Shares & Derivatives
Seatrium’s shares bounces with S$11 billion order. Is it poised for a recovery?
By Beansprout  •  May 28, 2024
Seatrium's shares surged after the company secured a S$11 billion order from Petrobras. we find out if the company's prospects are improving. What happened? Seatrium’s share price has been very volatile in recent weeks. The shares surged following the completion of the share consolidation earlier this month. Thereafter, the shares fell sharply on the announcement that Seatrium will be excluded from the MSCI Singapore index.  Earlier this week, Seatrium’s share surged on news that it has secured a S$11 billion order from Petrobras. Seatrium recently provided its first quarter business update. Let us dive deeper to find out more about the fundamentals of Seatrium. What you need to know about Seatrium’s first quarter business update Seatrium provided business update for 1Q24. No financial details were revealed.
  • Orderbook grew to S$25.8 billion mainly driven by contract win of 2 FPSO platforms from Petrobras
  • Delivered an LNG bunker vessel and completed 67 repairs and upgrades projects
  • Divested the yard in the Philippines
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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