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
PACC OFFSHORE SVCS HLDG LTD POSH U6C.SI PACC Offshore Services Holdings - BUOYED BY JV IN 1Q16
- Results in line
- Offshore accom supporting earnings
- Insufficient to offset weakness in other areas
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