Seatrium Ltd
5E2: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 5.54 | Qwj | Sblkjqtq |
Seatrium: Investor Day Provides 2028 Financial Targets; Shares Undervalued
No-moat Seatrium held its investor day on March 15. Following our review of management’s comments, we keep our earnings forecasts and fair value estimate at SGD 0.12 per share. We think Seatrium is undervalued currently, with upside to be driven by significant new-order wins. The firm also said it would focus on increasing shareholder returns through dividends and share buybacks.