$Seatrium(5E2.SG)

Context:

I’ve been looking at Seatrium because the offshore & marine sector seems to be recovering, with demand for energy infrastructure and offshore projects picking up. After years of restructuring, I think the company has a more interesting setup now.

My trade:

I decided to buy Seatrium because I’m betting on the recovery story and potential improvement in its order book and profitability. It’s definitely a higher-risk position, so I’m treating it more as a growth/recovery play rather than a defensive stock.

Takeaway:

This one is more speculative compared with some of my other holdings. The turnaround still needs to play out, but if Seatrium executes well and the offshore cycle stays strong, I think there could be decent upside from here. 📈