0959 GMT - Despite short-term uncertainty stemming from the global oil price and trade environment for Seatrium, Citi's Luis Hilado is more positive on the offshore and marine player's margins and future order wins over the longer term. He expects the company to complete its lower-margin orders--contracted before the merger of Keppel Offshore and Marine and Sembcorp Marine--this year, thus reducing the drag on overall margins. "This paves the way for the mid-teens margin, post-merger order wins to build earnings momentum." Seatrium's 1H results due August could provide partial relief to the overhang on its share price, he adds. The bank maintains a buy call on the stock with a S$2.65 target. Shares closed flat at S$2.02. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 26, 2025 05:59 ET (09:59 GMT)
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