---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000809361.md"
description: "My investment thesis for Seatrium remains constructive, but I am mindful of the risks. Large engineering projects can face delays, cost overruns, and margin pressure, while demand for new energy infrastructure may not develop as quickly as expected. The company also needs to consistently convert its growing order book into profitable earnings and strong cash flow."
datetime: "2026-07-22T01:22:32.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000809361.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000809361.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000809361.md)
author: "[melph](https://longbridge.com/en/profiles/20208463.md)"
generator: "portal-rs"
---

# My investment thesis for Seatrium remains construc…


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## Comments (4)

- **Fattycat · 2026-07-22T13:12:56.000Z**: I don’t like seatrium . It remind me Sembcorp marine . Loss so much money on this counter 😔.
- **applepie · 2026-07-22T04:18:10.000Z · 👍 1**: order book looks great on paper but conversion to margin is exactly where seatrium tripped before, thats the line id want confirmed next results.
  - **melph** (2026-07-22T07:42:08.000Z): Agree, the key is seeing stronger margins and cash flow, proving the order book is translating into profitable execution
  - **Jason88888** (2026-07-22T08:45:36.000Z): The legacy projects, which fetch low margins, are completing soon. We should see better margin moving forward. Bright future ahead. Best if it wins big orders


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**