190.80MMarket Cap16.88P/E (TTM)
0.137High0.127Low3.46MVolume0.130Open0.130Pre Close458.94KTurnover0.23552wk High1.10%Turnover Ratio1.41BShares0.09052wk Low0.008EPS TTM42.26MFloat Cap1.587Historical High15.00P/E (Static)313.07MShs Float0.045Historical Low0.009EPS LYR7.69%Amplitude--Dividend TTM0.81P/B100Lot Size--Div YieldTTM
Mermaid Maritime Stock Forum
Mermaid may rise if Nam Cheong continues to rise. Support around 0.132-0.133.
$NamCheong (1MZ.SG)$ $Beng Kuang (BEZ.SG)$ $PacificRadiance (RXS.SG)$
Mermaid Maritime is a leading international subsea and offshore drilling services company for major oil and gas companies or their contractors. Mermaid's corporate headquarters is in Thailand and it has operational bases in Southeast Asia, the Middle east and the North Sea. Mermaid commenced operations in 1983 and was listed on the Singapore Exchange in 2007.
Mermaid Maritime rides on trends in offshore oil and gas, shift towards renewables
$NamCheong (1MZ.SG)$
$Mermaid Maritime (DU4.SG)$
CGS Intl reiterate their Add call, with a lower TP of S$0.16 from S$0.20 on reduced net profit expectations. Key catalyst: announcement of new order wins.
3Q24 revenue was down slightly qoq on completion of decommissioning contracts in the UK and Thailand, partially offset by stronger cable-laying.
We broadly maintain FY24F-26F gross margin estimates but reduce revenue forecasts on lower fleet utilisation and decommissioning order assumptions.
Excluding forex loss of U...
Mermaid may fall to support around 0.115.
$NamCheong (1MZ.SG)$ $Beng Kuang (BEZ.SG)$ $PacificRadiance (RXS.SG)$
Mermaid rebounded at 0.132 as expected.
Nam Cheong may fall to around 0.335 before rebounding.
Mermaid may fall to around 0.132 before rebounding.
$Beng Kuang (BEZ.SG)$ $PacificRadiance (RXS.SG)$
OSV players
$Beng Kuang (BEZ.SG)$
Beng Kuang Marine is set to exit from the watch-list on Oct 15. It may celebrate by rallying.
$NamCheong (1MZ.SG)$ $PacificRadiance (RXS.SG)$ $Mermaid Maritime (DU4.SG)$
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