ENTITY
Wintermar Offshore Marine

Wintermar Offshore Marine (WINS IJ)

21
Analysis
IndustrialsIndonesia
PT Wintermar Offshore Marine Tbk offers offshore support services, primarily for the oil and gas industry. The Company owns and operates a fleet of vessels including AHTS and PSVs equipped with Dynamic Positioning System, and also manages and charters third party vessels. Over the past years, Wintermar has expanded out of Indonesia and now operates in 12 countries, supported by a strong and professional team and high quality vessels.
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16 Jan 2025 11:29

Wintermar Offshore Marine (WINS IJ) - Well-Positioned for the Upcycle

Wintermar Offshore Marine has seen a distinct turnaround in its fortunes over the last two years and is now well-positioned to benefit from an...

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12 Oct 2024 06:42Broker

WINS IJ - Recently Acquired WM Mentawai PSV to Bolster Earnings Growth in 2H24 Onwards

We visited WINS’s recently acquired WM Mentawai PSV, which is currently running tests on vessel capability. We expect stronger earnings for WINS in...

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13 Aug 2024 19:04Broker

Wintermar Offshore Marine - Riding the Charter Rates Upcycle; Initiate with Buy

We forecast WINS to deliver 117%/90% core EPS growth in FY24-25E through higher utilization, daily rates, and higher vessel count.

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05 Feb 2025 21:09Broker

Oil and Gas: Possible gas export ban is unlikely to materialize (NEUTRAL)

We maintain our Neutral stance, favoring WINS>MEDC as we see WINS could benefit from elevated charter rates and higher utilization.

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20 Jan 2025 19:47

The Week That Was in ASEAN@Smartkarma - AKRA's Smelting Up, Wintermar's Upside, and Ultrajaya

The past week saw insights on AKR Corporindo (AKRA IJ), Wintermar Offshore Marine (WINS IJ), Ultrajaya Milk (ULTJ IJ), and Delta Electronics...

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