Seatrium Limited: Buy Rating Affirmed on Strong Contract Wins and Strategic Growth Initiatives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 25 2024
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Source: Business Insider
Analyst Rating: Wall Street analyst Pei Hwa Ho from DBS has reiterated a Buy rating for Seatrium Limited with a price target of S$3.00, citing a secured contract with BP valued over SGD1 billion and the potential closure of an investigation as key factors for optimism.
Company Growth Potential: Seatrium's strategic position in offshore engineering, enhanced by its merger with Keppel Offshore & Marine, along with its focus on clean energy solutions and a robust order backlog, positions the company well for future growth and profitability by 2028.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
