SUBSCRIBERS

Brokers' take

Published Mon, Jan 9, 2017 · 09:50 PM

Triyards Holdings | Buy Target price: S$0.47 Jan 9 close: S$0.32 OCBC Investment Research, Jan 9

Gross profit margin was 11.5% in the quarter compared to 18.7% in 1QFY16 and 12.9% in 4QFY16; we believe that management's aim is to sustain yard utilisation while earning decent profits under this tough operating environment, albeit with lower margins.

Borrowings were higher due to increased working capital required for major projects reaching an advanced stage of construction. Net gearing was 0.66x in the quarter while interest …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes