| Latest Forum Topics / Seatrium Ltd Last:2.03 -- |
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SEATRIUM LTD. - ROCKETING TO THE MOON BY 2028 !!!!
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Delvyss
Elite |
01-Mar-2026 08:01
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Strong oil demand is significantly benefiting Singapore-based Seatrium Limited, with FY2025 net profit doubling to S$323.6 million, driven by robust activity in the oil & gas and offshore wind segments. The company is capitalizing on high demand for FPSOs and other offshore units, backed by a strong order book of over S$32 billion. https://fortune.com/2026/02/26/seatrium-earnings-shares-oil-gas-wind-energy-boom/ |
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Ltinvestor
Member |
28-Feb-2026 10:31
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https://www.upstreamonline.com/field-development/seatrium-shaking-up-the-global-fpso-market/2-1-1949602
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Battle123
Elite |
27-Feb-2026 21:59
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wah great  one of batches stucked there for veri long time already
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PiRPiR
Master |
27-Feb-2026 20:04
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https://www.theedgesingapore.com/news/offshore-marine/seatrium-successfully-delivers-wtiv-maersk
Mainboard-listed Seatrium has successfully delivered a wind turbine installation vessel (WTIV) to Maersk Offshore Wind on Feb 26, following successful and timely completion of sea trial activities and final readiness evaluations at Seatrium?s flagship Tuas Boulevard Yard. The WTIV is the first-of-its-kind and is custom-engineered and built by Seatrium to install some of the world?s largest offshore wind turbines. Equipped with a 180-metre hook height, the crane supports the installation of 15+MW-class turbines. With a stabilising system to hold feeder vessels for the transfer of offshore wind components in high sea states, the WTIV enhances installation efficiency by extending the operational weather window, ensuring the WTIV can carry out uninterrupted installations, improving operational efficiency and reducing total cost and time of installation. According to Seatrium, the feeder-based installation solution is US Jones Act compliant and can also be deployed in other geographies. The WTIV is due to sail in March 2026 for its first assignment at the Empire Wind project offshore New York, where it will play a pivotal role in advancing the wind farm?s mission to deliver clean energy to 500,000 homes. Seatrium Energy executive vice president of marketing William Gu says, ?This state-of-the-art WTIV represents a major step forward in pushing the possibilities for global offshore wind. ?As the world scales renewable energy at unprecedented speed, we remain dedicated to delivering innovative, future ready solutions that drive the next generation of offshore wind development.? Seatrium adds that the project achieved zero lost time injuries, indicating its focus on workplace health and safety and disciplined project execution. In October 2025, Maersk cancelled the US$475 million contract for the WTIV. At that point in time, the vessel was nearly 99% completed. The dispute was successfully resolved in December 2025. Earlier on Feb 26, Seatrium reported earnings of $324 million for year ended Dec 31, 2025. This was double the previous year. The stronger performance was attributed to higher revenue and improved margins. Shares in Seatrium closed at $2.28, seven cents, or 3.2% higher, on Feb 26. |
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Andrewtan18
Senior |
27-Feb-2026 16:55
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This time the market is behaving in a very controlled manner unlike in Feb 2025 when it went crazy spiking up 16% in two days before result was announced. This stock has been a speculative penny stock for many retail out for short term punt. Institutions know if they buy in directly it will cause a feeding frenzy by these retail gamblers waiting for kopi money. So they are controlling this very well with millions on the sell side blocking any crazy gamblers jumping in. If it can be $2.60 this time last year then it ought to be justified this year.
