Seatrium Ltd shares surged by 3.26% in pre-market trading on Monday, reflecting renewed investor confidence in the company’s long-term growth prospects. The upward movement highlights market optimism around the company's ability to secure new contracts amid favorable energy sector tailwinds.

According to a research note from Maybank Research, the stock’s positive momentum is being driven by a debate shifting toward the company’s future order wins. The analysis highlights that energy tailwinds are supporting a robust long-term order pipeline, while the transition of Petrobras’ build-to-order (BTO) contracts remains a key watchpoint. Maybank maintained a “BUY” rating on Seatrium, though trimmed its target price due to a slower-than-expected order intake pace.

The report underscores that despite near-term adjustments, the strong underlying demand in the offshore and marine sector continues to provide a solid foundation for Seatrium’s order book, fueling the pre-market rally.