He adds: “With high operating leverage due to their big fleet size amidst an industry upcycle, MMT has hit critical mass, and we expect further increases in revenue to significantly contribute to their bottom line.”
Analyst Nicholas Yon of Lim & Tan Securities has initiated a “buy” call on integrated marine subsea operations company, Mermaid Maritime (SGX:DU4
) (MMT), at a target price of 30 cents.
He writes in his July 3 report: “MMT boasts one of the world’s largest dive support vessels (DSV) fleets and is a turnaround company strategically positioned to capitalise on the rising demand for decommissioning and inspection, repair, and maintenance (IRM) projects amidst higher oil prices and global sustainability initiatives.”
