Order wins and margins lift to drive rerating
- Seatrium is pursuing a more than S$32b order pipeline and we expect order wins of S$10–11b pa over 2026–28 vs ~S$4b in 2025. Margins are on an upcycle, with gross margins improving to 7% (vs 3% in FY24) and potential to trend towards mid-teens project margins.
- - Read this at SGinvestors.io -
Energy security & diversification fuels order upcycle
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Hussaini Saifee Maybank Research | https://www.maybanktrade.com.sg/ 2026-03-27
Read also Maybank's most recent report:
2026-08-03 Seatrium - The Debate Shifts To Order Wins.
Previous report by Maybank:
2026-06-01 Seatrium - Waiting For Next Order Wave.
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
