- 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 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/ 2024-05-29
Read also UOB's most recent report:
2025-01-03 Seatrium - Positive Developments In 4Q24 Close Out The Year.
Previous report by UOB:
2024-11-12 Seatrium - Keep On Keeping On.
Price targets by 3 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
