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Latest Forum Topics / Seatrium Ltd    Last:2.05    -0.04  Post Reply
Seatrium - Sea of Hopes & Atrium of Surprises (II)
Chansenghoe1971
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09-Jul-2025 16:32     
 
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 Alert Admin 		Uptrend trajectory enroute end July
2.30 datang
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eugesun
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08-Jul-2025 10:06     
 
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 Alert Admin 		Low volume everday, very boring...just watch...10 dollar huat ahh

Trainner      ( Date: 07-Jul-2025 10:16) Posted:

I am waiting for $3........ where are you???

Joelton      ( Date: 04-Jul-2025 10:40) Posted:

Seatrium secures floating storage regasification unit project from energy company Kinetics
It is set to commence in the third quarter of 2025 and involves the conversion of a liquefied natural gas carrier into an FSRU
 
[SINGAPORE] Seatrium   : 5E2 +0.98%has secured a floating storage regasification unit (FSRU) conversion contract from energy company Kinetics, a spin-off from Turkish energy group Karpowership. 
 
The project, set to commence in the third quarter of 2025, involves the conversion of a liquefied natural gas carrier into an FSRU named LNGT Turkiye, Seatrium said on Thursday (Jul 3).    
 
The scope of work includes the installation of a regasification module, a spread-mooring system and the integration of key supporting systems such as cargo handling, offloading, utility, electrical and automation systems. 
 
Alvin Gan, executive vice-president for repairs and upgrades at Seatrium, said that the project is the seventh FSRU partnership between the two companies. 
 
Seatrium has delivered four projects for Kinetics to date and it is working on two more FSRU conversion projects, slated to be delivered later this year and in the first quarter of 2026, Gan noted.    
 
In June, it delivered its fourth FSRU project for Kinetics, the Karmol LNGT Powership Antarctica, he added.  
 
Mehmet Katmer, chief executive officer of Kinetics, said that the contract is a &ldquo significant milestone&rdquo for the company as it aims to expand its FSRU fleet and become a global leader in the FSRU market in the coming years. 


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Joyoftheworld
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07-Jul-2025 12:32     
 
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 Alert Admin 		Seems like below $2 first before H1 results....up 1 cent down 2 cents up 1 cent down 2 cents, rinse and repeat.
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Trainner
Master
07-Jul-2025 10:16     
 
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 Alert Admin 		I am waiting for $3........ where are you???

Joelton      ( Date: 04-Jul-2025 10:40) Posted:

Seatrium secures floating storage regasification unit project from energy company Kinetics
It is set to commence in the third quarter of 2025 and involves the conversion of a liquefied natural gas carrier into an FSRU
 
[SINGAPORE] Seatrium   : 5E2 +0.98%has secured a floating storage regasification unit (FSRU) conversion contract from energy company Kinetics, a spin-off from Turkish energy group Karpowership. 
 
The project, set to commence in the third quarter of 2025, involves the conversion of a liquefied natural gas carrier into an FSRU named LNGT Turkiye, Seatrium said on Thursday (Jul 3).    
 
The scope of work includes the installation of a regasification module, a spread-mooring system and the integration of key supporting systems such as cargo handling, offloading, utility, electrical and automation systems. 
 
Alvin Gan, executive vice-president for repairs and upgrades at Seatrium, said that the project is the seventh FSRU partnership between the two companies. 
 
Seatrium has delivered four projects for Kinetics to date and it is working on two more FSRU conversion projects, slated to be delivered later this year and in the first quarter of 2026, Gan noted.    
 
In June, it delivered its fourth FSRU project for Kinetics, the Karmol LNGT Powership Antarctica, he added.  
 
Mehmet Katmer, chief executive officer of Kinetics, said that the contract is a &ldquo significant milestone&rdquo for the company as it aims to expand its FSRU fleet and become a global leader in the FSRU market in the coming years. 

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Joelton
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04-Jul-2025 10:40     
 
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 Alert Admin
Seatrium secures floating storage regasification unit project from energy company Kinetics
It is set to commence in the third quarter of 2025 and involves the conversion of a liquefied natural gas carrier into an FSRU
 
[SINGAPORE] Seatrium   : 5E2 +0.98%has secured a floating storage regasification unit (FSRU) conversion contract from energy company Kinetics, a spin-off from Turkish energy group Karpowership. 
 
