SGX:DU4Energy Services
Mermaid Maritime (SGX:DU4) Stock Price And Fair Value Clash After Fresh Loss
Mermaid Maritime entered this quarter with a value stock reputation, trading around SGD0.102 and sitting well below an indicated fair value based on discounted cash flow. The immediate share price reaction now faces a tougher story. Quarterly revenue booked at THB2,055.8m comes with a sharp swing back into loss, with net income from ongoing operations at THB137.2m in the red. For a stock often framed around an earnings recovery and a P/E that screens cheaply, this fresh loss is the headline...