Should I buy Sembcorp Marine stock in 2025?

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At HelloSafe, our specialist has been monitoring the performance of Sembcorp Marine for over three years. Each month, thousands of users in Singapore rely on us to interpret market trends and uncover the most promising investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by Sembcorp Marine.

What is Sembcorp Marine ?

How much is Sembcorp Marine stock?

The price of Sembcorp Marine stock is rising this week. As of now, the stock sits at SGD 2.03, up 1.00% over the past 24 hours and showing a strong weekly gain of 5.18%.

The beta of 1.29 reflects slightly higher volatility than the market average. Investors should note that while momentum is positive and order books are robust, the high valuation suggests potential for both growth and near-term price swings.

Our full analysis on Sembcorp Marine stock

We have reviewed Seatrium Limited’s (formerly Sembcorp Marine) most recent financial results alongside its stock performance over the last three years, leveraging proprietary analysis combining fundamental ratios, technical market signals, trading volumes, and industry benchmarking. Drawing on multiple, up-to-date data sources and our own sector algorithms, we identify key turning points and growth vectors that set the stage for renewed investor interest. So, why might Seatrium stock present a compelling entry point for exposure to the offshore & marine engineering revolution in 2025?

Recent Performance and Market Context

Seatrium has demonstrated notable resilience and momentum in recent periods, with its share price at SGD 2.03 as of May 10, 2025—up 1.00% in a single session, 5.18% over the past week, 3.05% over six months, and an impressive 6.84% on a one-year view. This steady yet robust appreciation reflects a confluence of positive developments, including the company’s historic return to profitability in FY2024 after several years of losses.

The business backdrop is equally favorable. Seatrium’s successful merger with Keppel Offshore & Marine in 2023 catalysed a step-change in strategic focus and operational breadth, redefining its addressable markets in both traditional oil & gas and emerging renewable energy segments. Concurrently, continued high oil prices, brisk demand for offshore wind infrastructure, and the Asia-Pacific region’s decarbonization drive create an exceptionally supportive macroeconomic landscape.

Recent news flow has only added fuel: fresh contract wins in advanced offshore wind solutions, a record SGD 23.2 billion net order book, and ABS approval for a cutting-edge 15MW floating wind turbine platform. Each event reinforces Seatrium’s status as a sector champion, while the 34% renewable share of its order book highlights its future-facing transformation.

Technical Analysis

Current price action and technical structure for Seatrium skew strongly to the upside, signaling a market possibly at the dawn of a new bullish cycle.

• Momentum Metrics: The RSI (14) sits at 63.99—just below the overbought threshold, signalling continued buying interest without exuberance. The MACD (12,26,9) registers a positive 0.013, confirming sustained bullish traction.
• Moving Averages: The 20-day, 50-day, 100-day, and 200-day moving averages (all below current price) confirm a vigorous uptrend. Notably, the 20-day MA at SGD 2.01 and the 200-day at SGD 1.90 provide robust support.
• Key Levels: Immediate support is evident at SGD 1.99, with resistance at SGD 2.024—both markers tightly clustered around current levels, suggesting a base for further upside.
• Technical Condition: Eight key technical signals, together with twelve dominant moving averages, combine for a “Strong Buy” consensus on major trading platforms.

These metrics collectively present a technical tableau that seems to favour accumulation phases for medium- and long-term investors, while also offering tactical entry points for short-term participants keen to position ahead of catalyst events such as mid-year earnings.

Fundamental Analysis

The fundamental case for Seatrium is as compelling as the technical one, underpinned by both financial turnaround and strategic transformation.

• Revenue and Profitability: FY2024 saw revenue leap by 27% YoY to SGD 9.23 billion, far surpassing market expectations. EBITDA surged to SGD 627 million (from SGD 236 million), while a net profit of SGD 157 million reversed years of losses and marked the first black-ink result since 2017. Underlying net profit, at SGD 200 million, further attests to operational health.
• Valuation: The trailing P/E of 43.58 reflects the market’s confidence in forward growth; with a forward P/E of 16.67, valuation metrics are expected to normalize on continued profit delivery. The price-to-book ratio of 1.07 remains conservative, especially when compared to peers in the energy engineering domain.
• Balance Sheet & Capital Structure: Leverage has been reduced, with a prudent Debt/Equity ratio of 49.29% supporting financial flexibility for capex and M&A activity.

Structural and Strategic Strengths:

• Seatrium’s One Global Delivery Model enables a uniquely integrated project execution capability—vital for mega-scale, global infrastructure contracts.
• Innovation is front-and-centre, from carbon capture and storage (CCS) to proprietary floating wind solutions.
• With two-thirds of global jack-up rigs based on Seatrium designs, the company wields formidable intellectual property and entrenched market share.
• Recent above-consensus earnings and robust EPS (SGD 0.04) cement the narrative of transformation.

