- Awarded Heavy Lift vessel contract by Penta-Ocean Construction for Japan Offshore market, which we estimate to worth S$600-700mil.
- Near term catalysts – earnings delivery, conclusion of MAS/CAD investigation, and robust order wins.
- Watch for FY24 results due on 21 Feb.
Secured order for a Heavy Lift Vessel.
- - Read this at SGinvestors.io -
- POC is Japan’s leading marine contractor who owns a range of self-propelling trailing suction hopper and cutter suction dredgers, for marine construction works, as well as two turbine installation vessels equipped with a 800-ton and a 1,600-ton lifting capacity crane respectively. POC also has a presence in Singapore, being the main contractor in various marine & land civil engineering, and building projects.
- - Read this at SGinvestors.io -
Optimistic on offshore wind market
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Pei Hwa Ho DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-01-27
Read also DBS's most recent report:
2025-02-24 Seatrium - Slowly But Surely.
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