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This offshore company has no immediate debt issues, so why are analysts holding back?

Broker's Calls

This offshore company has no immediate debt issues, so why are analysts holding back?

Gwyneth Yeo Published on Thu, Nov 10, 2016 / 11:22 AM GMT+8

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SINGAPORE (Nov 10): DBS Group Research is maintaining its “hold” rating on PACC Offshore Services Holdings and target price of 33 cents, even as the brokerage considers the offshore company a “more stable long term bet versus peers”, thanks to lack of immediate debt concerns and positive operating cashflows over the past nine months.

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