Seatrium's valuation and its share buyback program, which could help limit further volatility risk, drive Citi Research to upgrade the stock to buy from neutral while maintaining its target price of S$2.65.
After the integrated shipyard's recent share-price correction, the stock is now trading at attractive levels, analyst Luis Hilado says in a note.
A significant portion of Seatrium's approved S$100 million share buyback program remains in place, he adds.
There is a possibility that the company may conduct further buybacks and its share purchase mandate could be renewed again at the upcoming annual general meeting, he says.
Shares are last at S$2.14.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。