Mermaid Maritime PCL (SGX:DU4) Construction In Progress: S$0.0 Mil (As of Jun. 2026)

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SGX:DU4 Mermaid Maritime PCL SGX:DU4
47 GF Score
Price S$0.10
GF Value S$0.09
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Mermaid Maritime PCL Construction In Progress?

Mermaid Maritime PCL SGX:DU4 +2.00% 47 Construction In Progress is S$0.0 Mil as of Jun. 2026. GuruFocus rates SGX:DU4 with a GF Score™ of 47/100 and a GF Value™ of S$0.09 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Mermaid Maritime PCL's quarterly construction in progress declined from Dec. 2025 (S$11.8 Mil) to Mar. 2026 (S$0.0 Mil) but then stayed the same from Mar. 2026 (S$0.0 Mil) to Jun. 2026 (S$0.0 Mil).

Mermaid Maritime PCL's annual construction in progress declined from Dec. 2023 (S$7.1 Mil) to Dec. 2024 (S$0.3 Mil) but then increased from Dec. 2024 (S$0.3 Mil) to Dec. 2025 (S$11.8 Mil).

Mermaid Maritime PCL Construction In Progress Historical Data

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The historical data trend for Mermaid Maritime PCL's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mermaid Maritime PCL Construction In Progress Chart

Mermaid Maritime PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 1.54 7.13 0.29 11.82

Mermaid Maritime PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 11.82 0.00 0.00
SGX:DU4
47GF Score
Mermaid Maritime PCL SGX:DU4
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Mermaid Maritime PCL Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of S$0.0 Mil mean?
Mermaid Maritime PCL (SGX:DU4) has a Construction In Progress of S$0.0 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Mermaid Maritime PCL and its competitors.
Is Mermaid Maritime PCL's Construction In Progress too high?
Mermaid Maritime PCL's current Construction In Progress is S$0.0 Mil. Overall, Mermaid Maritime PCL has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's Construction In Progress compare to SLB and BKR?
Mermaid Maritime PCL's Construction In Progress of S$0.0 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Mermaid Maritime PCL and its competitors. Mermaid Maritime PCL's current Construction In Progress is S$0.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (SGX:DU4) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.09, compared to a current price of S$0.10 — trading 13.3% above its estimated fair value. The current Construction In Progress is S$0.0 Mil. Mermaid Maritime PCL's overall GF Score™ is 47/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Mermaid Maritime PCL (SGX:DU4), the current Construction In Progress is S$0.0 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mermaid Maritime PCL (SGX:DU4) Overvalued in 2026?

Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued. The current stock price of S$0.10 is trading 13.3% above its estimated GF Value™ of S$0.09. GuruFocus considers Mermaid Maritime PCL to be Modestly Overvalued.

Key valuation signals for SGX:DU4:

  • Construction In Progress: S$0.0 Mil
  • GF Value™: S$0.09 vs. price of S$0.10 (13.3% above fair value)
  • GF Score™: 47/100 with 8 warning signs

No single metric tells the full story. See the SGX:DU4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mermaid Maritime PCL Business Description

Industry EnergyOil & Gas
Other Exchanges MMMPF:USA
Address Soi Chidlom, Ploenchit Road, No. 26/28-29, Orakarn Building, 9th Floor, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.
47GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.10
Price
S$0.09
GF Value