SEATRIUM LTD stock forum
5E2 Seatrium: Capturing Brazil’s Offshore Renewable Boom
Seatrium is strategically poised to ride the wave of renewable energy growth, especially in Brazil, a country with untapped offshore wind potential. With no offshore wind installations currently in place, Brazil has set ambitious plans to install 700 GW of capacity—a monumental shift toward clean energy. Industry giant Petrobras, in collaboration with Norway’s Equinor, has already unveiled offshore wind projects totaling 37.4 GW.
Seatrium’s robust track record positions it as a prime player to capitalize on this unprecedented market opportunity. Backed by UOB Kay Hian’s “BUY” recommendation, the company is priced at S$2.31 with an optimistic Price-to-Book (P/B) ratio of 1.15x, reflecting its solid future outlook and a valuation based on its projected 2025 book value of S$2.01.
The chart is turning bullish
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