Seatrium

Keppel unloads more Seatrium shares; Hongkong Land continues buybacks - THE EDGE SINGAPORE

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.
Keppel disposes of 50 mil Seatrium shares at 14.52 cents each - THE EDGE SINGAPORE

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.
 Analysts mostly positive on Seatrium despite $264 mil loss in 1HFY2023 - THE EDGE SINGAPORE

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.
Seatrium reports $264.4 mil loss for first-ever 1HFY2023 results since combination - THE EDGE SINGAPORE

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.
UOB Kay Hian keeps ‘overweight’ call on offshore & marine sector, Seatrium and Yangzijiang sector picks - THE EDGE SINGAPORE

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.

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

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.

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
Brazil’s Petrobras seeks to replenish oil reserves amid opposition - THE EDGE SINGAPORE

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.
Seatrium makes share buyback debut; JEP chairman Luong raises stake - THE EDGE SINGAPORE

Insider moves

Seatrium makes share buyback debut; JEP chairman Luong raises stake

JEP says that its longer-term prospects remain strong
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