Mermaid Maritime

Re: Mermaid Maritime

Postby winston » Mon Oct 04, 2010 11:19 am

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RESEARCH ALERT-DBS ups Mermaid Maritime to "hold"


SINGAPORE, Oct 4 (Reuters) - DBS Vickers has upgraded Singapore's offshore marine services firm Mermaid Maritime to "hold" from "fully valued" and raised its target price to S$0.52 from S$0.32.

DBS said in a report Mermaid Maritime's stock is trading at a 60 percent discount versus its peers, based on a price-to-book basis.

"Most of the negatives have been priced in, and investors should not ignore the quality of Mermaid's subsea assets," said the broker.

However, DBS said it expected Mermaid's earnings for fiscal years 2010 and 2011 to remain weak, but projects a strong rebound in 2012.

Shares of Mermaid Maritime rose 4.4 percent to S$0.47 at 0243 GMT, but have fallen 44 percent so far this year.

Source: Reuters
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Re: Mermaid Maritime

Postby winston » Mon Jul 18, 2011 9:28 am

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RESEARCH ALERT-CIMB ups Mermaid Maritime to outperform, target S$0.49

SINGAPORE, July 18 (Reuters) - CIMB Research has upgraded Singapore-listed offshore oil and gas firm Mermaid Maritime PCL to outperform from neutral and raised its target price to S$0.49 from S$0.41.

STATEMENT: CIMB has cut its fiscal 2011 net loss forecast for Mermaid Maritime by 8 percent and raised its earnings estimate for 2013 by 114 percent to take into account higher utilisation rates and improvements in its subsea business.

"Improvements mainly stem from a shift in strategic bidding, which has led the subsea arm to tender much competitively than before," CIMB said in a report.

The brokerage said it expects Mermaid Maritime to achieve utilisation rate of 67 percent in the third quarter and 62 percent in the fourth quarter.

At 0101 GMT, shares of Mermaid Maritime were flat at S$0.34 and have fallen about 21 percent since the start of the year.


Source: Reuters
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Re: Mermaid Maritime

Postby behappyalways » Fri Sep 29, 2017 4:59 pm

mermaid-secures-contract-extension-subsea-services-middle-east-worth-129-mil
https://www.theedgesingapore.com/mermai ... th-129-mil
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Re: Mermaid Maritime

Postby behappyalways » Wed Dec 06, 2017 8:08 pm

mermaid-maritime-sinks-red-posts-3q-losses-28-mil
https://www.theedgesingapore.com/mermai ... ses-28-mil
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Re: Mermaid Maritime

Postby behappyalways » Wed Dec 20, 2017 10:14 pm

mermaid-maritime-acquire-49-stake-cambodia-company-265-mil
https://www.theedgesingapore.com/mermai ... ny-265-mil
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Re: Mermaid Maritime

Postby behappyalways » Mon Jun 25, 2018 4:08 pm

Mermaid Maritime to sell ageing barges for $5.1 mil
https://www.theedgesingapore.com/mermai ... ges-51-mil
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Re: Mermaid Maritime

Postby behappyalways » Wed Jan 01, 2020 5:46 pm

Mermaid shares swing as associate secures contract extensions worth $268 mil
https://www.theedgesingapore.com/news/c ... th-268-mil
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Re: Mermaid Maritime

Postby behappyalways » Thu Jul 21, 2022 1:23 pm

Mermaid Maritime secures multiple projects with combined value of up to US$265 mil
https://www.theedgesingapore.com/news/c ... -us265-mil
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Re: Mermaid Maritime

Postby behappyalways » Wed Aug 10, 2022 1:25 pm

Mermaid Maritime returns to profitability in 2QFY2022 due to revenue surge
https://www.theedgesingapore.com/capita ... enue-surge
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