Mermaid Maritime - Things Are Going Swimmingly | I3investor

Blogs Headlines

Singapore Stock Market News

Mermaid Maritime - Things Are Going Swimmingly

StockFanatic

Publish date: Fri, 03 Jan 2014, 11:13 PM

Growth story in the making; initiate with BUY. We initiate coverage of Mermaid Maritime with a BUY and TP of SGD0.61, implying a 20% upside. Earnings should remain robust in FY9/14E, buoyed by a USD650m orderbook (including an unrecognised portion of a USD530m Saudi Aramco subsea contract), which practically guarantees a diluted EPS growth of 212%.

But the larger investment case is Mermaid's potential evolvement into an integrated oilfield services player a la Malaysia's SapuraKencana, which the market has yet to price in.

More articles on Singapore Stock Market News

Market Commentary: Record highs on trade, vaccine developments

Created by StockFanatic | Aug 26, 2020

Market Commentary: Record highs on trade, vaccine developments

Created by StockFanatic | Aug 26, 2020

Market Commentary: Data help US market end week on a high note

Created by StockFanatic | Aug 24, 2020

Market Commentary: Data help US market end week on a high note

Created by StockFanatic | Aug 24, 2020

Market Commentary: And they are back, with S&P within inches of record high close

Created by StockFanatic | Aug 13, 2020

Market Commentary: And they are back, with S&P within inches of record high close

Created by StockFanatic | Aug 13, 2020

Market Commentary: Winning streak snaps

Created by StockFanatic | Aug 12, 2020

Market Commentary: Winning streak snaps

Created by StockFanatic | Aug 12, 2020

Market Commentary: US negotiations over stimulus continue amid diplomatic tensions

Created by StockFanatic | Aug 11, 2020

Market Commentary: US negotiations over stimulus continue amid diplomatic tensions

Created by StockFanatic | Aug 11, 2020

Discussions

Be the first to like this. Showing 0 of 0 comments

Post a Comment

Featured Posts

MQ Chat

New Update. Discover investment communities that resonate with your ideas

VCPlus

Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!

Latest Videos

M & A Value Partners IPO Equity Fund

0:43

M & A Value Partners IPO Equity Fund

MQ Trader 6273 views | 2 mo ago

MQ Market Updates - 20 September 2024

0:15

MQ Market Updates - 20 September 2024

MQ Trader 156 views | 2 d ago

MQ Market Updates - 19 September 2024

0:16

MQ Market Updates - 19 September 2024

MQ Trader 208 views | 3 d ago

MQ Market Updates - 18 September 2024

0:15

MQ Market Updates - 18 September 2024

MQ Trader 268 views | 4 d ago

MQ Market Updates - 17 September 2024

0:16

MQ Market Updates - 17 September 2024

MQ Trader 394 views | 5 d ago

Apps

Send individual or group chats with anyone on i3investor

Earn MQ Points while trading with MQ Trader

MQ Affiliate

Earn side income from Affiliate Program

Online learning and teaching marketplace

Top Articles

1

CEO Morning Brief

Singapore Swap Rates Set to Narrow Gap With US as MAS Shift Seen

2

CEO Morning Brief

Grand Venture Technology - Recovery on the Cards

3

RHB Investment Research Reports

APAC Realty - Turnaround in Sight; Upgrade to BUY

4

RHB Investment Research Reports

ST Engineering - Rolling Forward Our Valuation; Reiterate BUY

5

SGX Market Dialogues

Kopi-C With GuocoLand’s Group CEO: ‘We Have Twin Engines for Growth’

Hot Stocks Today >

1

1000

2

DBS Group Holdings Ltd

310

3

Oversea-Chinese Banking Corporation Ltd

255

4

Singapore Telecommunications Ltd

238

5

United Overseas Bank Ltd

226

6

Mapletree Ind Tr

Mapletree Industrial Trust

225

7

CapLand Ascendas REIT

Ascendas Real Estate Investment Trust

223

8

CapLand IntCom T

222

9

Singapore Airlines Ltd

202

10

Mapletree PanAsia Com Tr

Mapletree Pan Asia Commercial Trust

202

Daily Stocks

0.008

0.00

98,419,600

CapLand IntCom T

2.10

-0.06

57,755,600

HPH Trust USD

0.126

-0.004

53,998,224

CapitaLandInvest

2.93

-0.12

53,976,700

OUE Com Reit

0.325

+0.005

43,664,900

0.48

+0.01

42,400,157

3.40

+0.02

40,915,200

Frasers L&C Tr

1.15

-0.03

39,909,100

Mapletree PanAsia Com Tr

1.45

-0.06

34,044,600

CapLand Ascendas REIT

2.86

-0.10

33,106,800

More active Stocks

311.99

+3.24

2,396

241.20

+1.80

9,652

SPDR S&P500 US$

571.80

+1.80

337

Nasdaq 7xLongSG260226

10.45

+1.595

1,000

Nasdaq 7xLongUB250922

9.27

+1.383

200

XT Vietnam US$

26.49

+0.54

2,339

39.00

+0.50

7,302,968

DBS 5xLongUB250530

6.76

+0.473

8,300

XT MSCHINA US$

13.69

+0.43

1,300

Meituan 5xLongUB251128

5.32

+0.386

32,600

More gainer Stocks

37.50

-0.49

439,678

Sands 5xShortSG250320

1.645

-0.364

2,000

Jardine C&C

27.61

-0.22

2,229,100

5.35

-0.17

5,240,239

5.54

-0.15

2,507,600

CapitaLandInvest

2.93

-0.12

53,976,700

XT SingGovBond SG$

155.27

-0.12

820

11.25

-0.11

3,931,900

CapLand Ascendas REIT

2.86

-0.10

33,106,800

Mapletree Ind Tr

2.45

-0.10

22,494,800

More loser Stocks

Featured Advertisers / Partners

Top Brokers >

1

CGS-CIMB Securities

2

Citibank Brokerage

3

DBS Vickers

4

iFAST Financial Pte Ltd (FSMone)

5

KGI Securities

Books Review >

Ride The Bull Short The Bear

CS Tan

4.9 / 5.0

This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....