Seatrium - UOB Kay Hian 2025-08-28: Arbitration Afoot But Strengthens Orderbook With New Projects

• Seatrium faces arbitration from Keppel over a S$68.4m claim tied to Brazil’s Operation Car Wash, after reversing an earlier S$82.4m provision when its indemnity expired in Feb 25.
• - Read this at SGinvestors.io -

Dispute between two Temasek-linked companies.

• On 26 August, Seatrium announced that Keppel has launched arbitration proceedings against it for S$68.4m (US$53.3m), tied to Brazil’s Operation Car Wash.
• - Read this at SGinvestors.io -
• While Seatrium had announced in-principle settlement agreements with the Brazilian authorities on 26 Feb 24, no firm and signed agreements had occurred at that point in time. These agreements would only be completed and signed in Jul 25 and thus Seatrium’s view is that its obligation had expired at that point in time.

Provisions made but reversed.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2026-02-27 Seatrium - Margin Inflection Drives A Step Change In 2025 Earnings.

Previous report by UOB:
2025-11-14 Seatrium - Sailing To Higher Margins But New Order Wins The Key.

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