OCBC Investment Research is looking after its "hold" approach Vard Holdings in spite of its endeavors at enhancement.
The seaward bolster vessel (OSV) architect and developer has been hit hard by the oil value downturn, given that its key market, the North Sea, has crumpled, notes lead investigator Low Pei Han in a Monday report.
Vard has been enhancing far from the oil and gas segment, notes Low, securing vessels identified with aquaculture, module transporter vessels and extravagance campaign travels.
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