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O&M counters taking big impairment hit

Yet some question whether the writedowns are deep enough; they believe that the bloodletting in the sector is not done yet

Large-cap Keppel Corp's O&M arm slipped into its first quarterly loss in a decade on more than S$270 million in impairments.


TO those who say that Singapore's beleaguered offshore and marine (O&M) sector has arrived at an inflection point, M3 Marine's chief executive, Mike Meade has this sobering rebuttal: "We may be at the bottom of the cycle, but we are certainly not at the bottom of the clean-...

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