0258 GMT - Seatrium's order wins are likely to remain the focus for investors in 2H given muted first-half figures, says Morningstar's Chokwai Lee in a note. The Singapore offshore and marine company's new order wins year to date totaled just over S$100 million, but it has a pipeline exceeding S$32 billion over the next 24 months, he says. The analyst thinks Seatrium's S$4.4 billion-S$8.5 billion annual order win projection through 2030 is achievable, given its pipeline and strong demand from energy security and the green transition. Higher proceeds from noncore asset divestments this year should also support the company's results, he says. Morningstar raises its fair-value estimate by 4% to S$2.90. Shares drop 1.4% to S$2.18.
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