The project, set to commence in the third quarter of 2025, involves the conversion of a liquefied natural gas carrier into an FSRU named LNGT Turkiye, Seatrium said on Thursday (Jul 3).    
 
The scope of work includes the installation of a regasification module, a spread-mooring system and the integration of key supporting systems such as cargo handling, offloading, utility, electrical and automation systems. 
 
Alvin Gan, executive vice-president for repairs and upgrades at Seatrium, said that the project is the seventh FSRU partnership between the two companies. 
 
Seatrium has delivered four projects for Kinetics to date and it is working on two more FSRU conversion projects, slated to be delivered later this year and in the first quarter of 2026, Gan noted.    
 
In June, it delivered its fourth FSRU project for Kinetics, the Karmol LNGT Powership Antarctica, he added.  
 
Mehmet Katmer, chief executive officer of Kinetics, said that the contract is a &ldquo significant milestone&rdquo for the company as it aims to expand its FSRU fleet and become a global leader in the FSRU market in the coming years. 
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LoudShout
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04-Jul-2025 09:57     
 
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 Alert Admin
Nov 2024
 
Asked about the ongoing Monetary Authority of Singapore/Commercial Affairs Department (MAS/CAD) investigations regarding business transactions conducted by Sembcorp Marine (Seatrium was formed by combining Sembcorp Marine and Keppel Offshore & Marine in 2023), Mr Ong said that he has no further information but hopes the matter will be resolved soon. 
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Taylor
Elite
04-Jul-2025 09:51     
 
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 Alert Admin 		Ah Moh hse inside Liao left right range coming
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seanpent
Supreme
03-Jul-2025 15:46     
 
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 Alert Admin 		Keppel & SCI progress is making Seatrium looks like an infant.

So $3 is not too much to ask for. :)

eugesun      ( Date: 03-Jul-2025 15:23) Posted:

yes squeeze to 3 dollars..

seanpent      ( Date: 03-Jul-2025 13:51) Posted:

some short squeeze would hel
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eugesun
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03-Jul-2025 15:23     
 
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 Alert Admin 		yes squeeze to 3 dollars..

seanpent      ( Date: 03-Jul-2025 13:51) Posted:

some short squeeze would help

seanpent      ( Date: 03-Jul-2025 13:13) Posted:

Sector doing well, a likelyhood this is bound to set sail towards $3
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seanpent
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03-Jul-2025 14:01     
 
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 Alert Admin 		yes

ruanlai      ( Date: 03-Jul-2025 12:52) Posted:

Seatrium wins FSRU conversion contract from Kinetics

 

Seatrium, on July 3, announced that it has been awarded a floating storage regasification unit (FSRU) conversion contract from Kinetics. Kinetics is an energy transition initiative by Turkish global floating power leader Karpowership.

The contract win comes after Kinetics confirmed the option of a fourth FSRU conversion project with Seatrium in April.

The project, which is slated to begin in 3Q2025, involves the conversion of a liquefied natural gas (LNG) carrier into an FSRU named  LNGT Turkiye. The work includes the installation of a regasification module, a spread-mooring system, and integration of key supporting systems such as cargo handling, offloading, utility, electrical, and automation systems.

 

&ldquo We truly appreciate the trust from Kinetics in awarding us this important seventh FSRU project,&rdquo says Alvin Gan, executive vice president, repairs and upgrades at Seatrium.

&ldquo Presently, two more FSRU conversion projects for Kinetics are in progress at our yard, with deliveries scheduled later this year and in the first quarter of 2026,&rdquo he adds.

https://www.theedgesingapore.com/news/offshore-marine/seatrium-wins-fsru-conversion-contract-kinetics
 

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seanpent
Supreme
03-Jul-2025 13:51     
 
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 Alert Admin 		some short squeeze would help

seanpent      ( Date: 03-Jul-2025 13:13) Posted:

Sector doing well, a likelyhood this is bound to set sail towards $3
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seanpent
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03-Jul-2025 13:13     
 
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 Alert Admin 		Sector doing well, a likelyhood this is bound to set sail towards $3
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ruanlai
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03-Jul-2025 12:52     
 
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Seatrium wins FSRU conversion contract from Kinetics

 

Seatrium, on July 3, announced that it has been awarded a floating storage regasification unit (FSRU) conversion contract from Kinetics. Kinetics is an energy transition initiative by Turkish global floating power leader Karpowership.

The contract win comes after Kinetics confirmed the option of a fourth FSRU conversion project with Seatrium in April.

