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$Mermaid Maritime (DU4.SG)$ Mermaid Maritime may rise to res...

Mermaid Maritime may rise to resistances around 0.148 and 0.151.
Unrated report on Mermaid Maritime by UOB KH.
Mermaid Maritime's subsea and offshore services market has traditionally been in Asia; however, it has successfully expanded into the Middle East, West Africa and the North Sea in the past few years. Profitability has grown materially over the past three years with management guiding for EBITDA margin expansion in 2024 and 2025. In 2H23 alone, the company doubled its orderbook to finish 2023 at US$734m.
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