DBS Vickers Securities in a Feb 17 research report says: “Revenue of Bt1.1 billion, while down 32% y-o-y, was in line given the expected weak utilisation rates on its subsea and drilling fleet. Mermaid has net cash of Bt753.5 million, following its Bt3.7 billion rights issue in Nov 2009.
Mermaid Maritime Public Co rated buy
written by Editor on February 17th, 2010 |
No Comments
Font size:
