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

• 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.
• - Read this at SGinvestors.io -

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.
• - Read this at SGinvestors.io -

Larger-than-expected contract value from Petrobras.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-11-14 Seatrium - Sailing To Higher Margins But New Order Wins The Key.

Previous report by UOB:
2025-08-28 Seatrium - Arbitration Afoot But Strengthens Orderbook With New Projects.

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 Dividend Payout Dates & Corporate Actions,
Seatrium News