The project, which is slated to begin in 3Q2025, involves the conversion of a liquefied natural gas (LNG) carrier into an FSRU named  LNGT Turkiye. The work includes the installation of a regasification module, a spread-mooring system, and integration of key supporting systems such as cargo handling, offloading, utility, electrical, and automation systems.

 

&ldquo We truly appreciate the trust from Kinetics in awarding us this important seventh FSRU project,&rdquo says Alvin Gan, executive vice president, repairs and upgrades at Seatrium.

&ldquo Presently, two more FSRU conversion projects for Kinetics are in progress at our yard, with deliveries scheduled later this year and in the first quarter of 2026,&rdquo he adds.

https://www.theedgesingapore.com/news/offshore-marine/seatrium-wins-fsru-conversion-contract-kinetics
 
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eugesun
Elite
03-Jul-2025 11:35     
 
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 Alert Admin 		10 dollars haut ahh...

beng1102      ( Date: 03-Jul-2025 10:28) Posted:

STRONG BUY before it is too late.

msksmsks      ( Date: 02-Jul-2025 09:15) Posted:

Price actions further reinforced its
on upwards trajectory
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beng1102
Elite
03-Jul-2025 10:28     
 
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 Alert Admin 		STRONG BUY before it is too late.

msksmsks      ( Date: 02-Jul-2025 09:15) Posted:

Price actions further reinforced its
on upwards trajectory

msksmsks      ( Date: 01-Jul-2025 10:41) Posted:

Fm price actions, looks bullish and positive

203 threw down couple times and restacked
or eatup again ,

Poised for more upside once 204 is cleared

My humble opinions onl
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LoudShout
Master
03-Jul-2025 08:32     
 
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 Alert Admin 		Why not disclosed in SGX announcement?

sfw2124      ( Date: 02-Jul-2025 22:17) Posted:

Giant floater prepares to depart Singapore, marking key milestone in $2.3 billion Brazilian project
Petrobras chief executive, Magda Chambriard, announces sailaway ceremony for P-78 FPSO at Seatrium' s Singapore facility
The P-78 floating production, storage and offloading vessel is preparing to depart Singapore' s Seatrium yard for Brazil, where it will be deployed on Petrobras? massive Buzios pre-salt field." Unquote
A Seatrium spokesperson on Wednesday told Upstream that the FPSO is still at its yard in the Lion City, where it will take on bunker and stores and be prepared for its voyage, " which will take a week or two" .
Petrobras chief executive, Magda Chambriard, had announced the sailaway ceremony for the $2.3 billion floater via social media LinkedIn on Monday.
The departure of the P-78 FPSO from Seatrium' s Singapore yard for Petrobras&rsquo $2.3 billion Buzios project is a highly significant operational milestone for Seatrium, but its impact on the share price is likely to be positive but largely anticipated (partially priced in) by the market.
Significance of the P-78 FPSO Milestone
  • Revenue Recognition: The delivery and sailaway of the P-78 FPSO marks the achievement of a major project milestone, allowing Seatrium to recognize a substantial portion of project revenue and associated profit in its 2H25 financials[1][2].
  • Margin Expansion: Management and analysts expect gross margins for the P-78 to be around 9&ndash 10%, higher than previous Petrobras projects, contributing to a strong rebound in overall group margins in 2025[1][2].
  • Order Book Strength: The P-78 is one of several large FPSOs Seatrium is building for Petrobras, underpinning a robust order book (S$16.2 billion as of mid-2025) and providing multi-year revenue visibility[3][4].
  • Reputation and Future Wins: Successful delivery of such a complex, high-value FPSO strengthens Seatrium&rsquo s reputation with Petrobras and globally, positioning it well for future FPSO contracts as Petrobras ramps up Buzios field development and as more tenders are expected in the next 12&ndash 24 months[4][5].
Impact on Share Price: Priced In or Further Upside?
  • Market Anticipation: The sailaway of the P-78 has been widely tracked by analysts and investors since the contract was awarded in 2021. The milestone was expected in 2H25, and the market has partially priced in the successful delivery and its financial impact[1][2].
  • Earnings Preview: Analysts are forecasting strong 1H25 results for Seatrium, with revenue up 18% year-on-year and net profit up 33% year-on-year, driven in large part by Petrobras FPSO deliveries, including the P-78[1][2].
  • Valuation Upside: Despite recent gains, Seatrium&rsquo s share price (S$2.03 at last close) still trades at a discount to analyst target prices (CGS International: S$2.80, UOB Kay Hian: S$2.31), suggesting room for further upside if execution remains strong and no cost overruns emerge[1][5].
  • Catalyst for Further Rerating: The actual financial delivery (revenue/profit recognition) and confirmation of margin improvement in upcoming results could serve as a catalyst for renewed buying interest, especially if accompanied by new contract wins or positive guidance on future FPSO projects[1][2][5].
Potential Risks
  • Execution Risk: Any unforeseen issues in final commissioning, cost overruns, or operational delays could temper the positive impact.
  • Sector Volatility: Broader market or oil sector volatility could still affect the share price regardless of company-specific achievements.
Summary Table
Factor Impact on Seatrium Share Price
P-78 FPSO delivery milestone Positive (revenue/profit recognition)
Margin improvement Positive (supports earnings rebound)
Order book visibility Positive (multi-year revenue support)
Market anticipation Partially priced in, but further upside possible
Analyst targets Still above current price, room for rerating
Future contract pipeline Positive if new wins materialize
 