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Ltinvestor
Member |
27-Feb-2026 16:30
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Slowly but surely What' s New Steady FY25 results with net profit doubling to SGD324m, in line with expectation on higher Revenue +24% and GPM +430bps to 7.4% on execution efficiencies Orderbook moderated to SGD17.8bn, pursuing SGD32bn pipeline legacy US projects near completion, ending onerous provisions. Besides earnings recovery, order win momentum is another critical driver for share price expect sizeable orders from Petrobras and Tennet Final DPS doubled to 3.0 Scts We currently have a BUY call with SGD2.96 TP Analyst Pei Hwa Ho | [email protected] Key Financial Data (FY Dec) Bloomberg Ticker STM SP Sector Capital Goods Share Price(SGD) 2.28 DBS Rating BUY 12-mth Target Price (SGD) 2.96 Market Cap (USDbn) 6.1 3m Avg. Daily Val (USDmn) 18.1 Dividend yield (%) 1.5 Fwd. P/E (x) 15.9 P/Book (x) 1.2 ROE (%) 5.0 Closing Price as of 26/02/2026 Source: Twelve Data, DBS, Visible Alpha Seatrium Limited Share Price Source: Twelve Data SGD SINGAPORE EQUITY RESEARCH Seatrium Limited Refer to important disclosures at the end of this report DBS Group Research 27 February 2026 This report is based on content published on the Insights Direct platform which was last updated on 27 February 2026. sa: DT, PY, CS Results broadly in line. Seatrium doubled FY25 net profit to SGD324m (+106% y/y), with revenue rising 24% to SGD11.5bn from strong Oil & Gas (Petrobras FPSO) and Offshore Wind (TenneT HVDC) execution, tripling gross profit to SGD848m via better mix, yard utilisation, series builds, and cost discipline. EBITDA grew 34% to SGD837m, aided by lower finance costs and SGD50m+ annualised savings from divestments (target SGD100m by FY28). Gross profit margin was stable at 7.4%, slightly lower than our expectation of ~8%, offset by higher-thanexpected revenue. We noticed SGD96.5mn provision for onerous contracts booked in 2H25. Stripping this out, GPM in 2H25 might be closer to 9%, and adjusted net profit c. SGD400mn for FY25. On a positive note, legacy US wind/dredger nears completion, putting an end to onerous provisions. Under operating income, STM has also incurred c.SGD100mn forex loss and provision for restoration cost for Admiraty yard which offset by divestment gains. Key catalysts: earnings recovery and order wins. Orderbook moderated to SGD17.8bn (40% green solutions), represents c.2-year revenue coverage. Pressure is mounting to accelerate order intake and optimise yard operations as major Petrobras and TenneT projects have long gestation period stretching through 2033. STM secured over SGD4bn orders in FY25. Order win momentum is expected to pick up with c.USD7-8bn wins this year with SGD32bn pipeline across O& G (South America/Middle East), wind (Europe), and conversions with oil demand sustained by AI/tech amid low breakevens. STM proposes share buyback renewal/share buyback continuation. |
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Ltinvestor
Member |
27-Feb-2026 16:27
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DBS Research Target price $2.96 | ||||
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Delvyss
Elite |
27-Feb-2026 16:26
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Earnings Spotlight: Seatrium Profits Double as Sembcorp Bolsters its Renewable Strategyhttps://thesmartinvestor.com.sg/earnings-spotlight-seatrium-profits-double-as-sembcorp-bolsters-its-renewable-strategy/ |
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Delvyss
Elite |
27-Feb-2026 15:24
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Price inclusive $0.03 dividend, thus actual cost is lesser.
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MrBear12
Supreme |
27-Feb-2026 13:39
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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top volume and I believe it is not shortsell volumes but real buying interests. way to go Seatrium!!! see you all at 240 goodbye 🐻 | ||||
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PiRPiR
Master |
27-Feb-2026 12:47
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https://thesmartinvestor.com.sg/earnings-spotlight-seatrium-profits-double-as-sembcorp-bolsters-its-renewable-strategy/
Seatrium: Riding the Offshore Momentum Seatrium demonstrated significant operational momentum in 2025, benefiting from a robust cycle in the global offshore and marine industries. The engineering specialist saw its revenue jump 24.3% YoY to S$11.5 billion, a surge driven by the successful achievement of production milestones across its diverse project slate. This top-line growth translated into an even more impressive bottom-line result, as net profit more than doubled to S$323.6 million. This profitability leap was fueled by a combination of higher revenue recognition, leaner overhead costs, and a stronger contribution from its associates, which helped mitigate a rising tax bill. The group?s financial health also showed marked improvement. FCF turned positive at S$19.7 million, reversing the previous year?s slight deficit. As of year-end, Seatrium maintained a sturdy balance sheet with S$1.8 billion in cash against S$2.5 billion in borrowings, resulting in a manageable net debt of S$680.0 million. For income-seeking investors, the most encouraging takeaway was the doubling of the final dividend to S$0.03 per share. Looking ahead, Seatrium?s future appears well-supported by an enormous S$17.8 billion order book and a massive S$32 billion pipeline of potential deals. Management?s focus on high-value projects and strict financial discipline suggests a clear path toward margin expansion. By diversifying its reach into offshore wind and conversion projects, Seatrium is effectively positioning itself as a vital partner in the global energy evolution. |
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Joelton
Supreme |
27-Feb-2026 10:31
