Mermaid Maritime's near-term outlook is looking hazy

SINGAPORE (Nov 17): DBS is maintaining its “hold” call on Mermaid Maritime with a target price of 14 cents as the group’s near-term outlook is “a mixed bag”.

This came after the group announced that it made a loss of US$2.04 million ($2.77 million) in 3Q17 compared to earnings of US$7.49 million in 3Q16.