- Seatrium (SGX:5E2)’s business activity did not flag in 4Q24 with a notable contract win for a floating production unit for the Gulf of Mexico as well as the delivery of a fifth jack-up rig to Borr Drilling.
- - Read this at SGinvestors.io -
- Key near-term catalysts to Seatrium's share price are the conclusion of the MAS/CAD investigation, and the completion of two low-margin contracts in the US.
An offshore production platform win.
- In late-Dec 24, Seatrium announced that it had successfully converted a Letter of Intent to a firm contract for the engineering, procurement, construction and commissioning (EPCC) for BP’s Kaskida project in the Gulf of Mexico (GoM) which we estimate to be worth S$500m-600m.
- - Read this at SGinvestors.io -
Strong contender for two more follow-on projects.
- 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/ 2025-01-03
Previous report by UOB:
2024-11-12 Seatrium - Keep On Keeping On.
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
