Seatrium Buys Back More Shares

MT Newswires01-02

Seatrium (SGX:S51) repurchased 965,000 shares in the open market on Tuesday for SG$2.0 million, or SG$2.059 apiece, according to a same-day filing with the Singapore Exchange.

The ship repair company has been authorized to buy back 68.2 million shares under its current mandate. To date, it has bought back around 24.9 million shares.

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Comments

  • Cedric77
    01-03
    Cedric77
    Seatrium Ltd's price-to-book (P/B) ratio isn't explicitly stated, but we can look at its current market price and intrinsic value to gauge its fairness. The company's current market price is SGD 2.07, while its intrinsic value is estimated to be SGD 2.81, suggesting that Seatrium Ltd is *undervalued by 26%*.¹ This discrepancy indicates a potential buying opportunity for investors. To further evaluate Seatrium Ltd's fairness, let's consider its *valuation history*. The company's stock is trading at its lowest valuation over the past five years, with a very attractive valuation of +45% compared to its average valuation. In terms of *future outlook*, Wall Street analysts forecast Seatrium Ltd's stock price to rise over the next 12 months, with an average price target of SGD 2.74 and a potenti
    • BK99
      Can invest now and reap handsome returns at the end of FY25/26
    • BK99
      Seatrium P/B is stated as 1.11 in Tiger’s Analysis
    • BK99
      Buy Seatrium shares
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