In addition, POSH is a potential privatisation candidate with 81.89% owned by shareholder Kuok (Singapore).
SINGAPORE (Feb 22): DBS is maintaining its “buy” call on PACC Offshore Services Holdings (POSH) as it sees green shoots appearing in the oil services sector.
With no bonds outstanding, positive operating cash flows, and a proven ability to secure work for its vessels despite the downturn, DBS likes POSH as a beta play on capex recovery.
