By doing so, Seatrium is seen to have finally put to rest a multi-year overhang on its share price, even as it grapples with the industry cycles.
OCBC Investment Research's Ada Lim has kept her "buy" call on Seatrium after the company said it is finalising a deferred prosecution agreement (DPA) with Singapore authorities by paying $76.5 million.
The money is to settle a long-running bribery case in Brazil, better known as "Operation Car Wash", involving Sembcorp Marine (SGX:S51
) before it merged with Keppel's offshore and marine unit.
