Broker: CGS International
Date of Report: June 26, 2026
Excerpt from CGS International report
Report Summary
- Stock: Mermaid Maritime (MMPC.SI / MMT SP)
- Action: Cessation of coverage. Coverage discontinued due to re-allocation of resources. All previous forecasts, valuations, and recommendations should no longer be relied upon for investment decisions.
- Previous Recommendation: ADD (Not Rated as of this report)
- Previous Target Price: S$0.14
- Current Price (as of report): S$0.096
- Implied Upside (based on previous target): 45.8%
- Key Financials:
- Market Cap: US$140.0m / S$181.5m
- Revenue (2023A): US$275.4m
- Net Profit (2023A): US$9.6m
- Net Profit (2024E): US$13.8m
- Ownership: Thoresen Thai Agencies Public Company Limited (58.2%)
- Important Note: Investors should not rely on any previous CGS International research, target prices, or recommendations for Mermaid Maritime, as coverage has ceased and no actionable calls are in effect.
Ticker: MMPC.SI / MMT SP
Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com/
