- Seatrium's share price jumped 10.9% on 13 Feb 2025 on news of a potential floating production unit (FPU) project with BP Exploration & Production Inc.
- The Trump administration’s focus on US energy dominance creates upside risks to Seatrium’s order book, in our view.
Seatrium announced yesterday the signing of a Memorandum of Understanding (MOU) with BP to build the Tiber FPU in the US Gulf Coast.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- In late-Jan 2025, Seatrium was also awarded a contract by Penta-Ocean Construction (POC) to carry out EPC work for a 5,000-ton fully revolving Heavy Lift Vessel project.
Upside risks to Seatrium’s order book
- 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/ 2025-02-14
Previous report by OCBC:
2024-11-12 Seatrium - Return To Profit.
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
