Hot stock: Seatrium up as much as 9.3% after H1 profit guidance
The offshore and marine specialist expects a net profit for the first half of its financial year
SHARES of Seatrium surged on Monday (Jul 29) in early trade, following the offshore and marine specialist’s profit guidance, which was announced before the market opened.
As at 9.49 am, the counter surged 9.3 per cent or S$0.14 to S$1.64. The last time it traded at this price was in April 2024.
Seatrium shares later eased to S$1.63, up 8.7 per cent or S$0.13 as at 10.01 am. The counter was the most heavily traded by volume at the time, with about 51 million securities transacted.
TRENDING NOW
Simba admits exceeding spectrum limits amid failed M1 deal; parent company Tuas’ full-year profit surges 277%
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Ex-execs of CW Group, Allied Tech charged with offences linked to lawyer’s S$76 million misappropriation
Singapore to prioritise high-value AI infrastructure as Asean markets play to their strengths: Tan Kiat How
