Seatrium - UOB Kay Hian 2024-05-29: Wind In Its Sails

Seatrium - Wind In Its Sails

Seatrium (SGX:5E2) | SGinvestors.ioSeatrium (SGX:5E2)
  • Seatrium provided a 1Q24 business update that was qualitative in nature and continues to strongly underline its exposure to large-scale offshore projects globally. These include both production of oil & gas as well as offshore wind power.
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Wind in its sails.

  • Seatrium (SGX:5E2) provided a business update that did not disclose any revenue or profit figures; however, the highlight was clearly around the two Floating Production Storage and Offloanding (FPSO) vessel construction contracts that Seatrium won from Petrobras worth S$11b. Year-to-date Seatrium has won S$11.4b worth of projects.
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Larger-than-expected contract value from Petrobras.

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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 @

Adrian LOH UOB Kay Hian Research | 2024-05-29

Price targets by 2 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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