SGX: Pacific Radiance (T8V)       PACIFIC RADIANCE LTD.
Last Price Today's Change   Day's Range   Trading Volume
0.104   0.00 (0.00%)  0.00 - 0.00  0


Avg Volume (4 weeks):0
Average Price Target: 0.16
Price Target Upside/Downside: +0.056


Date Subject
22-May-2019 Phillip Capital Morning Note - 22 May 2019

Business Background

Pacific Radiance Ltd., an investment holding company, owns, manages, and operates offshore vessels in Asia, Africa, Australia, and South America. It operates through three divisions: Offshore Support Services, Subsea Business, and Complementary Businesses. The company operates a fleet of 139 offshore vessels comprising subsea vessels, anchor handling tugs, platform supply vessels, ocean tugs and supply vessels, offshore barges, accommodation and maintenance support vessels, and other specialized vessels for the offshore oil and gas industry. It also offers subsea inspection, repair, and maintenance services; and engages in light construction and fabrication works. In addition, the company provides ship repair, shipbuilding project management, and vessel design customization services; and pipeline logistics, cargo handling, and other transport solutions for the oil and gas industry; and constructs fit-for-purpose vessels for third party clients. Further, it is involved in the design, fabrication, servicing, sale, and leasing of various marine and coiled tubing equipment, as well as other equipment, such as coiling machines, hydraulic power units, winches, cylinders, and others. The company was founded in 2002 and is headquartered in Singapore. Pacific Radiance Ltd. is a subsidiary of YM Investco Pte Ltd.

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LTInvestor no one here interested in strong OSV co?
25/03/2014 12:12 AM
juzzdoo shall wait for dividens or shell at 1.20?
01/04/2014 5:19 PM
juzzdoo sorry!dividends or sell at 1.20?
01/04/2014 5:20 PM
LTInvestor Juzzdoo..dividend will be very minimal..i'll hold btw medium/long term given the bullish energy outlook
02/04/2014 9:54 AM
presleyken88 piece of shytt...stuck here. Loss half already. What a big mistake!
22/01/2015 10:43 AM
eric56 Anyone know what happen to this counter, dropping a lot, short selling?
17/08/2015 12:12 PM
LanSeeBoy Don't bother all O&G counters. Expect more earnings downward adjustment in coming months (or years !)...Can't believe CIMB calling an ADD on this. Shameful!
17/08/2015 1:31 PM
LanSeeBoy LOL...b4 it reaches 10c, it would have been suspended. Vessels idle and bond redemption will close them up in now time.
07/09/2015 2:28 PM
LanSeeBoy If u think this is not bad enough, then one should look at Vallianz... a laughing stock among OSV stocks. Its new CEO has no industry experience...scary. LOL
07/09/2015 10:09 PM
Ami Wong helo...everyone MALAYSIA share prices opened lower on Friday at 7.00 points to 1,607.02
11/09/2015 7:37 PM
LanSeeBoy OSV owners such as Pacific Radiance, Vallianz,... will face a prolonged period of low (or no) vessel utilisation, with weak asset demand compounded by strong newbuild supply. Subsea (Ezra) nor liftboat (Ezion)not immune to downturn too. Massive credit risks ahead.
23/09/2015 3:07 PM
LanSeeBoy Is really bad, dude. Dun think their cashflow can meet their debt servicing.
13/10/2015 5:13 PM
LanSeeBoy Can't believe this CIMB analyst still calling an ADD...wonder he knows how serious when a co called for a change in debt covenant huh? Financial inability aside; mgt creditability gone. Reason this stock is holding is becos of its tight free float. Pang family owns >60%. 1-2 loosely-arranged funds holding big blocks (from IPO) die die still keeping their massive losses. LOL
30/10/2015 3:52 PM
LanSeeBoy Can't believe u still ve this ? Better get out b4 it sinks to seabed.
19/07/2016 2:51 PM


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