- Seatrium’s inaugural Investor Day held few surprises with the 2028 EBITDA target of at least S$1b being the key metric that the market will focus on. In our view, this should be eminently achievable with the renewables and repairs & upgrades segments being the key drivers.
- - Read this at SGinvestors.io -
Seatrium's inaugural Investor Day
- Seatrium (SGX:S51) held its inaugural Investor Day last week after an extensive strategic review in the aftermath of 2023’s merger with Keppel Offshore Marine.
- During the event, Seatrium’s CEO, CFO and four heads of its key business segments (namely oil & gas, offshore wind, repairs & upgrades, and carbon capture and storage & new energies), presented on the market outlook and strategies to continue profitable growth.
Some targets for 2028.
- - Read this at SGinvestors.io -
- We highlight that our 2028 revenue, EBITDA and ROE forecasts are more conservative than Seatrium’s. In addition, we note that having achieved underlying EBITDA of S$628m in 2023, it would appear that Seatrium’s target of at least S$1b is an attainable goal.
What does that mean for order wins?
- Read more at SGinvestors.io.
