SINGAPORE (Oct 15): OCBC is reiterating its “sell” view and 41 cents fair value estimate on Vard Holdings after the shipbuilder issues a profit warning for its third quarter and full year results, citing challenges in Brazil.

Vard says in a filing its yards in Brazil are facing difficulties in their operations and the economic and political environment in the nation is also hurting the shipbuilder.

That will affect its earnings, Vard says, adding it will disclose details on Nov 11 with its third quarter earnings.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook