Contract WinsAugust has been a successful month for Seatrium with over S$300m of contracts won for powerships, FSRUs, and an FLNG vessel.
Order PipelineSTM has a robust potential order pipeline of S$30bn, with significant opportunities in oil & gas and offshore wind projects.
Profit RecoveryAnalyst reiterates an 'Add' recommendation on STM due to its path to profit recovery and growth backed by execution of higher-margin orders.