O&M Stocks Soaring: Ride the Wave | The Investing Iguana π¦
π© In this insightful video, Iggy the Investing Iguana delves into the exciting world of offshore and marine (O&M) stocks, specifically focusing on the impressive performance of Seatrium and Yangzijiang Shipbuilding. These companies have been making waves with their massive contract wins, and Iggy breaks down the details in an easy-to-understand manner. $Seatrium Ltd(5E2.SI)$ $YZJ Shipbldg SGD(BS6.SI)$
Seatrium, a global engineering solutions provider, has secured a staggering $11.4 billion in new orders year-to-date, exceeding analysts' expectations. Iggy explores Seatrium's net order book of $25.8 billion for the first quarter of 2024, with deliveries scheduled until 2030, providing a steady stream of income.
The video also highlights the game-changing $11 billion contract from Petrobras to build two floating production storage and offloading (FPSO) vessels, prompting analysts to raise their target prices for Seatrium.
Iggy also discusses Seatrium's focus on cleaner technologies, including efficient power generation and greener solutions, aligning with the global push towards sustainability.
Shifting the spotlight to Yangzijiang Shipbuilding, Iggy explores the company's record order book of US$16.08 billion, with new orders totaling US$3.32 billion year-to-date. The video examines the healthy demand for gas carriers and the potential for margin improvements.
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