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‘Clear survivors’ emerging from the O&M downturn

Jude Chan
Jude Chan3/10/2017 04:19 PM GMT+08  • 2 min read
‘Clear survivors’ emerging from the O&M downturn
SINGAPORE (March 10): UOB Kay Hian says clear survivors to the offshore and marine industry downturn are steadily emerging.
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SINGAPORE (March 10): UOB Kay Hian says clear survivors to the offshore and marine industry downturn are steadily emerging.

The brokerage is maintaining its “market weight” rating on the sector.

“In our opinion, key to surviving this downturn requires strong cashflow generation and continued de-leveraging,” says UOB lead analyst Foo Zhiwei in a Friday report. “A review of companies’ core margins highlights several candidates that will clearly survive the downturn.”

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