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DBS keeps 'buy' call and $3 target price on Seatrium following latest contract win.

DBS Group Research has kept its 'buy' call and $3 target price on Seatrium after the company announced it has won a heavy lift vessel contract from Japan's Penta-Ocean Construction. Contract was not disclosed by Seatrium. Estimated at between $600 and $700 million by DBS in Jan 28. Which will add to company's order book estimated at some $23 billion as at end of last year. POC, a leading marine contractor'll deploy vessel in the country's growing offshore wind mkt.