Do not conform to the pattern of this world but be transformed by the renewing of your mind. Then you will be able to test and approve what God’s will is—his good, pleasing, and perfect will.
Romans 12:2-4 NIV
Mermaid Maritime
Mermaid Maritime Public Company Limited, listed on the Singapore Exchange, is a prominent player in the offshore oil and gas sector across Southeast Asia and the Middle East. Founded in 1983 and headquartered in Bangkok, Thailand, Mermaid Maritime provides a wide range of subsea and marine services. These include subsea engineering, offshore inspection, maintenance and repair operations, and offshore drilling services.
The Group’s extensive fleet of specialized vessels and state-of-the-art equipment, coupled with a skilled multinational workforce, enables Mermaid Maritime to deliver comprehensive solutions tailored to the unique needs of its global clientele. The company prides itself on a robust safety culture and operational excellence, driving sustainable growth in the offshore energy markets.
For more information, please visit their corporate website at https://www.mermaid-group.com.
Recent Developments
- 15 Oct 2024 General Announcement::NOTICE OF BOOK CLOSURE DATE FOR EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS NO. 01/2024
- 13 Aug 2024 Financial Statements and Related Announcement::Half Yearly Results
- 23 May 2024 General Announcement::Minutes of Annual General Meeting held on 25 April 2024
- 15 May 2024 General Announcement::Analyst Presentation - First Financial Quarter 2024
- 15 May 2024 Financial Statements and Related Announcement::First Quarter Results
- 09 May 2024 General Announcement::MERMAID SECURES 1-YEAR KEY CONTRACT EXTENSION FOR SUBSEA SERVICES IN THE MIDDLE EAST
- 09 May 2024 General Announcement::NOTIFICATION OF LEGAL PROCEEDINGS AGAINST A MERMAID DIRECTOR ON A MATTER UNRELATED TO MERMAID
- 26 Apr 2024 General Announcement::PRESENTATION SLIDES OF SHAREHOLDERS' FORUM 2024
- 26 Apr 2024 REPL::Annual General Meeting::Voluntary
- 03 Apr 2024 Change - Announcement of Cessation::Cessation As Independent Director
- 03 Apr 2024 Annual General Meeting::Voluntary
- 03 Apr 2024 REPL::Annual Reports and Related Documents::
- 01 Apr 2024 REPL::General Announcement::NOTICE OF BOOK CLOSURE DATE FOR ANNUAL GENERAL MEETING NO. 1/2024
- 28 Mar 2024 General Announcement::NOTICE OF BOOK CLOSURE DATE FOR ANNUAL GENERAL MEETING NO. 1/2024
- 27 Mar 2024 Annual Reports and Related Documents::
- 04 Mar 2024 General Announcement::INVITATION TO MERMAID MARITIME'S SINGAPORE SHAREHOLDERS FORUM 2024
- 29 Feb 2024 General Announcement::ESTABLISHMENT OF JOINT VENTURE COMPANY IN VIETNAM
- 29 Feb 2024 Interested Person Transaction::US$55 MILLION LOAN FACILITY AND INTERESTED PERSON TRANSACTION
- 29 Feb 2024 General Announcement::ANALYST PRESENTATION - FOURTH FINANCIAL QUARTER 2023
- 29 Feb 2024 Financial Statements and Related Announcement::Full Yearly Results
Investment Merits
- Integrated Services: Offers a full range of subsea and drilling services to the offshore oil and gas industry.
- Global Presence: Operates in key oil and gas regions worldwide.
- Advanced Fleet: Utilizes modern vessels and equipment, enhancing operational efficiency.
- Long-Term Contracts: Secures stable revenue through long-term contracts with major oil companies.
- Technical Expertise: Strong engineering and project management capabilities.
- Safety Record: Maintains a strong safety and operational performance record.
- Market Recovery: Positioned to benefit from the recovery in the oil and gas sector.
- Strategic Alliances: Partnerships and alliances expanding service capabilities and market reach.
- Financial Resilience: Solid financial management ensuring stability through industry cycles.
In The News
Research
Brokerages | Report | Analysts | Recommendation | TP |
---|---|---|---|---|
CGS CIMB | Download File | Meghana KANDE LIM Siew Khee |
ADD | S$0.20 |
CGS CIMB | Download File | Meghana KANDE LIM Siew Khee |
ADD | S$0.20 |
Stock Information
(as of 02 September 2024)
Price | Market Cap (SGDm) | Enterprise Value (SGDm) |
---|---|---|
SGD 0.1340 | 189.39 | 330.68 |
Key Financial Highlights
Key Highlights | TTM (SGD) |
---|---|
Revenue | 311.19M |
Net Income Available to Common | 14.65M |
Profit Margin | 4.71% |
Return on Assets | 4.06% |
Return on Equity | 9.09% |
Price/Sales (ttm) | 0.35 |
Price/Book (mrq) | 0.84 |
Enterprise Value/Revenue | 0.61 |
Enterprise Value/EBITDA | 4.86 |
Total Cash (mrq) | 23.6M |
Total Debt/Equity (mrq) | 62.12% |
Levered Free Cash Flow (ttm) | -25.34M |