0603 GMT - Seatrium's order wins could hit 6.0 billion Singapore dollars in 2026, say CGS International's Meghana Kande and Lim Siew Khee, raising their estimate from S$4.3 billion.The Singapore offshore and marine company's letter of intent with Golar LNG for a third floating liquefied natural gas conversion project, alongside the potential for further gas-related orders, should support this target, they say in a note. The analysts raise their 2026-2028 earnings per share estimates by 1.0%-8.0% to reflect potentially higher order wins, lower expenses and reduced interest costs. CGSI raises its target price to S$2.60 from S$2.52 and maintains an add rating. Shares gain 2.4% to S$2.14.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.