 
In conclusion:
The P-78 FPSO sailaway is a key operational and financial milestone for Seatrium. While much of the news is already anticipated by the market, the actual revenue and profit recognition, along with visible margin improvement, could provide further upside to the share price&mdash especially if accompanied by new contract wins or bullish management guidance. The event confirms Seatrium&rsquo s execution capabilities and strengthens its position for future mega-projects in Brazil and beyond[1][3][4][2][5].
⁂
  1. https://www.minichart.com.sg/2025/07/02/seatrium-ltd-stm-1h25-earnings-preview-strong-net-profit-growth-petrobras-fpso-deliveries-esg-insights/           
  2. https://www.minichart.com.sg/2025/07/01/seatrium-ltd-stm-1h25-earnings-preview-strong-net-profit-growth-petrobras-fpso-deliveries-investment-outlook/         
  3. https://www.asktraders.com/analysis/seatrium-shares-add-16-in-july-as-order-book-builds/ 
  4. https://sginvestors.io/analysts/research/2024/09/seatrium-uob-kay-hian-research-2024-09-09   
  5. https://markets.businessinsider.com/news/stocks/seatrium-limited-strong-buy-on-strategic-mergers-and-brazilian-market-opportunities-1033756968     


War3craft2003      ( Date: 02-Jul-2025 21:48) Posted:

https://www.upstreamonline.com/rigs-and-vessels/giant-floater-prepares-to-depart-singapore-marking-key-milestone-in-2-3-billion-brazilian-project/2-1-1840267

Giant floater prepares to depart Singapore, marking key milestone in $2.3 billion Brazilian project
Petrobras chief executive, Magda Chambriard, announces sailaway ceremony for P-78 FPSO at Seatrium's Singapore facility

The P-78 floating production, storage and offloading vessel is preparing to depart Singapore's Seatrium yard for Brazil, where it will be deployed on Petrobras? massive Buzios pre-salt field.

A Seatrium spokesperson on Wednesday told Upstream that the FPSO is still at its yard in the Lion City, where it will take on bunker and stores and be prepared for its voyage, "which will take a week or two".

Petrobras chief executive, Magda Chambriard, had announced the sailaway ceremony for the $2.3 billion floater via social media LinkedIn on Monday.
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Chansenghoe1971
Elite
03-Jul-2025 07:16     
 
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 Alert Admin 		Thanks for the posting
$2.50 is not impossible
👍 Huat Da R!

sfw2124      ( Date: 02-Jul-2025 22:17) Posted:

