![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://1.bp.blogspot.com/-Yw97y6yMIcE/VcMT9CQ3UAI/AAAAAAAABiw/0raTLFvzYrE/s1600/pacc%2Boffshore%2Bservices%2Bholdings%2B500.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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