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Mermaid Maritime gets a 'buy' from KGI following higher oil prices

Amala Balakrishner
Amala Balakrishner3/7/2022 09:30 AM GMT+08  • 2 min read
Mermaid Maritime gets a 'buy' from KGI following higher oil prices
Downstream companies like Mermaid Maritime and Sembcorp Marine have just started to react to the higher oil prices.
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KGI Research Singapore has reiterated its “buy” call on the Thailand-based Mermaid Maritime, at a target price of 8.4 cents.

The move comes as the company goes “back to the good old days,” the analysts write in a Mar 7 note.

Mermaid Maritime provides drilling and sub-sea engineering services for the offshore & marine industry. Key clients under its subsea engineering segment are based in Southeast Asia and the Middle East.

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