Makamin seeks 220m riyal claims against POSH subsidiary

13 Dec 2016 - Business Times Breaking News
SAUDI ARABIA-BASED Makamin Offshore is claiming 220 million riyals (S$84 million) in alleged damages against a subsidiary of Singapore-listed PACC Offshore Services Holdings (POSH) under a developing legal spat between the two parties. POSH said after trading hours that Makamin Offshore has, through ...
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PACC Offshore Services announces changes to management team

14 Nov 2016 - Business Times Breaking News
OFFSHORE marine services provider PACC Offshore Services Holdings (POSH ) is shaking up its management team. It said on Monday in a filing to Singapore Exchange that, with effect from Jan 1 next year, there will be a newly created post of deputy chief executive officer, while a new chief financial officer ...
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PACC Offshore Services reports Q3 loss of US$13m

4 Nov 2016 - Business Times Breaking News
PACC Offshore Services Holdings on Friday posted a third-quarter net loss of US$12.94 million from a profit of US$12.58 million a year ago as market conditions in the offshore marine sector continued to deteriorate. Revenue plunged 48 per cent to US$41.63 million, largely owing to lower utilisation and ...
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PACC Offshore Services' Q3 profit widens to US$12.94m

4 Nov 2016 - Business Times Breaking News
PACC Offshore Services Holdings' third-quarter net loss widened to US$12.94 million from US$12.58 million a year ago as market conditions in the offshore marine sector continued to deteriorate. Revenue plunged 48 per cent to US$41.63 million, largely owing to lower utilisation and charter rates across ...
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1 Crucial Thing to Beware Of With Dirt-Cheap Oil & Gas Stocks

25 Feb 2016 - The Motley Fool Singapore
According to a report by bourse operator Singapore Exchange Limited, there were 54 shares listed in Singapore, as of November 2014, which belong to the oil & gas sector. Of those 54 shares, there are 27 that some investors may of think as being dirt-cheap right now – that’s because they are valued at ...
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A massive wave of asset impairments is about to hit Singapore’s O&G service providers

24 Feb 2016 - Singapore Business Review
Listed companies stand to lose millions. There will be plenty of red ink in offshore service asset owners’ books this year. Analysts warn that hefty impairments await listed oil and gas service providers, as many support vessels have lost their value after the oil price collapse. According to DBS, majority ...
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These 2 Companies May Be Massively Undervalued Stocks

15 Feb 2016 - The Motley Fool Singapore
The Straits Times Index (SGX: ^STI) is currently below 2,600 points after dropping close to 12% since the start of the year. The index’s decline is a sign that many companies are experiencing falling prices as well. With lower prices come the possibility of finding bargains. In here, I’d be looking at ...
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SG Dealbook: SUTL exits Achieva; POSH in JV with Saudi firm; SGX rejects Ley Choon plea

10 Jan 2016 - DealStreetAsia
In a few business developments in Singapore, SUTL has sold its stake in Achieva Technology while POSH is expanding its Middle East presence. Meanwhile, Ley Choon’s request to transfer to Catalist has been rejected over concerns of its debt restructuring exercise. SUTL Enterprise, the marina developer ...
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2015 Review For The Singapore Stock Market: Oil and Gas Companies

29 Dec 2015 - The Motley Fool Singapore
Tweet We are nearing the end of 2015. For many investors in Singapore, it has been a year of pain and hardship. The SPDR STI ETF (SGX: ES3), an exchange-traded fund which tracks the Straits Times Index (SGX: ^STI), has seen its net asset value per unit fall 14% from S$3.408 at end-2014 to S$2.93 yesterday. ...
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These Companies Are Buying Back Their Own Shares – Should We Be Buying Too?

5 Oct 2015 - The Motley Fool Singapore
Every now and then, I like to keep track of companies which have been buying back their own shares. That’s because share buybacks may be a sign that a company’s stock is undervalued. Peter Lynch, the legendary manager of the U.S.-based Fidelity Magellan Fund, also included buybacks as one of the ...
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