![PACC Offshore Services Holdings - DBS Research 2016-05-05: Jostling amid the weak environment PACC Offshore Services Holdings - DBS Research 2016-05-05: Jostling amid the weak environment](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigNbQl3o5xT9E4_Lszf2g4acJ0uwaA-E-mjFd4U2azMyu3KjwWzQie_ywCZDmXgDuGtMW7eoyTjauLGmGXJNFNmugodMdicT44gR9E2B2Y77sr7qwgSGeBdi83-_Jh-6yZ0DTXEg92LsKB/s1600/pacc+offshore+services+holdings+500.png)
PACC Offshore Services Holdings - Jostling amid the weak environment
- 1Q16 in line; profits boosted by JV performance
- Still no news on a contract for the second SSAV which is scheduled for 2Q16 delivery
- No cash-flow issues; loan facilities are adequate
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