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Mermaid Maritime's near-term outlook is looking hazy

Samantha Chiew
Samantha Chiew11/17/2017 09:49 AM GMT+08  • 2 min read
Mermaid Maritime's near-term outlook is looking hazy
SINGAPORE (Nov 17): DBS is maintaining its “hold” call on Mermaid Maritime with a target price of 14 cents as the group’s near-term outlook is “a mixed bag”.
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SINGAPORE (Nov 17): DBS is maintaining its “hold” call on Mermaid Maritime with a target price of 14 cents as the group’s near-term outlook is “a mixed bag”.

This came after the group announced that it made a loss of US$2.04 million ($2.77 million) in 3Q17 compared to earnings of US$7.49 million in 3Q16.


See: Mermaid Maritime sinks into the red; posts 3Q losses of $2.8 mil


See: Mermaid secures contract extension for subsea services in Middle East worth $129 mil

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