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Seatrium
Broker's Calls
Brokers’ Digest: Mermaid Maritime, YZJ, MLT, Seatrium, Valuetronics, Singtel, Yoma Strategic, Raffles Medical, MPACT
See what the analysts have to say this week.
July 04, 2024
Broker's Calls
New probe overshadowing Seatrium's good news, UOBKH lowers TP to $2.35
The analyst was surprised by the revelation of yet another investigation by the Singapore authorities.
June 28, 2024
Broker's Calls
Brokers’ Digest: Sea, ST Engineering, MINT, KIT, Kim Heng, Grab, DHLT, Seatrium
See what the analysts have to say this week.
June 20, 2024
Offshore & Marine
Seatrium says asset-holding company to pay US$57 mil to Awilco as part of settlement for B379 newbuild contract
Rigco will also pay for the legal fees and costs incurred by Seatrium New Energy relating to the arbitrations for AR1 and AR2.
June 20, 2024
Insider moves
Seatrium buys back 1.24 million shares as share price drops by nearly 10%
Seatrium is under probe by CAD and MAS in connection to potential breaches under Securities and Futures Act
June 18, 2024
M&A
Mooreast acquires facility from Seatrium for $13.5 mil
Mooreast acquires from Seatrium a shipyard facility for $13.5 mil.
June 18, 2024
Broker's Calls
Citi cuts Seatrium’s adjusted profit forecasts, lowers TP to $1.96 after new investigations into Operation Car Wash
DBS Group Research expects shares in Seatrium to react negatively to the news; sees near-term support at $1.58.
June 18, 2024
Company in the news
MAS and CAD probing Seatrium under SFA over Operation Car Wash
ACG had earlier agreed to a DPA with Seatrium
June 15, 2024
Company in the news
Seatrium’s non-executive independent director resigns
Lai Chung Han will step down as he will be the permanent secretary (development) at the Ministry of Finance from July 1 onwards.
June 10, 2024
Contracts
Seatrium and GE Vernova consortium awarded third contract to build HVDC system for TenneT
The project is slated to begin in June. Commissioning is expected to take place in 2031.
June 10, 2024