Mermaid Maritime (MMT)

“We think the recent share price weakness is a buying opportunity as Mermaid Maritime continues to benefit from the tight vessel supply environment," say CGSI analysts Meghana Kande and Lim Siew Khee.

See what the analysts have to say this week.

Lim and Tan Securities initiates coverage on Mermaid Maritime with a 'buy' call and TP of 30 cents, cites multiple drivers.

See what the analysts have to say this week.

In a sign of growing revenue momentum, in 2HFY2023, MMT doubled its order book from US$337 million to US$734 million

The company entered into a loan facility agreement with SinoPac Capital International (HK) on Dec 26.

These projects are expected to contribute positively to the group’s EPS and NTA for the FY2022 and beyond.

SINGAPORE (Nov 17): DBS is maintaining its “hold” call on Mermaid Maritime with a target price of 14 cents as the group’s near-term outlook is “a mixed bag”.

SINGAPORE (Nov 13): Mermaid Maritime recorded a loss in 3Q17 of US$2.04 million ($2.77 million), compared to earnings of US$7.49 million in 3Q16.

SINGAPORE (Sept 25): Mermaid Maritime announced that its joint venture (JV) with a local offshore services operator has secured a contract extension for offshore inspection, repair and maintenance services with a national upstream oil and gas company.