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Mermaid Martime

Broker's Calls

Mermaid Maritime downgraded on ‘alarming’ shrinkage of order book

SINGAPORE (Aug 18): CIMB is downgrading its rating on Mermaid Maritime to “reduce” with a target price of 14 cents after the group’s order book narrowed alarmingly to US$99 million ($135.1 million) in 2Q17.

August 18, 2017

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