Singapore Stock Market News
Vard Holdings - Challenging Times
StockFanatic
Publish date: Fri, 26 Jun 2015, 12:04 PM
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Though the share price has corrected sharply over the last 12 months, we believe sentiment may continue to be affected by further losses in the Brazilian yards, as well as lack of order wins. Vard is a high-end OSV builder and customers may not be willing to invest in specialised vessels for deepwater applications unless oil price moves towards US$100/bbl again, which does not seem likely in the near to medium term.
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