18 Mar - Seatrium falls as much as 11.2% amid heavy trading
Extracts from the article. DYODD. I never trust analysts' TP.
"DBS Group Research on Monday cut its FY2024-25 profit forecasts for Seatrium by 13 to 16 per cent, after factoring in updates from the offshore and marine group’s Investor Day presentation on Friday.
Seatrium’s management guided for a revenue target of S$10 billion to S$12 billion by 2028, implying a five-year compound annual growth rate of between 7 and 10 per cent.
Profitability targets, however, seem less inspiring, DBS said in a research note.
Seatrium’s management guided for a revenue target of S$10 billion to S$12 billion by 2028, implying a five-year compound annual growth rate of between 7 and 10 per cent.
Profitability targets, however, seem less inspiring, DBS said in a research note.
It has reiterated “buy” on Seatrium and a target price of S$0.15, which implies a potential upside of 87.5 per cent from the counter’s 4.20 pm trading price.
OCBC Investment Research, meanwhile, has a “buy” rating and fair value estimate of S$0.16 on Seatrium, implying a potential upside of 100 per cent."
OCBC Investment Research, meanwhile, has a “buy” rating and fair value estimate of S$0.16 on Seatrium, implying a potential upside of 100 per cent."
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cowpehcowmoo : Yes never ever trust Analyst TP and always do your own valuation if you know how because nobody will safeguard your interest and money except yourself and maybe your mum. Analyst TP is almost always biased depending on the position they are taking so always take their opinions with pinch of salt. Though I must highlight to always take their 'facts' into consideration (you have to analyze what data they have yourself) on what to believe since they have more access to data than most of us hence they are not entirely useless to retail investors