Seatrium Could Gain Investor Interest as Projects Roll Out -- Market Talk

Dow Jones
2025/07/01

0338 GMT - Singapore offshore and marine player Seatrium could pique investors' interest as its projects get underway, says CGS International's Lim Siew Khee in a note. She expects the group to post stronger profit of about S$153 million in 1H, assuming no major exceptionals or forex pressure. The group's first major oil and gas vessel for Petrobras should deliver gross margins of 9%-10% in 2H. The O&M player is building five more vessels with more projects up for tender. She reckons the large-cap Seatrium may be popular in portfolios as a non-indexed pick. The brokerage maintains its add call and S$2.80 target price. Shares are 1.5% higher at S$2.04. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

June 30, 2025 23:38 ET (03:38 GMT)

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