Giant floater prepares to depart Singapore, marking key milestone in $2.3 billion Brazilian project
Petrobras chief executive, Magda Chambriard, announces sailaway ceremony for P-78 FPSO at Seatrium' s Singapore facility
The P-78 floating production, storage and offloading vessel is preparing to depart Singapore' s Seatrium yard for Brazil, where it will be deployed on Petrobras? massive Buzios pre-salt field." Unquote
A Seatrium spokesperson on Wednesday told Upstream that the FPSO is still at its yard in the Lion City, where it will take on bunker and stores and be prepared for its voyage, " which will take a week or two" .
Petrobras chief executive, Magda Chambriard, had announced the sailaway ceremony for the $2.3 billion floater via social media LinkedIn on Monday.
The departure of the P-78 FPSO from Seatrium' s Singapore yard for Petrobras&rsquo $2.3 billion Buzios project is a highly significant operational milestone for Seatrium, but its impact on the share price is likely to be positive but largely anticipated (partially priced in) by the market.
Significance of the P-78 FPSO Milestone
  • Revenue Recognition: The delivery and sailaway of the P-78 FPSO marks the achievement of a major project milestone, allowing Seatrium to recognize a substantial portion of project revenue and associated profit in its 2H25 financials[1][2].
  • Margin Expansion: Management and analysts expect gross margins for the P-78 to be around 9&ndash 10%, higher than previous Petrobras projects, contributing to a strong rebound in overall group margins in 2025[1][2].
  • Order Book Strength: The P-78 is one of several large FPSOs Seatrium is building for Petrobras, underpinning a robust order book (S$16.2 billion as of mid-2025) and providing multi-year revenue visibility[3][4].
  • Reputation and Future Wins: Successful delivery of such a complex, high-value FPSO strengthens Seatrium&rsquo s reputation with Petrobras and globally, positioning it well for future FPSO contracts as Petrobras ramps up Buzios field development and as more tenders are expected in the next 12&ndash 24 months[4][5].
Impact on Share Price: Priced In or Further Upside?
  • Market Anticipation: The sailaway of the P-78 has been widely tracked by analysts and investors since the contract was awarded in 2021. The milestone was expected in 2H25, and the market has partially priced in the successful delivery and its financial impact[1][2].
  • Earnings Preview: Analysts are forecasting strong 1H25 results for Seatrium, with revenue up 18% year-on-year and net profit up 33% year-on-year, driven in large part by Petrobras FPSO deliveries, including the P-78[1][2].
  • Valuation Upside: Despite recent gains, Seatrium&rsquo s share price (S$2.03 at last close) still trades at a discount to analyst target prices (CGS International: S$2.80, UOB Kay Hian: S$2.31), suggesting room for further upside if execution remains strong and no cost overruns emerge[1][5].
  • Catalyst for Further Rerating: The actual financial delivery (revenue/profit recognition) and confirmation of margin improvement in upcoming results could serve as a catalyst for renewed buying interest, especially if accompanied by new contract wins or positive guidance on future FPSO projects[1][2][5].
Potential Risks
  • Execution Risk: Any unforeseen issues in final commissioning, cost overruns, or operational delays could temper the positive impact.
  • Sector Volatility: Broader market or oil sector volatility could still affect the share price regardless of company-specific achievements.
Summary Table
Factor Impact on Seatrium Share Price
P-78 FPSO delivery milestone Positive (revenue/profit recognition)
Margin improvement Positive (supports earnings rebound)
Order book visibility Positive (multi-year revenue support)
Market anticipation Partially priced in, but further upside possible
Analyst targets Still above current price, room for rerating
Future contract pipeline Positive if new wins materialize
 
 
In conclusion:
The P-78 FPSO sailaway is a key operational and financial milestone for Seatrium. While much of the news is already anticipated by the market, the actual revenue and profit recognition, along with visible margin improvement, could provide further upside to the share price&mdash especially if accompanied by new contract wins or bullish management guidance. The event confirms Seatrium&rsquo s execution capabilities and strengthens its position for future mega-projects in Brazil and beyond[1][3][4][2][5].
⁂
  1. https://www.minichart.com.sg/2025/07/02/seatrium-ltd-stm-1h25-earnings-preview-strong-net-profit-growth-petrobras-fpso-deliveries-esg-insights/           
  2. https://www.minichart.com.sg/2025/07/01/seatrium-ltd-stm-1h25-earnings-preview-strong-net-profit-growth-petrobras-fpso-deliveries-investment-outlook/         
  3. https://www.asktraders.com/analysis/seatrium-shares-add-16-in-july-as-order-book-builds/ 
  4. https://sginvestors.io/analysts/research/2024/09/seatrium-uob-kay-hian-research-2024-09-09   
  5. https://markets.businessinsider.com/news/stocks/seatrium-limited-strong-buy-on-strategic-mergers-and-brazilian-market-opportunities-1033756968     


War3craft2003      ( Date: 02-Jul-2025 21:48) Posted:

https://www.upstreamonline.com/rigs-and-vessels/giant-floater-prepares-to-depart-singapore-marking-key-milestone-in-2-3-billion-brazilian-project/2-1-1840267

Giant floater prepares to depart Singapore, marking key milestone in $2.3 billion Brazilian project
Petrobras chief executive, Magda Chambriard, announces sailaway ceremony for P-78 FPSO at Seatrium's Singapore facility

The P-78 floating production, storage and offloading vessel is preparing to depart Singapore's Seatrium yard for Brazil, where it will be deployed on Petrobras? massive Buzios pre-salt field.

