Seatrium's Order Outlook for 2024 Seems Bullish -- Market Talk

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Seatrium's Order Outlook for 2024 Seems Bullish -- Market Talk

Dow Jones02-29

0304 GMT - Seatrium's order outlook for 2024 seems bullish, UOB Kay Hian analyst Adrian Loh says in a research note as the brokerage maintains the stock's buy rating. With commercial talks underway for Petrobras' two floating production storage and offloading vessels, the Singapore-listed integrated shipyard is still in the running to garner at least one or possibly both orders, the analyst says. However, the brokerage lowers its net profit estimates for Seatrium by 8% for 2024 and 6% for 2025 to reflect its lower gross-profit-margin and higher interest-cost assumptions. It also trims the target price to S$0.151 from S$0.190. Shares are 1.15% higher at S$0.088. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 28, 2024 22:04 ET (03:04 GMT)

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小辉goPro
·02-29
Don't try it alone [LOL]
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