PACC Offshore Services Holdings

SINGAPORE (July 12): PACC Offshore Services Holdings has formed a joint venture with Taiwan-based logistics firm, Kerry TJ Logistics, to provide an integrated solutions platform for offshore wind farm developers, EPCI contractors and wind turbine manufact

SINGAPORE (Aug 1): PACC Offshore Services reported a second straight quarter of losses for FY17, registering a loss of US$9.1 million ($12.4 million) for 2Q17 compared to a loss of US$17.5 million posted a year ago.

SINGAPORE (April 12): OCBC has upgraded PACC Offshore Services Holdings (POSH) from “sell” to “hold”, with a higher fair value estimate of 33.5 cents.

SINGAPORE (Nov 30): OCBC Investment Research believes the worst might be over for the oil and gas sector, with less downside risk than a year ago and most of the negatives having been priced in.

SINGAPORE (Nov 16): Fincantieri S.p.A., the 55.6% shareholder of Vard Holdings, has announced a voluntary conditional cash offer for the remaining shares in Vard at 24 cents, and DBS Group Research recommends shareholders accept the offer.

SINGAPORE (Nov 14): Fincantieri S.p.A., the 55.6% shareholder of Vard Holdings, has announced a voluntary conditional cash offer for the remaining shares in Vard at 24 cents, and DBS Group Research recommends shareholders accept the offer.

SINGAPORE (Nov 10): DBS Group Research is maintaining its “hold” rating on PACC Offshore Services Holdings and target price of 33 cents, even as the brokerage considers the offshore company a “more stable long term bet versus peers”, thanks to lac

SINGAPORE (Nov 8): OCBC Investment Research is maintaining its “hold” rating on PACC Offshore Services Holdings with a fair value of 30 cents, in anticipation of further impairments going forward.

SINGAPORE (Sept 1): OCBC is upgrading PACC Offshore Services Holdings to a “hold” rating from a “sell” after shares fall nearly 9% through August.