A Seatrium spokesperson on Wednesday told Upstream that the FPSO is still at its yard in the Lion City, where it will take on bunker and stores and be prepared for its voyage, "which will take a week or two".

Petrobras chief executive, Magda Chambriard, had announced the sailaway ceremony for the $2.3 billion floater via social media LinkedIn on Monday.
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sfw2124
Senior
02-Jul-2025 22:17     
 
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 Alert Admin 		Giant floater prepares to depart Singapore, marking key milestone in $2.3 billion Brazilian project
Petrobras chief executive, Magda Chambriard, announces sailaway ceremony for P-78 FPSO at Seatrium' s Singapore facility
The P-78 floating production, storage and offloading vessel is preparing to depart Singapore' s Seatrium yard for Brazil, where it will be deployed on Petrobras? massive Buzios pre-salt field." Unquote
A Seatrium spokesperson on Wednesday told Upstream that the FPSO is still at its yard in the Lion City, where it will take on bunker and stores and be prepared for its voyage, " which will take a week or two" .
Petrobras chief executive, Magda Chambriard, had announced the sailaway ceremony for the $2.3 billion floater via social media LinkedIn on Monday.
The departure of the P-78 FPSO from Seatrium' s Singapore yard for Petrobras&rsquo $2.3 billion Buzios project is a highly significant operational milestone for Seatrium, but its impact on the share price is likely to be positive but largely anticipated (partially priced in) by the market.
Significance of the P-78 FPSO Milestone
  • Revenue Recognition: The delivery and sailaway of the P-78 FPSO marks the achievement of a major project milestone, allowing Seatrium to recognize a substantial portion of project revenue and associated profit in its 2H25 financials[1][2].
  • Margin Expansion: Management and analysts expect gross margins for the P-78 to be around 9&ndash 10%, higher than previous Petrobras projects, contributing to a strong rebound in overall group margins in 2025[1][2].
  • Order Book Strength: The P-78 is one of several large FPSOs Seatrium is building for Petrobras, underpinning a robust order book (S$16.2 billion as of mid-2025) and providing multi-year revenue visibility[3][4].
  • Reputation and Future Wins: Successful delivery of such a complex, high-value FPSO strengthens Seatrium&rsquo s reputation with Petrobras and globally, positioning it well for future FPSO contracts as Petrobras ramps up Buzios field development and as more tenders are expected in the next 12&ndash 24 months[4][5].
Impact on Share Price: Priced In or Further Upside?
  • Market Anticipation: The sailaway of the P-78 has been widely tracked by analysts and investors since the contract was awarded in 2021. The milestone was expected in 2H25, and the market has partially priced in the successful delivery and its financial impact[1][2].
  • Earnings Preview: Analysts are forecasting strong 1H25 results for Seatrium, with revenue up 18% year-on-year and net profit up 33% year-on-year, driven in large part by Petrobras FPSO deliveries, including the P-78[1][2].
  • Valuation Upside: Despite recent gains, Seatrium&rsquo s share price (S$2.03 at last close) still trades at a discount to analyst target prices (CGS International: S$2.80, UOB Kay Hian: S$2.31), suggesting room for further upside if execution remains strong and no cost overruns emerge[1][5].
  • Catalyst for Further Rerating: The actual financial delivery (revenue/profit recognition) and confirmation of margin improvement in upcoming results could serve as a catalyst for renewed buying interest, especially if accompanied by new contract wins or positive guidance on future FPSO projects[1][2][5].
Potential Risks
  • Execution Risk: Any unforeseen issues in final commissioning, cost overruns, or operational delays could temper the positive impact.
  • Sector Volatility: Broader market or oil sector volatility could still affect the share price regardless of company-specific achievements.
Summary Table
Factor Impact on Seatrium Share Price
P-78 FPSO delivery milestone Positive (revenue/profit recognition)
Margin improvement Positive (supports earnings rebound)
Order book visibility Positive (multi-year revenue support)
Market anticipation Partially priced in, but further upside possible
Analyst targets Still above current price, room for rerating
Future contract pipeline Positive if new wins materialize
 
