Seatrium

It will allow the company to repurchase up to a maximum of 2% of its total issued shares

They are exploring new ventures just as two major oil vessels set sail for Brazil’s Buzios oil field

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