Seatrium

Short timeline prevents them from remaining in experimental stage indefinitely

UOBKH downgrades Seatrium to ‘hold’ from ‘buy’, lowers its target price to S$2.30

The company – which sees Africa and Apac among its growth markets – will launch a new share buyback programme

Company says it expects to report ‘material year-on-year improvement in net profit’ for H1

This is on the back of divestment gains and progressive margin improvements, says the company

The company’s order book stands at S$15.5 billion as at end-March

This is the first deferred prosecution agreement approved by the Singapore court that involves a corporate entity

Net proceeds will be used to refinance existing borrowings and fund potential acquisitions, among others

It is replenishing its order book with more than S$32 billion in pipeline deals over the next 24 months