0535 GMT - Seatrium is poised for a better 2026 after the removal of a legal overhang, says Citi analyst Luis Hilado in a note. Seatrium reached an agreement to resolve a recent arbitration case for a vessel contract involving a Maersk affiliate. The Singapore offshore and marine company said it will extend a US$250 million credit facility to the Maersk affiliate, with the loan to be repaid with cash flow generated by the vessel, Hilado notes. The analyst expects the resolution of the case to ease concerns about Seatrium being exposed to the operational performance of the vessel. This, along with Seatrium's order-win momentum, is likely to boost its financial performance next year, he adds. Citi retains its buy rating and S$2.65 target price on the shares, which rise 3.4% to S$2.14. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
December 22, 2025 00:35 ET (05:35 GMT)
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