Combined, these elements underpin a growth trajectory that appears both structurally and cyclically attractive, justifying enhanced scrutiny from investors looking for sustained earnings expansion and tangible turnaround stories.

Volume and Liquidity

Liquidity and trading volume serve as healthy proxies for institutional interest and market discoverability. Seatrium maintains an average daily trading volume of 572,000 shares over the last three months—a robust figure for an SGX-listed mid-to-large cap.

• Order Book Depth: The SGD 23.2 billion backlog provides revenue visibility deep into the next decade, serving as ballast for further price re-rating.
• Free Float and Institutional Interest: The sizable float ensures efficient price discovery and facilitates large block trades, while a rising tide of institutional accumulation encourages confidence in valuation.
• Beta: At 1.29, Seatrium’s stock beta indicates volatility above the market average, suggesting that positive sector trends can translate rapidly into capital appreciation—making it particularly enticing for active investors.

With strong trading activity underpinned by contract announcements and orderbook news, market depth and liquidity are supportive of dynamic valuation multiple expansion—another factor reinforcing the case for timely entry.

Catalysts and Positive Outlook

The outlook for Seatrium is undergirded by a potent blend of tactical catalysts and strategic tailwinds poised to unlock shareholder value in both the near and longer term:

• Contract Flow: The company’s rapid-fire contract wins—from next-generation renewables to legacy oil & gas upgrades—project resilient top-line growth.
• ESG and Energy Transition: With 34% of its order book now derived from renewables and LNG or hydrogen initiatives, Seatrium is structurally aligned with global decarbonization policies, enabling access to premium project margins and “green” financing.
• Innovation: Approval for the 15MW floating offshore wind platform by ABS signals cutting-edge engineering, while a high-profile 5,000-ton lift vessel for Japan’s wind sector showcases R&D prowess and international market reach.
• Geographic Diversification: Expansion into the Middle East via its new Saudi Arabian office extends the revenue base and hedges against single-market risks.
• Event Catalysts: The next earnings release (H1 2025, due July 25th), further dividend growth, and ongoing merger synergies can all serve as inflection points.
• Fundamental Upgrades: Having returned to profit and beat expectations, additional upgrades from brokers and index providers could prompt re-ratings.

These combined drivers create a uniquely favorable environment, positioning Seatrium for accelerated revaluation at a time when global energy infrastructure is reinventing itself.

Investment Strategies

Seatrium seems to offer layered entry opportunities for a broad spectrum of investment styles:

• Short-Term: Positive technical momentum and upcoming catalysts (notably the H1 2025 results) establish the foundation for active trading strategies. Proximity to strong support (SGD 1.99) limits downside, while bullish signals and news flow provide potent upside triggers.
• Medium-Term: The firm’s record order book, combined with operational discipline, re-rating toward forward P/E normalization, and sector upgrades pave the way for attractive swing trades and tactical positions.
• Long-Term: Seatrium’s strategic investments in renewables, global delivery platforms, and energy transition solutions provide deep revenue visibility and multi-year growth optionality, aligning well with ESG trends and global capital rotation.

The confluence of technical support, earnings momentum, a growing dividend, and robust market liquidity seems to affirm excellent positioning ahead of both operational and thematic catalysts.

Is it the Right Time to Buy Seatrium (Sembcorp Marine)?

To summarise, Seatrium Limited stands at the confluence of powerful sectoral change and internal transformation:

• Returned decisively to profitability, with record revenue and EBITDA growth far exceeding analyst expectations.
• Demonstrates operating leverage, strategic delivery and innovation—capable of capturing growth in both legacy and new-economy projects.
• Is supported by bullish technical readings and sustained trading volume, reflecting institutional confidence and a potential re-rating cycle.
• Benefits from a robust, diversified order book that assures revenue visibility through 2031, with significant tilt toward the fast-growing renewables sector.
• Recent catalysts—ranging from contract wins to engineering breakthroughs—signal the possibility of a new bullish phase, with the upcoming earnings date and dividend payment strengthening the investment narrative.

While vigilance regarding macro risks (notably geopolitical volatility and valuation normalization) remains essential, the evidence increasingly suggests that Seatrium stock may be entering an era of renewed growth and value creation. With a powerful blend of financial, technical, and strategic strengths, the fundamentals justify renewed interest—and Seatrium seems to represent an excellent opportunity for investors seeking forward-looking exposure to the offshore & marine engineering sector’s global evolution.

In this context, Seatrium represents an investment story defined by transformation, innovation, and operational execution—an ideal candidate for serious consideration by investors committed to capturing the upside potential of tomorrow’s energy landscape.

How to buy Sembcorp Marine stock in Singapore?

