0327 GMT - Seatrium's 2028 Ebitda target of S$1 billion looks achievable, UOB Kay Hian analyst Adrian Loh says in a research note. The stock remains a key beneficiary from the lack of offshore oil-and-gas spending in the past decade, and should also benefit from its renewables exposure, Loh says. Seatrium at its inaugural investor day said it sees a S$500 billion opportunity from the world's "energy trilemma" of needing secure, affordable and sustainable energy, Loh notes. This would include S$150 billion of floating-production-storage-and-offloading capital expenditures, Loh adds. UOB KH maintains its buy rating on the stock with a target price of S$0.151. Shares are 2.5% higher at S$0.08. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
March 19, 2024 23:27 ET (03:27 GMT)
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