Seatrium - DBS Research 2025-01-27: Starts The New Year With A Bang!

• Awarded Heavy Lift vessel contract by Penta-Ocean Construction for Japan Offshore market, which we estimate to worth S$600-700mil.
• Near term catalysts – earnings delivery, conclusion of MAS/CAD investigation, and robust order wins.
• Watch for FY24 results due on 21 Feb.

Secured order for a Heavy Lift Vessel.

• - Read this at SGinvestors.io -
• POC is Japan’s leading marine contractor who owns a range of self-propelling trailing suction hopper and cutter suction dredgers, for marine construction works, as well as two turbine installation vessels equipped with a 800-ton and a 1,600-ton lifting capacity crane respectively. POC also has a presence in Singapore, being the main contractor in various marine & land civil engineering, and building projects.
• - Read this at SGinvestors.io -

Optimistic on offshore wind market

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-02-24 Seatrium - Slowly But Surely.

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