Buying shares in Sembcorp Marine (now Seatrium Limited) online is secure and straightforward for Singaporean investors, thanks to MAS-regulated brokers offering intuitive trading platforms. You can choose between two main methods: spot buying (“cash” purchase of real shares) or trading via Contracts for Difference (CFDs) that track the stock’s price. Each method offers different potential, suited to varied investment objectives. To help you decide, we’ve included a detailed broker comparison further down this page.

Spot Buying

A cash purchase means you become the direct owner of Sembcorp Marine (Seatrium) shares on the Singapore Exchange (SGX), qualifying you for dividends and voting rights. Most Singapore brokers charge a fixed commission per trade, usually around SGD 5–10 per order.

Example

Suppose the Sembcorp Marine share price is SGD 2.03. With a SGD 1,000 stake and a brokerage fee of about SGD 5, you can buy roughly 490 shares (SGD 995.70 + SGD 5 commission ≈ SGD 1,000 total).

• Gain scenario: If the share price rises by 10% (from SGD 2.03 to SGD 2.23), your holdings would be worth approximately SGD 1,100.
  Result: +SGD 100 gross gain, or +10% on your original stake.

Trading via CFD

CFDs (Contracts for Difference) allow you to speculate on the rise or fall of Sembcorp Marine’s share price without owning the stock. CFD trading is often used for short-term strategies and offers leverage, which magnifies both gains and losses. Instead of fixed brokerage fees, you pay the spread (the difference between buy and sell price) and may incur overnight financing costs if you hold your position beyond a trading day.

Example

With a SGD 1,000 deposit and 5x leverage, you open a CFD position on Sembcorp Marine shares for a market exposure of SGD 5,000.

• Gain scenario: If the share price climbs by 8%, your position gains 8% × 5 = 40%.
  Result: +SGD 400, based on your original SGD 1,000 (excluding spread and any overnight fees).

Final Advice

Before investing, it’s essential to compare brokers’ fees, platform features, and terms for both spot buying and CFD trading. Each method has its pros and cons, so your choice should be based on your investment horizon, risk appetite, and strategy. For a full comparison of leading Singapore brokers suited to every style, see the table below. Remember: informed decisions are the key to successful investing.

Our 7 tips for buying Sembcorp Marine stock

The latest news about Sembcorp Marine

Seatrium (formerly Sembcorp Marine) stock gained over 5% this past week, outperforming the local index. In the past seven days, Seatrium’s stock price climbed +5.18%, buoyed by strong earnings momentum, outperforming the Singapore Exchange (SGX) benchmark and continuing a positive year-to-date trend. Trading volumes have remained robust, averaging 572,000 shares daily over the past three months, reflecting persistent investor interest among Singapore-based participants. The price now sits at SGD 2.03, just above its key resistance, lending further weight to a bullish technical outlook.

The company reported its first annual profit since 2017 and exceeded analyst expectations for FY2024. For the financial year ending December 2024, Seatrium delivered revenue of SGD 9.23 billion—a 27% year-on-year jump—and a net profit of SGD 157 million, reversing last year’s net loss of SGD 2.0 billion. Underlying net profit came in at SGD 200 million, also a marked turnaround. Significantly, these results topped market forecasts, with revenue surpassing consensus estimates by more than SGD 1 billion. This financial recovery, highlighted in official filings and earnings calls, signals not only operational normalization post-merger but renewed confidence among Singaporean institutional investors.

SGX technical signals all indicate a strong buy, with price action decisively bullish across all major timeframes. As of May 10, 2025, the stock trades above its 20-, 50-, 100-, and 200-day moving averages, each supporting bullish sentiment. Momentum indicators on SGX, including RSI (at 63.99) and MACD, reinforce a buy recommendation, supported by eight out of eight major technical indicators and all twelve tracked moving averages. With the current price above the key SGD 2.010–2.024 resistance zone, market technicians in Singapore are particularly upbeat on near-term upside, lending further technical endorsement for positive sentiment.

Seatrium secured regulatory approval for a new 15MW floating wind turbine design, signaling leadership in green energy. In early May 2025, the company received American Bureau of Shipping (ABS) approval for their innovative floating offshore wind solution. This move aligns with Singapore’s strategic push for regional decarbonization and renewables expansion. Notably, 34% of Seatrium’s SGD 23.2 billion order book now derives from renewable and clean energy projects. The news has been well received by local ESG-focused funds and observers, offering long-range support to sentiment around the company’s transition from oil & gas towards greener revenue streams.

Dividend optimism grows as Seatrium proposes its first payout since the merger, with AGM approval expected soon. The company’s board has proposed a SGD 0.015 per share dividend, subject to approval at the April 2025 AGM, with payment scheduled for May 19, 2025. This marks Seatrium’s first post-merger dividend signal, underlining improving cash flows, a stabilizing balance sheet, and shareholder value focus. Such positive developments have resonated with Singapore-based institutional investors, many of whom prioritize income generation alongside capital growth—further strengthening the stock’s local appeal.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.