Seatrium stock could rise in 2H as order book expands, per Macquarie Capital. The Singapore offshore and marine firm's contracting was low in 1H but order flow likely to pick up, driving gains. Analysts note confidence in sustaining gross profit margin expansion, reaching 9.0% in 1H, above estimates. Macquarie sees attractive risk-reward at current S$1.94 (around 0.95X price-to-book), retains neutral rating and S$2.58 target. Shares down 1.0% at S$1.99.

Macquarie lowers Amplitude Energy's uncontracted gas pricing to A$10/GJ for FY27, reflecting structural oversupply from government's 20% domestic mandate. FY26 EPS forecast trimmed 9.6%; FY27 and FY28 EPS fall 9.6% and 8.2% on lower gas prices. Macquarie rates Amplitude outperform, noting 80% of 2026 volumes contracted.

Ampol hit a two-year high amid U.S.-Iran tensions, prompting UBS to downgrade to neutral from buy on valuation. Analyst Tom Allen says stock trades at 9.3x 2027 EBIT, fair value historically. UBS sees upside risk to 2H26 refining EBITDA despite Lytton refinery's 70-day maintenance from August 1. UBS raises target 16% to A$36.65; shares closed at A$37.14.