32.26MMarket Cap133.33P/E (TTM)
0.000High0.000Low0Volume0.000Open0.400Pre Close0.00Turnover0.00452wk High0.00%Turnover Ratio80.65MShares0.00252wk Low0.003EPS TTM32.26MFloat Cap0.487Historical High133.33P/E (Static)80.65MShs Float0.002Historical Low0.003EPS LYR0.00%Amplitude--Dividend TTM-0.19P/B100Lot Size--Div YieldTTM
Nam Cheong Stock Forum
CGS CIMB reiterate their Add call, with an unchanged TP of S$0.20, based on 11x 2025F P/E.
They hosted MMT's management for a call with investors on 7 Oct 24. Postcall, they remain positive on MMT's fleet utilisation and order outlook.
Key investor questions were focused on the impact of oil prices on day rates, margin outlook and capex needs.
Management expects fleet utilisation to remain above 80% in 2025F, on the back of tight global vessel supply and higher oil pri...
The MA20 crossed over the MA50. Mermaid Maritime broke out of the 0.179 and 0.182 resistances. More upside ahead.
$Nam Cheong (N4E.SG)$
Phillip Securities has initiated coverage on Pacific Radiance with a BUY recommendation and target price of 0.06. Valuations pegged to the industry average of 8x PE. The offshore support vessel industry is enjoying a resurgence in charter rates from rising demand as global offshore capex recovers. Supply is constrained by an ageing fleet and a decline in shipyard capacity where vessel orders are only 3% of the existing fleet. Pacific Radiance is riding on higher charter...
Mermaid broke out the 0.168 resistance. It may rise to around 0.182.
$Nam Cheong (N4E.SG)$ $Beng Kuang (BEZ.SG)$ $PacificRadiance (RXS.SG)$
The stock trades at a 33% discount to global peers' 2025F P/E. CGS CIMB initiate on MMT with an Add call and TP of S$0.20, based on 11x 2025F P/E.
MMT's orderbook (OB) of US$976m, as of 2Q24, is at an 11-year high due to new decommissioning orders and renewal of IRM contracts at higher values.
Limited newbuilds over the past decade have kept global vessel supply tight, driving MMT's fleet utilisation to over 80% in 1H24, up from 50% in 2021.
They expect MMT to achieve ...
Bullish MA crossovers for Mermaid Maritime. The MA5 crossed over the MA50 and the MA100.
$Nam Cheong (N4E.SG)$ $Beng Kuang (BEZ.SG)$ $PacificRadiance (RXS.SG)$
OSV players rallying with Dyna-Mac.
$Beng Kuang (BEZ.SG)$ $Nam Cheong (N4E.SG)$ $PacificRadiance (RXS.SG)$
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