Singapore Stock Market News
Mermaid Maritime - No replay of 2008
StockFanatic
Publish date: Tue, 02 Dec 2014, 03:59 PM
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■ Oil-price slump not equivalent to 2008 crisis, says management. Strong exposure to Middle East clients with stable demand.
■ Possible market-share gains if weaker players fail.
■ Maintain BUY & SGD0.42 TP, at 9x FY9/15E EPS. Catalysts from contract wins and firm execution.
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