POSH reported a net loss of US$9.8 million ($13.3 million) in 3Q17, faring worse than DBS’ expectations as a result of a weaker-than-expected offshore accommodation (OA) segment.
SINGAPORE (Nov 15): DBS Group Research believes PACC Offshore Services Holdings (POSH) in “the safer bet” to ride on the recovery of the offshore industry.
“We believe the offshore support vessels (OSV) market has bottomed, and POSH is poised to ride the gradual upswing,” says DBS lead analyst Suvro Sarkar in a report on Tuesday.
