Seatrium has emerged as the top performer in the Straits Times Index (STI) for 2025, achieving a 10.6% price gain by 25 February.
This surge follows the company’s announcement of a S$200m underlying net profit for FY24, a significant turnaround from a S$28m loss in FY23. The engineering services provider attributes its success to robust project execution and increased business activity, alongside cost optimisation and restructuring efforts.
Seatrium’s strategic focus on building a resilient and diversified portfolio is part of a broader trend among STI companies. Singapore Telecommunications (Singtel) and Sembcorp Industries are also undergoing strategic transformations. Singtel’s ST28 strategy aims to enhance customer experiences and shareholder value, leveraging a capital recycling programme that has already monetised S$8b in assets. Meanwhile, CapitaLand Investment is transitioning into a global real estate investment management company, targeting S$200b in funds under management by 2028.
These strategic pivots are crucial for companies aiming to build adaptable business models that can withstand economic fluctuations. By diversifying product lines and entering new markets, businesses can reduce reliance on single revenue streams and tap into new growth opportunities. Additionally, investing in technology and innovation helps maintain competitiveness and efficiency.
As these companies continue to implement their strategic plans, they are likely to strengthen their balance sheets and enhance shareholder value, positioning themselves for sustained growth in the long term.
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