Seatrium - OCBC Investment 2024-04-01: Leaving The Past Behind

Seatrium - Leaving The Past Behind

Published:
Seatrium (SGX:S51) | SGinvestors.ioSeatrium (SGX:S51)
  • Seatrium's announced on 28 Mar 2024 that it has entered into a deferred prosecution agreement (DPA) with Singapore’s Attorney-General’s Chambers (AGC) in relation to Operation Car Wash.

Putting an end to Operation Car Wash at last

  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -

Financial impact is minimal, in our view

  • Seatrium has adjusted its FY23 financial statements accordingly by recording a provision of S$76.5m. As a result, total loss for the year widens from S$1.95b to S$2.03b, representing earnings per share (EPS) of -S$0.0324 versus -S$0.0312 as previously announced. Overall net asset value (NAV) also shrinks by 1.2%.
  • Seatrium does not expect this event to have a material impact to its FY24 net earnings and net tangible asset per share.

Share price may continue to trade sideways

  • 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/ 2024-04-01



Previous report by OCBC:
2024-03-18 Seatrium Investor Day 2024 - Diversified, Resilient & Profitable.

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





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