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Seatrium Limited ( (SG:5E2) ) has issued an update.
Seatrium Limited announced the divestment of its AmFELS Yard in Brownsville, Texas, for S$65 million to Karpower Valley LLC, a related party of Karpowership. This strategic move aims to enhance Seatrium’s capital and operational efficiencies while maintaining its commitment to the U.S. market through a focus on engineering innovation and technology capabilities in other locations. The divestment is expected to unlock value from surplus facilities and ensure a smooth transition for ongoing projects, with completion anticipated by the end of 2025.
The most recent analyst rating on (SG:5E2) stock is a Buy with a S$3.05 price target. To see the full list of analyst forecasts on Seatrium Limited stock, see the SG:5E2 Stock Forecast page.
More about Seatrium Limited
Seatrium Limited operates in the offshore and energy sectors, providing engineering and technology solutions. The company focuses on delivering world-class services to its global customers, leveraging its integrated One Seatrium Delivery Model.
Average Trading Volume: 10,568,573
Technical Sentiment Signal: Buy
Current Market Cap: S$7.98B
For a thorough assessment of 5E2 stock, go to TipRanks’ Stock Analysis page.