Seatrium's Order Outlook for 2024 Seems Bullish -- Market Talk
0304 GMT - Seatrium's order outlook for 2024 seems bullish, UOB Kay Hian analyst Adrian Loh says in a research note as the brokerage maintains the stock's buy rating. With commercial talks underway for Petrobras' two floating production storage and offloading vessels, the Singapore-listed integrated shipyard is still in the running to garner at least one or possibly both orders, the analyst says. However, the brokerage lowers its net profit estimates for Seatrium by 8% for 2024 and 6% for 2025 to reflect its lower gross-profit-margin and higher interest-cost assumptions. It also trims the target price to S$0.151 from S$0.190. Shares are 1.15% higher at S$0.088.
$S&P 500(.SPX)$ zim moment did not good. This may drag till end of January 2024. Well see if Sea issues settle, consider majority carrier will raise the freight. Then people will more afraid.
The Israel-Palestine conflict has been going on so for long. The roots of the conflict established since 1948. This conflict has claimed thousands of lives . This impact is global oil prices climbed to 4% over fears that the attack could escalate into oil production nation. Market already very weak and come again this war. I did not see recovery will soon happen, just hope please quickly end the war. People are dying, trade like no mood. Life is too short to complain, pray 🙏 hard stop the war.