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Risk-reward profile turns in favour of Mermaid Maritime

Dannon Har
Dannon Har3/2/2017 04:45 PM GMT+08  • 1 min read
Risk-reward profile turns in favour of Mermaid Maritime
SINGAPORE (March 2): DBS Vickers is maintaining its “buy” call on Mermaid Maritime with a price target of 25 cents as the latter enjoys a more favourable risk-reward profile compared to industry peers.
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SINGAPORE (March 2): DBS Vickers is maintaining its “buy” call on Mermaid Maritime with a price target of 25 cents as the latter enjoys a more favourable risk-reward profile compared to industry peers.

(See also: The seas have calmed for Mermaid Maritime)

In a Thursday report, DBS analyst Suvro Sarkar says the provider of drilling and subsea engineering services is expected to remain profitable given robust FY16 earnings despite the industry downcycle.

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