Are you looking for a Seatrium Stock price prediction?

In this article, we will look at the future of the Singapore company and reveal why expert Hedge Fund Manager Chris MacIntosh believes its price is set to increase.

What is Seatrium stock?

Seatrium Limited, bearing the Singapore Exchange (SGX) ticker symbol S51, is a company incorporated in Singapore. It debuted on the Singapore Exchange following the 2023 merger of prominent Singaporean offshore and marine entities Sembcorp Marine and Keppel Offshore & Marine.

Up until 2020, Sembcorp Marine functioned as a subsidiary of Sembcorp, but a demerger was implemented due to Sembcorp Marine’s unsatisfactory financial results. Over the last decade, the company witnessed a persistent decline in its Stock value, which dropped from SG$4.66 in 2013 to a mere SG$0.13 in 2023.

This downturn led to Sembcorp Marine being recognized as one of the least successful performers on the Singapore Exchange. However, observers believe the Seatrium price may have bottomed and is now poised for explosive growth.

The company offers a diverse range of products and services, including but not limited to rigs & floaters, repairs & upgrades, offshore platforms, and specialised shipbuilding.

It operates on a global scale, with shipyards located in Singapore, Indonesia, the United Kingdom, and Brazil.

Chris MacIntosh’s view on Seatrium stock

Prominent hedge fund manager Chris MacIntosh says he has been following Seatrium closely and has mentioned the company to his subscribers on several occasions before.

“The old Sembcorp Marine and Keppel Marine combined to be one of the world’s biggest shipbuilders specialising in offshore rigs and structures,” he said.

“We are always drawn to trading range breakouts. The longer the trading range and the tighter that range the greater the duration and magnitude of the breakout. We have seen this happen time and time again. It is a ‘bread and butter’ trade for us.

“As we have said many times before, the waiting is the hardest part!”

Seatrium stock price prediction

Chris MacIntosh targets profits of at least 300% with his investments and believes the Seatrium stock is poised for major growth.

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