“In our opinion, key to surviving this downturn requires strong cashflow generation and continued de-leveraging,” says UOB lead analyst Foo Zhiwei in a Friday report. “A review of companies’ core margins highlights several candidates that will clearly survive the downturn.”
SINGAPORE (March 10): UOB Kay Hian says clear survivors to the offshore and marine industry downturn are steadily emerging.
The brokerage is maintaining its “market weight” rating on the sector.
