0313 GMT - Seatrium's contract flows remain the key catalyst for its shares, but these appear relatively slow in the absence of major sizable projects in the first five months of the year, says DBS Group Research's Pei Hwa Ho in a note. The Singapore offshore and marine company has only secured some repair and upgrade jobs so far this year, she notes. Still, its order outlook remains somewhat bright, thanks to a sizable pipeline worth over 28 billion Singapore dollars for the next 24 months, she says. DBS retains its buy rating and S$3.00 target price. Shares fall 1.8% to S$2.13. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 28, 2026 23:13 ET (03:13 GMT)
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