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ASL MARINE: Best-equipped yard for ship repair in Indonesia, more jobs expected
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Written by Leong Chan Teik
Monday, 06 September 2010 13:16

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ASL MARINE, listed in Singapore and having its main operations in Batam, has just achieved the distinction of owning the largest drydock in Indonesia.

Over a dozen analysts visited the yard last Friday with ASL chairman Ang Kok Tian (left). This morning, OCBC analyst Low Pei Han, in a report, said that ASL is currently trading at an attractive level at 6.8x core FY11F earnings and 0.86x P/B. She maintains her buy rating with a fair value estimate of S$1.04. Read more...
 
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