That said, I see long-term value. With a S$18.6 billion order backlog and 34% tied to green projects, Seatrium is well-positioned for recovery. Citibank’s target price of S$2.65 adds to my confidence. I’m also watching Sembcorp for its clean energy focus & consistent track record.
In terms of oversold plays, I think $SIA(C6L.SI)$ looks interesting. Despite a solid recovery in travel and strong passenger load factors, the stock has been under pressure lately. With travel demand still high and cargo improving, I believe the dip could be a buying opportunity.
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