- In our stock universe, we highlight that Seatrium has shipyard assets in the US and thus could see better-than-expected order wins given the pro-America sentiment in the US at present.
Positive industry dynamics with Trump presidency.
- - Read this at SGinvestors.io -
- 2024 proved to be a strong year for jack-ups and drillships as both saw continued increases in day rates and utilisation rates. Looking ahead, we take comfort from the fact that Brent oil for delivery in Dec 31 is above US$68/bbl, and thus oil companies will likely continue to green light offshore production projects.
- - Read this at SGinvestors.io -
Anaemic capacity growth in the O&M fleet should push rates higher.
- 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/ 2025-02-03
More views on outlook of offshore & marine sector:
Analyst Reports on Singapore Offshore & Marine Sector
