Most recently, on May 5, Seatrium announced it has won a $500 million contract to build two offshore wind farm substations from a JV between Equinor and BP.
DBS Group Research, in its May 8 note, has reiterated its ‘buy’ call and 14 cents target price on Seatrium (SGX:S51
) , ahead of its 1QFY2023 business update on May 12.
The company, previously called Sembcorp Marine, has built a growing order momentum in the renewable energy space that has hit $5.3 billion year to date, reaching a total of more than $22 billion thus far.
