Seatrium Ltd surged 3.29% during Monday's intraday trading session, as investors reacted positively to the company's upbeat profit guidance released last Friday.
The offshore and marine group announced on Friday that it expects to record a material year-on-year improvement in net profit for the first half of FY2026, driven by divestment gains and progressive margin improvements. The company had previously reported a net profit of S$179.3 million for the second half of 2025, representing a 48.3% increase year on year.
Seatrium is scheduled to release its H1 FY2026 financial results on July 31, which will provide further details on the company's performance. The stock had closed at S$2.13 on Friday, down 1.4%, prior to the release of the profit guidance.