Good morning mooers! Here are things you need to know about today's Singapore markets: - Singapore shares opened lower on Thursday - Major stock indexes all fall on new Trump administration export chip rules - Singapore SMEs Enter Contraction Territory in Q1 2025 Amid Global Uncertainty - Stocks to watch: 9CI, N4E and etc. - Latest share buy back transactions Market Snapshot Singapore shares opened lower ...
$Mermaid Maritime (DU4.SG)$ CGS CIMB reiterate their Add call, with an unchanged TP of S$0.20, based on 11x 2025F P/E. They hosted MMT's management for a call with investors on 7 Oct 24. Postcall, they remain positive on MMT's fleet utilisation and order outlook. Key investor questions were focused on the impact of oil prices on day rates, margin outlook and capex needs. Management expects fleet utilisation to remain above 80% in 2025F, on the back of tight global vessel supply and higher oil pri...
$PacificRadiance (RXS.SG)$ Phillip Securities has initiated coverage on Pacific Radiance with a BUY recommendation and target price of 0.06. Valuations pegged to the industry average of 8x PE. The offshore support vessel industry is enjoying a resurgence in charter rates from rising demand as global offshore capex recovers. Supply is constrained by an ageing fleet and a decline in shipyard capacity where vessel orders are only 3% of the existing fleet. Pacific Radiance is riding on higher charter...
$Mermaid Maritime (DU4.SG)$ The stock trades at a 33% discount to global peers' 2025F P/E. CGS CIMB initiate on MMT with an Add call and TP of S$0.20, based on 11x 2025F P/E. MMT's orderbook (OB) of US$976m, as of 2Q24, is at an 11-year high due to new decommissioning orders and renewal of IRM contracts at higher values. Limited newbuilds over the past decade have kept global vessel supply tight, driving MMT's fleet utilisation to over 80% in 1H24, up from 50% in 2021. They expect MMT to achieve ...
bullrider_21
OPDetached House
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Its volume yesterday was 42.85 mil. It was oversold, having fallen >50% from its Jul peak of 0.235 to 0.115. Some BBs may be buying at the cheap prices.
Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry. Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry.
Cui Nyonya Kueh : Jiayou election coming! Hope to see 4k soon!