Mermaid Maritime

SINGAPORE (Jan 9): DBS Vickers Securities is turning positive on Mermaid Maritime, upgrading its call on the stock from “hold” to “buy” at a raised target price of 24 cents from 14 cents previously due to a more favourable risk-reward profile.

SINGAPORE (Jan 3): The benchmark Straits Times Index ended Tuesday 0.6% or 18.21 points higher at 2,988.97 on its first trading day of 2017.

SINGAPORE (Jan 3): CIMB is reiterating its “add” recommendation on Mermaid Maritime with a higher target price of 24 cents from 17 cents previously, after the company last week announced that its associate, Asia Offshore Drilling (AOD), secured a thre

SINGAPORE (Dec 28): Here are some stocks that could move the market this Friday morning:

SINGAPORE (Dec 29): Mermaid Maritime announced that its associate Asia Offshore Drilling (AOD) has secured a three-year contract extension for its AOD III jackup rig.

SINGAPORE (Dec 8): Here are some factors and stocks that could move the market this Thursday morning:

SINGAPORE (Dec 8): Mermaid Maritime has entered into a mutual agreement with China Merchants Industry Holdings to terminate their construction contract for a dive support and construction vessel in light of the challenging oil and gas market.

SINGAPORE (Dec 5): CIMB is upgrading the offshore and marine sector to “neutral” as it forecasts higher crude oil prices of between US$45 and US$60 per barrel.

SINGAPORE (Nov 30): OCBC Investment Research believes the worst might be over for the oil and gas sector, with less downside risk than a year ago and most of the negatives having been priced in.

SINGAPORE (Nov 17): DBS Group Research is keeping Mermaid Maritime on “hold” with a higher target price of 12 cents, from 9 cents previously, despite lower earnings visibility from a declining order book and an expected fall in profits from its joint