Mercator Lines

Re: Mercator Lines

Postby winston » Wed Feb 02, 2011 11:02 am

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RESEARCH ALERT- Phillip cuts Mercator Lines target to S$0.28

SINGAPORE, Feb 2 (Reuters) - Phillip Securities has cut its target price for Singapore's Mercator Lines to S$0.28 from S$0.32 and kept its "hold" rating.

STATEMENT: Phillip has cut its estimates for Mercator due to its worse-than-expected quarterly earnings and weak dry bulk shipping rates as a result of floods in Australia.

Mercator reported its October-December net-profit fell 32 percent to $5.09 million from $7.53 million a year earlier, hit by higher expenses.

"It is anticipated that it may take several months before the situation in Australia improves and mines reopen. New vessels continue to enter the shipping market and cause an overcapacity," said Phillip in a report.

At 0242 GMT, shares of Mercator were flat at S$0.26 and have fallen 3.7 percent so far this year.


Source: Reuters
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Re: Mercator Lines

Postby winston » Wed Nov 02, 2011 8:34 am

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Mercator Lines (Singapore) said on Tuesday lower freight rates and trade volume pulled down its second quarter net 83 percent, sending shares of its Indian parent Mercator Lines Ltd down 5.7 percent in a weak Mumbai market.

Source: Reuters
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Re: Mercator Lines

Postby behappyalways » Mon Jul 27, 2015 4:41 pm

Mercator Lines hit with $13.6m loss in Q1
http://sbr.com.sg/shipping-marine/more- ... loss-in-q1
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Re: Mercator Lines

Postby behappyalways » Mon Sep 14, 2015 2:58 pm

Debt-ridden Mercator Lines rejects proposed judicial management move
http://sbr.com.sg/shipping-marine/more- ... ement-move
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Re: Mercator Lines

Postby behappyalways » Mon Dec 28, 2015 12:26 pm

Singapore's Mercator Forced to Sell Three Bulkers to Service Debt
http://shipandbunker.com/news/world/949 ... rvice-debt
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Re: Mercator Lines

Postby behappyalways » Thu Feb 11, 2016 11:38 am

Mercator Sells Singapore-Based Dry Bulk Carrier Subsidiary for Three Dollars
http://shipandbunker.com/news/world/490 ... ee-dollars
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