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Seatrium
Insider moves
Keppel unloads more Seatrium shares; Hongkong Land continues buybacks
Keppel has reduced its stake in Seatrium on several occasions after Seatrium was merged with Keppel O&M on Feb 28.
August 03, 2023
Insider moves
Keppel disposes of 50 mil Seatrium shares at 14.52 cents each
After the latest transaction, Keppel has an interest in 2.1496% of the shares in Seatrium.
August 02, 2023
Broker's Calls
Analysts mostly positive on Seatrium despite $264 mil loss in 1HFY2023
CGS-CIMB, OCBC and DBS have maintained their “add” and “buy” calls, while Citi is keeping “sell” on Seatrium.
August 01, 2023
Results
Seatrium reports $264.4 mil loss for first-ever 1HFY2023 results since combination
However, the group achieved a positive ebitda of $27 million for the 1HFY2023.
July 28, 2023
Offshore & Marine
UOB Kay Hian keeps ‘overweight’ call on offshore & marine sector, Seatrium and Yangzijiang sector picks
UOB Kay Hian's Adrian Loh has given Seatrium and YZJ both "buy" calls with respective TPs of 17 cents and $1.65.
July 13, 2023
Right Timing
Rising tide lifts offshore plays, banks bounce back
Seatrium price rises ahead of Petrobras mega project award; banks bounce back but could stay volatile
July 13, 2023
Offshore & Marine
Seatrium secures $1.04 bil green trade finance facility from OCBC
The facility is one of the largest syndicated financing solutions issued by a single bank for the maritime industry.
July 12, 2023
Broker's Calls
CGS-CIMB maintains 'add' call on Seatrium ahead of 1HFY2023 earnings, flags contract win in Brazil
Seatrium, which has already built up an order book of more than $20 billion, might secure another $7 billion in the coming FY2024
July 11, 2023
Oil & Gas
Brazil’s Petrobras seeks to replenish oil reserves amid opposition
Seatrium is a customer of Petrobras, with billions of dollars in contracts secured.
June 21, 2023
Insider moves
Seatrium makes share buyback debut; JEP chairman Luong raises stake
JEP says that its longer-term prospects remain strong
June 15, 2023