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Personally feel 41 sen still quite low if looking at Sealink’s longer-term potential and asset backing. Offshore & marine sector also slowly picking up again, plus recent Searah Petronas activity could improve future utilisation and earnings visibility. Sometimes when strategic players start moving in during weak sentiment, it usually means they see value ahead that market still hasn’t fully priced in yet.
Guys don’t listen to any naysayers here. They talk as if they know everything. Just believe what you see that’s the best answer. People’s opinion will not change anything
It's gonna be another losing quarter, most of the OSV owners are now facing dilemma of ageing asset, and reaching the limitation, leading them for major repairs. The oil company continues to face uncertainties regarding its strategic direction esp in Borneo, which indirectly affecting the shipowner even to the local players.