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

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.

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

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.
Vard image from website

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.
Vard image from website

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.
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