 
In conclusion:
The P-78 FPSO sailaway is a key operational and financial milestone for Seatrium. While much of the news is already anticipated by the market, the actual revenue and profit recognition, along with visible margin improvement, could provide further upside to the share price&mdash especially if accompanied by new contract wins or bullish management guidance. The event confirms Seatrium&rsquo s execution capabilities and strengthens its position for future mega-projects in Brazil and beyond[1][3][4][2][5].
⁂
  1. https://www.minichart.com.sg/2025/07/02/seatrium-ltd-stm-1h25-earnings-preview-strong-net-profit-growth-petrobras-fpso-deliveries-esg-insights/           
  2. https://www.minichart.com.sg/2025/07/01/seatrium-ltd-stm-1h25-earnings-preview-strong-net-profit-growth-petrobras-fpso-deliveries-investment-outlook/         
  3. https://www.asktraders.com/analysis/seatrium-shares-add-16-in-july-as-order-book-builds/ 
  4. https://sginvestors.io/analysts/research/2024/09/seatrium-uob-kay-hian-research-2024-09-09   
  5. https://markets.businessinsider.com/news/stocks/seatrium-limited-strong-buy-on-strategic-mergers-and-brazilian-market-opportunities-1033756968     


War3craft2003      ( Date: 02-Jul-2025 21:48) Posted:

https://www.upstreamonline.com/rigs-and-vessels/giant-floater-prepares-to-depart-singapore-marking-key-milestone-in-2-3-billion-brazilian-project/2-1-1840267

Giant floater prepares to depart Singapore, marking key milestone in $2.3 billion Brazilian project
Petrobras chief executive, Magda Chambriard, announces sailaway ceremony for P-78 FPSO at Seatrium's Singapore facility

The P-78 floating production, storage and offloading vessel is preparing to depart Singapore's Seatrium yard for Brazil, where it will be deployed on Petrobras? massive Buzios pre-salt field.

A Seatrium spokesperson on Wednesday told Upstream that the FPSO is still at its yard in the Lion City, where it will take on bunker and stores and be prepared for its voyage, "which will take a week or two".

Petrobras chief executive, Magda Chambriard, had announced the sailaway ceremony for the $2.3 billion floater via social media LinkedIn on Monday.
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War3craft2003
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02-Jul-2025 21:48     
 
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 Alert Admin 		https://www.upstreamonline.com/rigs-and-vessels/giant-floater-prepares-to-depart-singapore-marking-key-milestone-in-2-3-billion-brazilian-project/2-1-1840267

Giant floater prepares to depart Singapore, marking key milestone in $2.3 billion Brazilian project
Petrobras chief executive, Magda Chambriard, announces sailaway ceremony for P-78 FPSO at Seatrium's Singapore facility

The P-78 floating production, storage and offloading vessel is preparing to depart Singapore's Seatrium yard for Brazil, where it will be deployed on Petrobras? massive Buzios pre-salt field.

A Seatrium spokesperson on Wednesday told Upstream that the FPSO is still at its yard in the Lion City, where it will take on bunker and stores and be prepared for its voyage, "which will take a week or two".

Petrobras chief executive, Magda Chambriard, had announced the sailaway ceremony for the $2.3 billion floater via social media LinkedIn on Monday.
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Joyoftheworld
Master
02-Jul-2025 12:19     
 
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 Alert Admin 		Hope Siew Khee is as wrong as always. Sinktrium will likely plunge below $2 if H1 profit is only $150mil

Need $300 mil H1 profit to make a run towards the last high of $2.60.  $300 mil profit = 15x forward PE at $2.60   

In line with Sembcorp Ind' s 12.5x PE.

positivity88      ( Date: 02-Jul-2025 11:32) Posted:

Singapore offshore and marine player Seatrium could pique investors' interest as its projects get underway, says CGS International's Lim Siew Khee in a note. She expects the group to post stronger profit of about S$153 million in 1H, assuming no major exceptionals or forex pressure. The group's first major oil and gas vessel for Petrobras should deliver gross margins of 9%-10% in 2H. The O&M player is building five more vessels with more projects up for tender. She reckons the large-cap Seatrium may be popular in portfolios as a non-indexed pick. The brokerage maintains its add call and S$2.80 target price. Shares are 1.5% higher at S$2.04. ([email protected])
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