$Mermaid Maritime (DU4.SG)$ Mermaid may bottom around the 0....

Mermaid may bottom around the 0.132-0.133 support. The MA200 also provided support. It may rally once it breaks out of the downtrend line and the resistance around 0.15.

The net profit in 2Q2024 dropped by 9.4% YoY due to higher in-planned financial cost. This cost may be one-off. The net profit may be higher going forward.