Mermaid Maritime - Lim & Tan Securities 2024-07-03: Mermaid ~ Seas The Day!

Mermaid Maritime - Mermaid ~ Seas The Day!

Mermaid Maritime (SGX:DU4) | SGinvestors.ioMermaid Maritime (SGX:DU4)
  • Despite the meteoric rise in Mermaid Maritime's share price, we see this as merely the opening chapter of a larger narrative. There is abundant untapped potential poised to unfold beyond FY24, driven by the ongoing supply-demand imbalance in the Oil & Gas market, which is projected to persist well into 2030.
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Owning DSVs represents a direct advantage for Mermaid Maritime

  • Mermaid Maritime (SGX:DU4) boasts one of the world’s largest DSV (Dive Support Vessel) fleets and is a turnaround company strategically positioned to capitalise on the rising demand for decommissioning and IRM (Inspection, Repair and Maintenance) projects amidst higher oil prices and global sustainability initiatives.
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  • The Oil & Gas downturn for the past seven years has also eliminated several of Mermaid Maritime’s competitors. Mermaid Maritime has one of the largest and skilled dive teams and is thus positioned to secure delayed projects which are just resurfacing. Due to the scarcity of DSV vessels and elevated charter prices, Mermaid Maritime can now has pricing power.

Increase in decommissioning projects.

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Nicholas Yon Lim & Tan Securities Research | 2024-07-03

Price targets by other brokers at Mermaid Maritime Target Prices.

Listing of research reports at Mermaid Maritime Analyst Reports.

Relevant links:
Mermaid Maritime Share Price History,
Mermaid Maritime Announcements,
Mermaid Maritime Dividends & Corporate Actions,
Mermaid Maritime News Articles


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