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Seatrium Ltd
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Seatrium - Sea of Hopes & Atrium of Surprises (II)
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Joyoftheworld
Master |
25-Feb-2026 16:32
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打 回 原 形 。 not a good sign for tomo. | ||||
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MrBear12
Supreme |
25-Feb-2026 12:48
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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today is your opportunity to Toby
Sing today!
Fly tomorrow
🌙 🐻
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Tob231
Elite |
25-Feb-2026 08:57
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MrBear12, if 2.5c, it is 67% increase from last year woah, not bad .... in case we think the management is Zzzleeping, they are removing the excess. divesting non-core assets $$$ and saving $50m annualised operation cost since i have pared down, maybe i should add-on |
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MrBear12
Supreme |
24-Feb-2026 16:59
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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This year 2.5 cents FY dividend
Let's see who is nearest
BinderyT won last year's profit guessing competition
Who wins this year's dividend guessing challenge??
I guess it will be
🐻
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Tob231
Elite |
24-Feb-2026 16:25
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last year dividend is 1.5c | ||||
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Joelton
Supreme |
24-Feb-2026 12:10
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Seatrium ends 2.3% higher on S$50 million savings target ahead of full-year earnings Expected savings come amid the group&rsquo s divestment of non-core assets [SINGAPORE] Shares of marine and offshore specialist Seatrium rose on Monday (Feb 23) morning on news of its S$50 million savings target in annualised operational cost. The counter was up at S$2.25 as at 9.24 am, an increase of 4.2 per cent or S$0.09 from its last closing price of S$2.16 on Friday. Some 9.6 million shares changed hands. As at 1.23 pm, it eased to S$2.21, still up 2.3 per cent or S$0.05. With close to 17.2 million shares transacted, it was one of the top traded counters on the Singapore Exchange by volume. Shares of Seatrium ended Monday 2.3 per cent or S$0.05 higher at S$2.21. On Monday, Seatrium announced that it expects to achieve more than S$50 million in annualised operational cost savings by early 2026 through the divestment of non-core assets. The divestments will help optimise its cost structure, enhance asset utilisation and sharpen its competitive edge. The expected savings follow several transactions involving the divestment of shipyards, tugboats and equipment. The news comes as Seatrium is due to announce its full-year financial results on Thursday. Citi Research said that Seatrium&rsquo s divestments of non-core assets are &ldquo further steps in the right direction to bridge the gap between double digit new project margins versus group earnings before interest, taxes, depreciation, and amortisation margins&rdquo , which remain in the high single digits as of H1 2025. The research house assigned Seatrium a &ldquo buy&rdquo call and a target price of S$2.60, a premium of S$0.44 or 20.4 per cent above its latest closing price on Friday. Citi Research analyst Luis Hilado noted that the target price is based on a price-to-book ratio approach, as the research house thinks that FY2023 write-offs have &ldquo significantly lessened the risk of goodwill impairments&rdquo . The research house applied a target multiple of 1.2 times on FY2026 estimates, as it expects the market to look into Seatrium&rsquo s long-term prospects, with new higher-margin contracts set to raise returns further and push return on equity higher, Hilado said. &ldquo It would be ideal in the upcoming end-FY2025 results briefings that management outline any other divestment targets going forward and their potential overhead savings and margin realisation,&rdquo he said. Notable divestments The expected S$50 million worth of annualised operational cost savings come alongside recent disposals of the AmFels yard in Texas and the divestment of its unit Guanabara Navegacao, a special purpose vehicle that owns two platform supply vessels &ndash both of which were announced in 2025. Key divestments in Singapore and Indonesia include the S$22 million sale of its Karimun Yard in Karimun island, Indonesia, in December. This was executed through Seatrium&rsquo s subsidiary Karimun Sembawang Shipyard and followed a binding agreement with Tirta Segar Alami, an entity linked to Indonesian conglomerate Salim Group. There were also the S$104 million sale of a 17-tugboat fleet to KST Maritime and Maju Maritime, and the S$16.9 million sale of its Can-Do 2 floating dock in January. In addition, the divestment of its Crescent Yard in Singapore to Mooreast Holdings for a cash consideration of S$12.5 million is slated to be completed by the first quarter of 2026. In its latest third-quarter business update in November, Seatrium reported a S$16.6 billion net order book as at end-September. This comprised 24 projects with deliveries extending through to 2031, with new orders largely from returning customers. Then, the group reported it was making &ldquo steady progress&rdquo towards its 2028 financial targets. This includes its 2028 revenue target of S$10 billion to S$12 billion, amid factors such as its order book, optimisation of operational efficiencies and divestments of non-core assets. |
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eugesun
Elite |
23-Feb-2026 19:02
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22m volume, huat ahhh...
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luckyboy22
Supreme |
23-Feb-2026 15:43
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HUAT AAAHHHHH!!!!
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eugesun
Elite |
23-Feb-2026 13:43
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😂 😂 😆 😆 😆 , gold indicator...huat ahhh
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PiRPiR
Master |
23-Feb-2026 12:16
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09:44 PM EST, 02/22/2026 (MT Newswires) -- Seatrium (SGX:5E2) expects to achieve around SG$50 million in annualized operational cost savings from the divestment of certain non-core assets, according to a Monday filing with the Singapore Exchange.
The divestments are expected to conclude by early 2026 and are part of the company's asset portfolio optimization strategy. In January, the company's subsidiary, Seatrium Marine Services, divested a fleet of 17 tugboats in Singapore for SG$104 million, following a binding purchase agreement with KST Maritime and its affiliate, Maju Maritime. Additionally, the company sold its Can-Do 2 floating dock for about SG$16.9 million during the same month. In December 2025, the company's Karimun Yard in Indonesia was divested for SG$22 million. The company is expected to complete the divestment of its Crescent Yard in Singapore for SG$12.5 million in the first quarter of 2026. Seatrium provides engineering services to global offshore and marine and energy industries. Its shares were up over 2% in Monday morning trading. |
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ahbui8
Master |
23-Feb-2026 11:50
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saving is good but main concern is the profit margin, market no confidence on this clown counter and the clown CEO. | ||||
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Joyoftheworld
Master |
23-Feb-2026 11:33
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Seems like Eugesun" s reverse charm still working well. At the precise moment of his words, effect was immediate...
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Joyoftheworld
Master |
23-Feb-2026 11:30
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Hopefully just lao hong and not lao sai.
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luckyboy22
Supreme |
23-Feb-2026 11:17
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As usual punctured liao! | ||||
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eugesun
Elite |
23-Feb-2026 09:44
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sure early morning still, squeeze all the way...
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Joyoftheworld
Master |
23-Feb-2026 09:35
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Can we break the previous interim high of 229 from last month?
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luckyboy22
Supreme |
23-Feb-2026 09:27
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Hosay liao....steady pom pipi!!!
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msksmsks
Supreme |
23-Feb-2026 09:24
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Steady poon bibi
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n3wbie
Elite |
21-Feb-2026 10:40
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The upside is that market will eventually absorb the news and move on, evidenced by the recent conflicts observed in Israel-Gaza, Russia-Ukraine, etc even if there is an attack, oil prices will spike which is not a bad thing for STM but probably has a broader issue for the global economy.
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MrBear12
Supreme |
21-Feb-2026 10:35
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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don't say never.
pray never
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