When Maybank initiated research coverage of theSingapore-listed shipbuilder with a “buy” rating earlier this month it toldclients the stock was “a steal” at current levels.
Today, its analysts say their thesis is still intactand believe the company is poised to cash in on an uptick in ordering activitysooner than some might think.
“Webelieve that weakened ordering activity from the second half of 2012 isshort-term in nature and foresee a pickup towards the second half of 2013,”they explained.
“We
