that you may consider adding to your buy watchlist.