Singapore Stock Market News
Pacific Radiance - Mexico Beckons
StockFanatic
Publish date: Fri, 04 Jul 2014, 11:37 AM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Pacific Radiance has spread its wings to Mexico via a JV with a local OSV operator. Its strategy in Mexico will mirror what it has thus far achieved in Indonesia. More newbuild vessel orders have been placed since IPO. The number of vessels pending delivery has increased to about 25, of which 12 will be delivered in 2H14.
Pacific Radiance remains our top stock pick within the oilfield services sector. It offers 13% upside to our target price of S$1.55. Maintain BUY.
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