Thursday, 5 May 2016

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 PACC OFFSHORE SVCS HLDG LTD U6C.SI 

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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