Singapore Stock Market News

Mermaid Maritime - Solid results engenders confidence

StockFanatic
Publish date: Fri, 20 Nov 2015, 12:18 PM
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• Strong subsea utilisation, cable-lay contribution and discount on chartered-in fleet lift profit by 19% y-o-y

• Revising FY15/16 revenues and earnings upward to account for stronger-than-expected performance

• Contract wins and M&A could provide catalysts

Maintain BUY with TP of S$0.27
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