Singapore Stock Market News
Pacific Radiance - Hurdles in growth path
StockFanatic
Publish date: Fri, 27 Feb 2015, 06:20 PM
StockFanatic
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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.
■ 4Q14 results below, as knee jerk reaction from low oil prices depress fleet utilisation and margins
■ Subsea vessels likely to continue to be underutilised in near term - significant drag on earnings
■ Cut FY15/16F net profit by 35%/23%
■ Expect earnings to decline in FY15; downgrade to HOLD with lower TP of S$0.78
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