In addition, POSH is also a potential privatisation candidate with high ownership of 81.89% by majority shareholder Kuok (Singapore), adds the brokerage.
SINGAPORE (Aug 2): DBS says PACC Offshore Services Holdings (POSH) is ready to ride the gradual upswing as the OSV (Offshore Support Vessels) market has bottomed out.
POSH continues to be a safe name to ride the gradual offshore service sector recovery, says DBS, given it has no bonds outstanding and positive operating cashflows year to date in FY17.
