Seatrium Investor Day 2024 - OCBC Investment 2024-03-18: Diversified, Resilient & Profitable

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

Seatrium Investor Day 2024 - Diversified, Resilient & Profitable

Published:
Seatrium (SGX:S51) | SGinvestors.ioSeatrium (SGX:S51)
  • Seatrium (SGX:S51) hosted its inaugural Investor Day on 15 Mar 2024, where it shared its FY28 targets.

FY28 targets are reasonable and achievable, in our view

1) Revenue of S$10-12b (FY23: S$7.3b).

  • - Read this at SGinvestors.io -
  • Seatrium is also looking to improve contract terms with better risk sharing and progressive milestone payments.

2) EBITDA of at least S$1b (FY23 underlying EBITDA: S$628m).

  • Majority of its legacy projects are likely to be delivered by FY24, and management is targeting new projects to meet a minimum internal hurdle rate of mid-teens gross margin.
  • - Read this at SGinvestors.io -
  • There is an additional S$200m of potential procurement savings as well from improved supply chain management and better procurement efficiency.

3) ROE of at least 8%.

4) Net debt/EBITDA of 2-3x.

  • Read more at SGinvestors.io.




Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.




Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2024-03-18



Read also OCBC's most recent report:
2024-04-01 Seatrium - Leaving The Past Behind.

Price targets by 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





Advertisement

You May Also Like




SGX Stock / REIT Search

Advertisement

Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁

Advertisement