For subscribers
Seatrium share consolidation: Good for investors and bad for punters, say brokers
Sign up now: Get ST's newsletters delivered to your inbox
Seatrium said the share consolidation exercise is being done to increase market interest in, and the attractiveness of, its stock. The exercise is subject to shareholder approval at its annual general meeting.
ST PHOTO: GAVIN FOO
Follow topic:
SINGAPORE – Seatrium’s decision to undertake a share consolidation will not have a fundamental impact on the stock, but will discourage speculative activity on the counter.
This seems to be the view among brokers and analysts after the company announced a 20:1 share consolidation exercise on Feb 26 as it unveiled its full-year earnings for 2023.
