Mermaid Maritime

SINGAPORE (May 30): Mermaid Maritime has disposed of its MTR-1 barge and MTR-2 tender assist drilling rig to Star Matrix for a total of US$3.8 million ($5.1 million).

SINGAPORE (Dec 20): Mermaid Maritime has entered into an agreement to acquire a 49% interest in Cambodian company PTGC Co. for US$19.7 million ($26.5 million).

SINGAPORE (Nov 16): CIMB is maintaining its “reduce” call on Mermaid Maritime with a target price of 14 cents, as the group’s 3Q17 results were largely below expectations.

SINGAPORE (Sept 14): Mermaid Maritime announced Thursday that it has won a long-term submarine cable survey contract in the Middle East worth an estimated US$7 million ($9.4 million). Scheduled to start in 3Q 2017, the work involves the use of a Mermai

SINGAPORE (Sept 6): Mermaid Maritime says its business units have won three subsea contracts in South East Asia and the Middle East with a combined value of US$12 million ($16.2 million).

SINGAPORE (July 21): Mermaid Maritime says it recently won two subsea contracts with a combined estimated value of US$4.6 million ($6.3 million).

SINGAPORE (June 15): Mermaid Maritime announced Thursday that its business units in Southeast Asia have recently won two subsea contracts from oil majors with a combined estimated potential value of US$4.3 million ($5.9 million).

SINGAPORE (March 10): UOB Kay Hian says clear survivors to the offshore and marine industry downturn are steadily emerging.

SINGAPORE (Mar 8): UOB Kay Hian has shortlisted a number of SGX-listed stocks as possible “go” plays for investors, with the potential to be privatised.

SINGAPORE (March 2): DBS Vickers is maintaining its “buy” call on Mermaid Maritime with a price target of 25 cents as the latter enjoys a more favourable risk-reward profile compared to industry peers.