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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