SINGAPORE (Nov 4): Maybank is maintaining its “buy” call on PACC Offshore Services Holdings (POSH) as its 3Q beat the bank's expectations on better margins which shows cost-optimisation efforts are paying off.

To recap, POSH booked a 3Q net profit of $12.6 million, beating Maybank's expectations but met consensus.

9M15 net profit of $18.7 million also formed 85% of its consensus forecasts.

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