Highlights
SGX: MTQ (M05)       MTQ CORPORATION LIMITED
Last Price Today's Change   Day's Range   Trading Volume
0.265   +0.005 (1.92%)  0.265 - 0.27  80

Overview

Avg Volume (4 weeks):0
Average Price Target: 0.69
Price Target Upside/Downside: +0.425

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Business Background

MTQ Corporation Limited, an investment and management holding company, provides engineering solutions for oilfield equipment in Singapore, the Kingdom of Bahrain, Australia, Indonesia, and the United Kingdom. The company operates through Oilfield Engineering and Neptune segments. It offers engineering services for the servicing, manufacturing, assembly, and fabrication of oilfield equipment, such as valves and blow-out-preventers; rents and sells oilfield equipment and spare parts, such as heat exchanger mud coolers, shale shakers, drilling handling tools, bop pressure test units and torque tools, valves, mud pumps, and drillpipe protectors, as well as drilling spools, adaptors, and related pressure control drilling equipment; and designs and manufactures proprietary and custom-built pipe support and pipe suspension solutions for the oil and gas industry. The company also provides engineering services to offshore oil and gas, marine, and renewable energy industries; and trades in oilfield industry materials. In addition, it is involved in the manufacture of high pressure piping; general steel fabrication and repairing of oilfield equipment; fabrication of pressure vessels; and provision of commercial diving, as well as inspection, repair, and maintenance services to the oil and gas, shipping, defense, and marine infrastructure industries. Further, the company provides hydrographic survey, geophysical, and positioning services; subsea engineering services to the oil and gas sector; and remotely operated vehicles services and tooling solutions for shallow and deep water applications, as well as designs, manufactures, supplies, and installs a range of pipeline stabilization and protection systems. The company was formerly known as Metalock Singapore Limited and changed its name to MTQ Corporation Limited in 2003. MTQ Corporation Limited was founded in 1959 and is based in Singapore.

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