UOB in a research report says: "Pacific Radiance has spread its
wings to Mexico via a JV with a local OSV operator. Its strategy in
Mexico will mirror what it has thus far achieved in Indonesia. More
newbuild vessel orders have been placed since
IPO."
"The number of vessels pending delivery has increased to about 25,
of which 12 will be delivered in 2H14. Pacific Radiance remains our
top stock pick within the oilfield services sector. It offers 13
per cent upside to our target price of S$1.55. Maintain BUY.
"
UOB maintains 'Buy' on Pacific Radiance | I Invest I
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