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Seatrium H2 profit up 48.3%, full-year profit doubles on margin expansion Company proposing final dividend of S$0.03 a share, double the previous year&rsquo s [SINGAPORE] Marine engineering company Seatrium reported a net profit of S$179.3 million for the second half, a 48.3 per cent increase from S$120.9 million in the same period a year earlier. For the full year, the offshore and marine specialist&rsquo s net profit was up 106 per cent at S$323.6 million from S$156.8 million in FY2024. The H2 and full-year earnings increases were mainly attributed to higher contributions from revenue recognition, a higher share of profit from associates, and lower net finance costs. However, this was partially offset by higher tax expenses, the company said on Thursday (Feb 26). Shares of Seatrium climbed 4.1 per cent to S$2.30 at market open after the results were announced. Earnings per share (EPS) for the second half stood at S$0.0529, compared with S$0.0356 in the year-ago period. Full-year earnings per share was at S$0.0956, compared with S$0.0461 previously. On the back of its strong performance, Seatrium has proposed a final cash dividend of S$0.03 per share, payable on May 18 after the record date of May 6. Revenue for the half year rose 17 per cent to S$6.1 billion, from S$5.2 billion. Meanwhile, full-year revenue rose 24.3 per cent to S$11.5 billion, driven by &ldquo strong execution&rdquo and the achievement of production milestones for projects. The full-year increase was mainly down to the oil and gas and offshore wind segments. These were helped by the execution of the Petrobras P-Series floating production storage and offloading projects and TenneT 2GW high-voltage direct current projects. For FY2025, Seatrium&rsquo s net profit surged to S$323.6 million from S$156.8 million before. Full-year earnings per share stood at S$0.0956, compared with S$0.0461 in the prior year. Although the group bagged over S$4 billion in new orders last year, Seatrium&rsquo s net order book stood at S$17.8 billion as at Dec 31, 2025, down from S$23.2 billion in 2024. The orders comprise 24 projects with deliveries extending through to 2033, providing long-term revenue visibility. About 40 per cent of this net order book consists of renewables and cleaner or green solutions. Seatrium said its active refinancing efforts drove down the cost of debt and lengthened its average loan maturity. As at end-2025, Seatrium&rsquo s net debt stood at S$680 million, slightly down from S$690 million previously. The net leverage ratio improved significantly to 0.8 times, down from 1.1 times in the prior year. Outlook The company said it is actively pursuing over S$32 billion in pipeline deals over the next 24 months. These opportunities are diversified across oil and gas, offshore wind and conversions projects. It also remains focused on pursuing higher-value projects to strengthen its margin profile, optimising its cost structure through financial discipline and strategic divestments, and maintaining operational and execution discipline. In a report on Monday, Citi analyst Luis Hilado said Seatrium should deliver its 2028 target of S$1 billion earnings &ldquo a year earlier&rdquo . He also called on the company&rsquo s management to &ldquo outline any other divestment targets going forward and their potential overhead savings and margin realisation&rdquo . On Thursday, Chris Ong, chief executive officer at Seatrium, said: &ldquo We are progressing steadily to deliver our FY2028 steady-state targets.&rdquo Shares of Seatrium fell 1.8 per cent to close S$0.04 lower at S$2.21 on Wednesday. |
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Delvyss
Elite |
27-Feb-2026 10:17
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BOD (buy-the-dip) mode. | ||||
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Delvyss
Elite |
27-Feb-2026 09:26
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With the latest report card, it is even more justified to be at 2.60 & above, than Feb 25.
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seanpent
Supreme |
27-Feb-2026 09:13
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Potentially heading towards 2.60
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Joelton
Supreme |
26-Feb-2026 12:05
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Seatrium doubles FY2025 earnings to $324 mil on higher revenue and better margins Seatrium&rsquo s FY2025 earnings doubled to $324 million, driven by higher revenue and improved margins from oil and gas and offshore wind projects. The company plans to double its dividend payout, renew its share buyback mandate, and continue its cost-saving initiatives. With a strong order book and pipeline of opportunities, Seatrium is well-positioned for future growth.
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PiRPiR
Master |
26-Feb-2026 11:34
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09:58 PM EST, 02/25/2026 (MT Newswires) -- Seatrium's (SGX:5E2) profit attributable to owners climbed 48% during the second half of 2025 to SG$179.3 million from SG$120.9 million a year earlier, according to a Thursday filing with the Singapore Exchange.
Earnings per share rose to SG$0.0524, compared with SG$0.0353 in the year-ago period. Analysts at Visible Alpha had projected EPS of SG$0.05 for the period. Revenue for the period was up 17% year over year to SG$6.10 billion from SG$5.22 billion. Analysts at Visible Alpha had projected revenue of SG$5.25 billion. The company declared a final dividend of SG$0.03 per share for the 12 months ended Dec. 31, 2025, up from SG$0.015 per share a year earlier. The dividend will be paid on May 18. |
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PiRPiR
Master |
26-Feb-2026 09:19
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ExDiv 5 May 3 cents payable 18 May | ||||
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seanpent
Supreme |
26-Feb-2026 09:12
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Take this as " Acclimatization" before your next altitude at 2.60 (done in Feb 2025, one-year anniversary!).
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MrBear12
Supreme |
26-Feb-2026 08:58
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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am already feeling the upwards momentum
brace ourselves
10g force
need pure oxygen to survive the shock
even for 🐻
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