Seatrium - UOB Kay Hian 2023-09-11: Positive Vibes From A Tour Of An FLNG Vessel

Seatrium has changed its code to Seatrium (SGX:5E2) w.e.f. 2024-05-07 due to share consolidation.

Seatrium - Positive Vibes From A Tour Of An FLNG Vessel

Published:
Seatrium (SGX:S51) | SGinvestors.ioSeatrium (SGX:S51)
  • Our recent tour to Seatrium and Golar’s floating liquefied natural gas (FLNG) project showed that there continues to be a high level of interest in such vessels from an energy supply and financing standpoint. The imminent completion of this complex vessel underscores Seatrium’s ability to safely and successfully deliver a quality project, which is key to maintaining its competitive edge in winning new orders.
  • - Read this at SGinvestors.io -

Another quality project will be safely delivered.

  • We recently had the fortune to visit Golar LNG’s newest floating liquefied natural gas (FLNG) vessel Golar Gimi at Seatrium (SGX:S51)’s (formerly Keppel’s) Benoi yard. The vessel was previously an LNG carrier but through extensive works carried out here in Singapore, it has now been converted into a four-train FLNG vessel capable of processing 2.7mtpa.
  • - Read this at SGinvestors.io -
  • industry participants viewing the LNG landscape as being the key growth area in energy in the next decade;
  • Seatrium’s very clear emphasis on safety, which we believe adds to the company’s overall appeal as a constructor of choice for its multinational clients – the Gimi project completed 37mil man hours of work with no lost-time incidents (or >4,200 years of work); and
  • immense complexity of the project which involved the addition of 1,500km of new cables and 44,000 tonnes of steel to the original LNG vessel.

Other background information on Gimi.

  • Read more at SGinvestors.io.




Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.




Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-09-11



Read also UOB's most recent report:
2024-03-18 Seatrium - No Surprises At Its Inaugural Investor Day.

Previous report by UOB:
2024-02-28 Seatrium - 2023 Underying EBITDA & Profit Are Encouraging.

Price targets by 3 other brokers at Seatrium Target Prices.

Listing of research reports at Seatrium Analyst Reports.

Relevant links:
Seatrium Share Price History,
Seatrium Announcements,
Seatrium Dividends & Corporate Actions,
Seatrium News Articles





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