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The latest update is out from Seatrium Limited ( (SG:5E2) ).
Seatrium Limited is intensifying its asset portfolio optimisation strategy by divesting non-core assets to streamline operations and strengthen its cost structure. The group operates a network of shipyards and engineering facilities and is shifting toward a leaner, more focused asset base to bolster long-term competitiveness and value creation.
The company expects to achieve more than S$50 million in annualised operational cost savings by early 2026 through recent and planned divestments, including the sale of its AmFELS yard in Texas, GNL platform supply vessels, a fleet of 17 tugboats in Singapore for S$104 million, and the Can-Do 2 floating dock for about S$16.9 million. Seatrium is also moving towage needs to an outsourced model via a towage services agreement with KST Maritime, aiming to secure continuity of services while realising long-term cost efficiencies and freeing management to focus on core businesses.
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 Singapore-based engineering and marine group operating shipyards, engineering and technology centres, and related facilities worldwide. The company focuses on offshore and marine engineering solutions and aims to maintain a streamlined global footprint to enhance agility and competitiveness in its core markets.
Average Trading Volume: 9,744,911
Technical Sentiment Signal: Hold
Current Market Cap: S$7.15B
See more data about 5E2 stock on TipRanks’ Stock Analysis page.