Mermaid Maritime provides drilling and sub-sea engineering services for the offshore & marine industry. Key clients under its subsea engineering segment are based in Southeast Asia and the Middle East.
KGI Research Singapore has reiterated its “buy” call on the Thailand-based Mermaid Maritime, at a target price of 8.4 cents.
The move comes as the company goes “back to the good old days,” the analysts write in a Mar 7 note.
