Swissco Holdings Ltd. is an offshore oil and gas marine services provider. The Company provides marine logistics-related assets, which comprise mainly of vessels, as well as associated offshore vessel chartering and marine logistics and support services. Swissco also provides logistics outsourcing services.
• Issuer: Swissco Holdings Ltd.
• Not rated
• Expected issue size: S$80m – S$100m
Market Cap : SGD 678 mio
Saw a 5 year high in stock price for the last quarter which means it is good time to ISSUE SOME BONDS !
The financials are in pristine shape mostly, having recently turned profitable and transferring to the main board of the SGX after spending about 9 years in Catalist (SESDAQ). Financial Leverage 2 times (ASL Marine & Ezra & Ezion all 2.9X ). More than enough revenues to cover interest and Debt/Equity of 70%. A little weak on the liquid assets side of things, without ......