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Seatrium Limited ( (SG:5E2) ) just unveiled an announcement.
Seatrium Limited, a Singapore-listed engineering group, provides specialised solutions and infrastructure for the offshore, marine and energy industries worldwide. Leveraging over six decades of expertise and a global yard and technology network, the company serves leading energy majors and transmission operators, with a portfolio spanning oil and gas, offshore wind and complex vessel construction.
The company has completed the divestment of its Crescent Yard in Singapore, part of a broader programme to shed non-core assets and streamline its cost base. Together with other recent disposals, the move is expected to generate more than S$50 million in annualised cost savings, potentially improving operational efficiency and margins while sharpening Seatrium’s focus on higher-value, core activities in the evolving energy market.
The most recent analyst rating on (SG:5E2) stock is a Buy with a S$3.00 price target. To see the full list of analyst forecasts on Seatrium Limited stock, see the SG:5E2 Stock Forecast page.
More about Seatrium Limited
Seatrium Limited is a Singapore-headquartered, SGX-listed provider of specialised engineering solutions for the global offshore, marine and energy sectors. With more than 60 years of experience, it operates across 15 countries through an integrated network of advanced yards and technology centres, supporting over 24,000 employees and serving major energy companies, asset owners and transmission system operators.
The group’s diversified business spans oil and gas newbuilds and conversions, offshore wind, and repair and upgrade services, with products including FPSOs, FPUs, offshore converter platforms and various offshore installation vessels. Positioned as a key player in the energy transition, Seatrium is investing in technologies such as carbon capture and storage and new energy solutions, underpinned by a focus on safety, innovation and sustainability to create long-term value for stakeholders.
Average Trading Volume: 13,327,001
Technical Sentiment Signal: Buy
Current Market Cap: S$7.82B
For an in-depth examination of 5E2 stock, go to TipRanks’ Overview page.