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$Sea Garden (S51.SG) $: Seatrium was formed by merging the marine and maritime divisions of Sembcorp Marine and Keppel. On Investor Day, it set a goal of quadrupling its profit before interest, tax, depreciation and amortization to more than $1 billion by FY2028. The company aims to achieve this by maintaining the delivery of its traditional projects, increasing profit margins, and optimizing its cost and asset base. It has identified $300 million in annual synergies and cost savings through standardized pricing with customers and reduced administrative expenses, and aims to save $200 million in procurement by managing a more effective supply chain. Seatrium's order volume is approximately $16.2 billion, and the goal is to win a share of the $500 billion potential market from the “energy trilemma” over the next five years.
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