Seatrium's Stock Could Be Weighed by Legacy Contract Legal Cases -- Market Talk

Dow Jones

Feb 10

0827 GMT - Concerns about lingering legal disputes tied to old contracts could cap upside in Seatrium's stock, Citi analyst Luis Hilado says in a note. Citi flags the risk after the offshore-and-marine company said it has begun arbitration against a Petrobras subsidiary over a 2004 contract. While Seatrium says current relations and projects with Petrobras, a major customer, are unaffected, Hilado notes Seatrium has had some legacy cases surfacing over the past two quarters. This could spur investors' concerns that further similar cases could arise, according to the analyst. Citi maintains its buy rating and S$2.65 target price. Shares are flat at S$2.09. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 10, 2026 03:27 ET (08:27 GMT)

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Citi flags the risk after the offshore-and-marine company said it has begun arbitration against a <a href=\"https://laohu8.com/S/PBR\">Petrobras</a> subsidiary over a 2004 contract. While Seatrium says current relations and projects with Petrobras, a major customer, are unaffected, Hilado notes Seatrium has had some legacy cases surfacing over the past two quarters. This could spur investors' concerns that further similar cases could arise, according to the analyst. Citi maintains its buy rating and S$2.65 target price. Shares are flat at S$2.09. 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Citi flags the risk after the offshore-and-marine company said it has begun arbitration against a <a href=\"https://laohu8.com/S/PBR\">Petrobras</a> subsidiary over a 2004 contract. While Seatrium says current relations and projects with Petrobras, a major customer, are unaffected, Hilado notes Seatrium has had some legacy cases surfacing over the past two quarters. This could spur investors' concerns that further similar cases could arise, according to the analyst. Citi maintains its buy rating and S$2.65 target price. Shares are flat at S$2.09. 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Citi flags the risk after the offshore-and-marine company said it has begun arbitration against a Petrobras subsidiary over a 2004 contract. While Seatrium says current relations and projects with Petrobras, a major customer, are unaffected, Hilado notes Seatrium has had some legacy cases surfacing over the past two quarters. This could spur investors' concerns that further similar cases could arise, according to the analyst. Citi maintains its buy rating and S$2.65 target price. Shares are flat at S$2.09. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","BK6065":"建筑机械与重型卡车","5E2.SI":"海庭"},"translate_title":"Seatrium的股票可能会受到遗留合同法律案件的影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5E2.SI":1.96},"content_text":"0827 GMT - Concerns about lingering legal disputes tied to old contracts could cap upside in Seatrium's stock, Citi analyst Luis Hilado says in a note. Citi flags the risk after the offshore-and-marine company said it has begun arbitration against a Petrobras subsidiary over a 2004 contract. While Seatrium says current relations and projects with Petrobras, a major customer, are unaffected, Hilado notes Seatrium has had some legacy cases surfacing over the past two quarters. This could spur investors' concerns that further similar cases could arise, according to the analyst. Citi maintains its buy rating and S$2.65 target price. Shares are flat at S$2.09. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 10, 2026 03:27 ET (08:27 GMT)\n\n\n  Copyright (c) 2026 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"}}}