$Seatrium(5E2.SG)

Seatrium has been one of the more interesting stocks in my SG portfolio because it is not just a short-term price move, but a turnaround story.

The company is exposed to offshore, marine and energy infrastructure projects, and the market seems to be paying more attention as execution improves and its order book becomes a bigger part of the investment case. I like that the stock gives exposure to a sector that can benefit from long-term energy and infrastructure demand.

That said, I’m still cautious. Project execution, margins, debt and overall market sentiment can affect the share price quickly. Since the stock has already moved above my average cost, I’m watching whether it can continue holding above my entry and whether future updates show stronger execution, not just better sentiment.

My main lesson from this trade is that a recovery story can be rewarding, but it still needs discipline. A green P/L is nice, but protecting gains and managing position size matter too.