Seatrium's Gross Margin Uptrend Could Persist on Some Catalysts -- Market Talk

Dow Jones

Aug 04

0133 GMT - Seatrium's gross margin uptrend is likely to persist on some catalysts, DBS Group Research's Pei Hwa Ho says, maintaining the stock's buy rating. Catalysts include execution of higher margin projects, cost rationalization, and efficiency gains, the analyst says. Also, the Singapore-listed company's legacy U.S. projects are nearing completion and scheduled for delivery by year-end, which should remove uncertainty for further provisions for onerous contracts, the analyst says in a research report. However, DBS lowers its 2025-2026 net profit forecasts for Seatrium by 16% to partly reflect lowered assumptions for associate/joint venture income and other income. DBS trims the stock's target to S$2.96 from S$3.00. Shares are 1.7% lower at S$2.26. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 03, 2025 21:33 ET (01:33 GMT)

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Catalysts include execution of higher margin projects, cost rationalization, and efficiency gains, the analyst says. Also, the Singapore-listed company's legacy U.S. projects are nearing completion and scheduled for delivery by year-end, which should remove uncertainty for further provisions for onerous contracts, the analyst says in a research report. However, DBS lowers its 2025-2026 net profit forecasts for Seatrium by 16% to partly reflect lowered assumptions for associate/joint venture income and other income. DBS trims the stock's target to S$2.96 from S$3.00. Shares are 1.7% lower at S$2.26. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 03, 2025 21:33 ET (01:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seatrium's Gross Margin Uptrend Could Persist on Some Catalysts -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeatrium's Gross Margin Uptrend Could Persist on Some Catalysts -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-08-04 09:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0133 GMT - <a href=\"https://laohu8.com/S/5E2.SI\">Seatrium</a>'s gross margin uptrend is likely to persist on some catalysts, <a href=\"https://laohu8.com/S/D05.SI\">DBS</a> Group Research's Pei Hwa Ho says, maintaining the stock's buy rating. Catalysts include execution of higher margin projects, cost rationalization, and efficiency gains, the analyst says. Also, the Singapore-listed company's legacy U.S. projects are nearing completion and scheduled for delivery by year-end, which should remove uncertainty for further provisions for onerous contracts, the analyst says in a research report. However, DBS lowers its 2025-2026 net profit forecasts for Seatrium by 16% to partly reflect lowered assumptions for associate/joint venture income and other income. DBS trims the stock's target to S$2.96 from S$3.00. Shares are 1.7% lower at S$2.26. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 03, 2025 21:33 ET (01:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0048573645.USD","symbol_name":"富达东盟基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2556752874","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556752874","pubTimestamp":1754271180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0133 GMT - Seatrium's gross margin uptrend is likely to persist on some catalysts, DBS Group Research's Pei Hwa Ho says, maintaining the stock's buy rating. Catalysts include execution of higher margin projects, cost rationalization, and efficiency gains, the analyst says. Also, the Singapore-listed company's legacy U.S. projects are nearing completion and scheduled for delivery by year-end, which should remove uncertainty for further provisions for onerous contracts, the analyst says in a research report. However, DBS lowers its 2025-2026 net profit forecasts for Seatrium by 16% to partly reflect lowered assumptions for associate/joint venture income and other income. DBS trims the stock's target to S$2.96 from S$3.00. Shares are 1.7% lower at S$2.26. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0048573645.USD":"富达东盟基金","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","RJAW.SI":"DBS MB ePW240902","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","LU0011963245.USD":"abrdn SICAV I ASIA PACIFIC SUSTAINAB  LE EQUITY \"A\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU0955623706.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","SG9999002406.SGD":"利安新加坡信托基金","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0955648018.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) INC MF","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","IE0031814969.USD":"FSSA ASEAN ALL CAP FUND \"I\" (USD) ACC","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","SG9999001127.SGD":"United Singapore Growth Fund SGD","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","BK6516":"银行与投资服务概念","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","5E2.SI":"海庭","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","BK6112":"综合性银行","LU0557290698.USD":"施罗德环球可持续增长基金","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0096374516.USD":"CT (LUX) I ASIA EQUITY INCOME \"DU\" (USD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0048597586.USD":"富达亚洲焦点A","LU0261947096.USD":"FIDELITY FUNDS  SUSTAINABLE ASIA EQUITY \"A\" (USD) ACC","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0192582467.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" (USD) INC MF","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD"},"translate_title":"Seatrium的毛利率上升趋势可能会在一些催化剂下持续下去——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5E2.SI":1,"RJAW.SI":0.9},"content_text":"0133 GMT - Seatrium's gross margin uptrend is likely to persist on some catalysts, DBS Group Research's Pei Hwa Ho says, maintaining the stock's buy rating. Catalysts include execution of higher margin projects, cost rationalization, and efficiency gains, the analyst says. Also, the Singapore-listed company's legacy U.S. projects are nearing completion and scheduled for delivery by year-end, which should remove uncertainty for further provisions for onerous contracts, the analyst says in a research report. However, DBS lowers its 2025-2026 net profit forecasts for Seatrium by 16% to partly reflect lowered assumptions for associate/joint venture income and other income. DBS trims the stock's target to S$2.96 from S$3.00. Shares are 1.7% lower at S$2.26. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 03, 2025 21:33 ET (01:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}