TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Seatrium Limited ( (SG:5E2) ) has issued an announcement.
Seatrium Limited announced an update regarding a litigation involving one of its majority-owned joint ventures. The Singapore Court has dismissed an appeal to restrain payment under a USD 126.6 million standby letter of credit, allowing the customer to receive payment. Seatrium plans to continue arbitration to resolve the dispute and recover the payment. Provisions for the full amount have already been made, and the company does not anticipate any negative impact on its financial metrics for the year ending December 2025.
The most recent analyst rating on (SG:5E2) stock is a Buy with a S$2.96 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 company operating in the engineering industry, primarily focusing on joint ventures and rig contracts. The company is involved in complex contractual agreements and has a market focus on providing engineering solutions.
Average Trading Volume: 10,705,152
Technical Sentiment Signal: Buy
Current Market Cap: S$8.02B
For detailed information about 5E2 stock, go to TipRanks’ Stock Analysis page.