SGX Market Update : Kim Heng O&M on hold for lacklustre outlook .

SINGAPORE (Aug 17): OCBC is looking after its “hold” call for Kim Heng Offshore and Marine, with an objective cost of 8.9 pennies.

This comes as the gathering reported a net loss of $1.4 million in 2Q16. Income declined 31% to $7.7 million. Net trade from operations turned out at $1.3 million.

OCBC investigator Lee Pei Han says that the gathering is as of now overhauling 10-12 fixes yet there remains unutilised limit in the yard.

What’s more, the organization’s crane renting business that takes into account the development and foundation ventures has a use rate of 65-70% in 2Q16.

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