- 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.
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/ 2024-03-18
Previous report by UOB:
2024-02-28 Seatrium - 2023 Underying EBITDA & Profit Are Encouraging.
Price targets by 4 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
