Seatrium Ltd
5E2: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 3.88 | Zwqdg | Ghyjmjr |
Seatrium: Strategic Business Review Focuses on Growth Roadmap, but Shares Fairly Valued
We keep Seatrium’s (formerly Sembcorp Marine) fair value estimate at SGD 0.12 following its first-quarter 2023 business update. We think the firm is fairly valued currently, and we believe upside will need to be driven by significant new order wins and better-than-expected synergies generated from the merger with Keppel Offshore &Marine.