WSJ转述CGSI上调Seatrium 2026年接单预测至60亿新元

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0603 GMT – Seatrium’s order wins could hit 6.0 billion Singapore dollars in 2026, say CGS International’s Meghana Kande and Lim Siew Khee, raising their estimate from S$4.3 billion.The Singapore offshore and marine company’s letter of intent with Golar LNG for a third floating liquefied natural gas conversion project, alongside the potential for further gas-related orders, should support this target, they say in a note. The analysts raise their 2026-2028 earnings per share estimates by 1.0%-8.0% to reflect potentially higher order wins, lower expenses and reduced interest costs. CGSI raises its target price to S$2.60 from S$2.52 and maintains an add rating. Shares gain 2.4% to S$2.14. (megan.cheah@wsj.com)

0602 GMT – European oil companies continue to benefit from Strait of Hormuz disruption and refining margins at near record highs. Attacks on Russian refineries continue to put pressure on the international refining system, which is already operating at high utilization levels to offset Middle East disruption, Jefferies analysts say. The U.S. bank raises net income estimates for the companies by 5% after strong second-quarter results and higher Brent crude assumptions. (adam.whittaker@wsj.com)

0048 GMT – Woodside Energy’s 1H result may have been well signaled in advance, but it still created several questions for Jarden. Woodside reported an underlying profit of US$1.33 billion, beating Jarden’s estimate by 1%. Analyst Nik Burns expects the focus to be on Woodside’s business review. Woodside plans to strip out US$350 million of costs, leading Jarden to seek detail on the composition of that program. Woodside also will carry out a strategic review of its Beaumont New Ammonia project in Texas. Jarden ponders whether this implies the likely sale and exit from the asset. It had an overweight call and A$32.20 price target on Woodside ahead of the result. Woodside is up 2.4% to A$34.29. (david.winning@wsj.com; @dwinningWSJ)

0037 GMT – Viva Energy’s refinery operation is being supported by the Middle East conflict, but the company isn’t doing as well as rival Ampol in capturing the tailwind to margins. Viva Energy said its refining margin was US$20.70 per barrel in July. That was below the US$27.11 per barrel reported by Ampol yesterday for the same month. Jefferies analyst Michael Simotas attributes the difference to the fire at Viva Energy’s Geelong refinery in April, which curbed some production. Jefferies also says Viva Energy needs to articulate the earnings base of its Convenience Retail business. “We believe Ampol is a better way to play the sector,” it says. Viva Energy is down 3.0% at A$2.765. (david.winning@wsj.com; @dwinningWSJ)

Oil edges higher as traders assess the U.S.’ new measures against Iran. Treasury Secretary Bessent said the U.S. is launching a new campaign to isolate Iran. Bessent said the U.S. was sanctioning more than 60 entities, individuals and vessels across the world. “China is the key,” Rystad Energy’s Jorge Leon says in an email. “Iranian crude exports have already fallen sharply because of the blockade, and Beijing is essentially the only significant buyer left,” the senior vice president and head of geopolitical analysis says. “Unless China materially reduces purchases further, the additional impact on Iranian oil revenues could be relatively limited,” Leon adds. Front-month WTI crude oil futures are 0.2% higher at $85.20 per barrel. (ronnie.harui@wsj.com)

2119 GMT – Increased scrutiny of artificial-intelligence data centers by state governments creates opportunities for electricity utilities that can overcome political hurdles and independent power producers that can build projects, according to industry analysts at Siebert Williams Shank. “Greater political scrutiny may reduce realized [AI-driven power demand], delay timing and raise execution risk, but data centers that survive may place greater value on electricity physically deliverable at their location,” the financial-services firm’s analysts say in a report. This will reward power producers that can move beyond their traditional operator role and become developers of bespoke projects, the analysts say. “For utilities, the opportunity remains substantial, but the risk-sharing model is changing,” they add. “Rising political concerns around the socialization of AI specific infrastructure and risks increase the need for cost allocation frameworks.” (luis.garcia@wsj.com; @lhvgarcia)

1358 GMT – Another rise in the U.K. energy price cap would more than offset Prime Minister Andy Burnham’s move to cut tax on electricity bills, Thomas Pugh at RSM UK says in a note. Ofgem, the country’s energy regulator, is expected to increase the price cap in October. This is likely to have a limited impact on headline inflation. “Ofgem’s price cap is based on typical use for dual-fuel households, but some households will only use electricity, where prices will probably fall,” Pugh says. But risks of higher energy inflation remain going into 2027. European gas storage is at a 10-year low, which could lift wholesale prices, Pugh says. “That would push household bills much higher in January, keeping inflation sticky in 2027.” (don.forbes@wsj.com)