Stock Name: Triyards
Company Name: TRIYARDS HOLDINGS LIMITED
Company Name: TRIYARDS HOLDINGS LIMITED
| Research House: OCBC | Price Call: BUY | Target Price: 0.65 |
SINGAPORE (Jan 9): OCBC Investment Research has cut its price target for Triyards Holdings to 65 cents from 88 cents after lowering its valuation peg to six times projected earnings from seven times previously to reflect weakness in the offshore oil and gas sector.
Its "buy" call is intact.
The vessel builder is still receiving enquiries for potential orders amid falling oil prices, and has diversified into new product lines with the acquisition of Strategic Marine Group last year, OCBC analyst Low Pei Han said in a note today.
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