With COVID-19 all but the past, it is still unbelievable that tourism stocks are still trading at their pandemic lows. Even though Sats Ltd (SGX: S58) rode on the recovery tailwind, its share prices crashed down after the S$1.64B acquisition plan of Worldwide Flight Services became public. It has since languished below S$ 3 per …
Record order book size of S$25.8 billion Seatrium (SGX:5E2) has won an order amounting to S$11 billion from Petrobras for two Floating Production Storage and Offloading vessels (FPSO) platforms. Petrobras is the major shareholder and operator of these two FPSOs. Minority shareholders with stakes in these FPSOs include Shell and TotalEnergies for one platform, and …