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Vard Holdings
Broker's Calls
Vard not ‘out of the woods’ despite NOK6.2 bil new order wins
SINGAPORE (July 22): Daiwa Capital Markets is reaffirming its “sell” recommendation on offshore and specialised vessels manufacturer Vard Holdings with a higher target price of 13.4 cents from the previous 11.8 cents, projecting that the stock could u
July 22, 2016
Vard posts 2Q loss of NOK53 mil on restructuring costs
SINGAPORE (July 21): Offshore and specialised vessels manufacturer Vard Holdings posted a NOK53 million ($8.5 million) loss in earnings in 2Q16 ended June compared to a gain of NOK58 million in the same period last year.
July 21, 2016
Vard subsidiary wins $16 mil UK contract
SINGAPORE (July 12): Vard Holdings, the designer of offshore specialised vessels, has won an NOK 100 million ($15.9 million) engineering and electrical installation contract for a polar research vessel under construction for the Natural Environment Resear
July 12, 2016
Vard Holdings terminates shipbuilding contract with REM Offshore
SINGAPORE (June 28): Vard Holdings says it has agreed to terminate a shipbuilding contract with Norwegian shipping company REM Offshore ASA in return for a compensation.
June 28, 2016
Broker's Calls
Vard raised to ‘hold’ by DBS on diversification plans
SINGAPORE (May 13): DBS Vickers Securities is upgrading Vard Holdings to “hold” from “fully valued” as its diversification plan seems to be working.
May 13, 2016
Hot Stock
Vard shares surge 13.6% on contract win
SINGAPORE (May 12): Shipbuilder Vard was up as much as 13.6% to 17.6 cents at 11.57am after announcing a contract win.
May 12, 2016