Pacific Radiance

Here's what the analysts have to say this week.

Analyst Paul Chew expects its earnings to jump in FY2025 from several factors including US$40 million worth of charter contracts.

SINGAPORE (June 29): Vessel charterer Pacific Radiance announced a loss of US$12.8 million ($17.5 million) for the first quarter ended March, narrowing 13% from its loss of US$14.8 million a year ago on lower costs.

SINGAPORE (Nov 10): Pacific Radiance reported smaller 3Q losses of US$14.4 million ($19.6 million) compared to US$17.8 million a year ago.

SINGAPORE (Aug 14): Pacific Radiance, the provider of offshore marine support services, reported 2Q losses narrowed 88% to US$7.1 million from US$59.5 million a year ago.

SINGAPORE (June 15): Pacific Radiance, the provider of integrated offshore marine support services has secured US$45.3 million ($62.5 million) worth of new contracts including options.

SINGAPORE (June 8): Pacific Radiance announced Thursday that it has been granted $85 million in loans under two government-backed financing schemes to help tide over the prolonged offshore and marine (O&M) industry downturn.

SINGAPORE / HONG KONG (June 7): Singapore’s bond market has seen unprecedented defaults, and a slump in oil prices along with a weak property market are threatening to increase nonpayments this year.

SINGAPORE (May 18): DBS has downgraded Pacific Radiance from “hold” to “fully valued”, lowering its target price to 10 as liquidity issues cloud its outlook.

SINGAPORE (March 21): EMAS Offshore says it will be negatively impacted by the United States’ Chapter 11 filing by the company’s ultimate holding company Ezra Holdings to facilitate the restructuring of the group.