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Brokers' take
Published Wed, Aug 17, 2016 · 09:50 PM
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Kim Heng Offshore and Marine | Hold
Target price: S$0.089
Aug 17 close: S$0.07
OCBC Investment Research, Aug 17
Kim Heng reported a 31 per cent y-o-y drop in revenue to S$7.7m and a net loss of S$1.4m in 2Q16, such that 1H16 saw a net loss of S$3.1m vs our full year estimate of -S$5.0m; results were within expectations.
We understand that the group is servicing 10-12 rigs that are either warm or cold stacked, and there…
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