http://www.bernama.com/bernama/v5/newsbusiness.php?id=512890
Scomi Marine has disposed CH Offshore in the 1H10, and now the Indonesia's PT Rig Tender, together with a few more related subsidaries. Now, we are almost certain that Scomi Marine will be tagging with the strategic investors in Indonesia, and also to expand its business in India.
This is inline with the Scomi group's strategy; India will be the prime target for the group to expand its business.
The stock price has been moving south for many months due to one off writedown last year. Now, the roadmap is clear, NTA stood at ~$1.20, healthier balance sheet, a lot of cash for business expansion.
Investors would be interested with the current undervalued price, grab a piece of it. :=)
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