I have been observing Mermaid and noticed that there are buyers around 0.107 range and below. Company wise may not be making as much profits as before, but based on the books, the company is sound. It is the subsidiary company of Thoresen Thai, which is also an investor in Sino Grandness.
Perhaps, Mermaid Maritime will be good trading in the short to medium period. Assuming that it will hit back the range of S$0.200, there is an upside of 0.200 to 0.107 = 0.093.
Technically, it is coming to form a triple bottom. and there is significant volume exchanged hands recently over the past several weeks. Fundamentally, probably this is due to the change of CFO recently. Quite similar to my previous buy call on Parkson Retail email, of which I bought at 0.158 and sold at 0.200
Worth to take a look. my 2 cents. Should you have information, please share with me too.
Mermaid Maritime (DU4)
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Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=33885&h=a5220ac660ce8c78e452e5edc69d33cf
Property: EC e-applications not translating to sales.
Property: HDB resale volumes in April hit 3-year high as prices stabilise.
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=33885&h=a5220ac660ce8c78e452e5edc69d33cf
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