Seatrium - OCBC Investment 2024-08-02: Return To Profit

Seatrium - Return To Profit

Published:
Seatrium (SGX:5E2) | SGinvestors.ioSeatrium (SGX:5E2)
  • Seatrium (SGX:5E2) returned to black with 1H24 net profit coming in at S$36m, on the back of strong project execution and improving margins.

Seatrium’s 1H24 results beat our expectations

  • - Read this at SGinvestors.io -
  • 1H24 EBITDA was up more than 8 times y-o-y at S$311m, while underlying EBITDA, which excludes the MH Wirth provision, came in at S$390m. This represents an improvement in underlying EBITDA margin from 8.6% in FY23 to ~9.8% in 1H24.
  • - Read this at SGinvestors.io -
  • Seatrium’s 1H24 revenue and net profit constituted 51.5% and 54.2% of our initial full year forecast, respectively.

Steady cadence of repair & upgrade contract wins

  • 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/ 2024-08-02



Read also OCBC's most recent report:
2024-11-12 Seatrium - Return To Profit.

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 Dividends & Corporate Actions,
Seatrium News Articles





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