Abu Dhabi Ship traded at 8.45 this Wednesday June 17th, increasing 0.05 or 0.60 percent since the previous trading session. Looking back, over the last four weeks, Abu Dhabi Ship gained 1.81 percent. Over the last 12 months, its price rose by 7.51 percent. Looking ahead, we forecast Abu Dhabi Ship to be priced at 8.22 by the end of this quarter and at 7.80 in one year, according to Trading Economics global macro models projections and analysts expectations.
Abu Dhabi Ship Building PJSC (ADSB) is a United Arab Emirates-based public joint stock company engaged in the construction, repair, and overhaul of commercial and military ships and vessels. The Company’s services and products include Navel Ship Building, which covers corvettes, fast petrol boats, interceptors, assault boats, fast troop carriers, fast supply vessels and landing crafts; Navel Repairs, which include hull and deck replacement, replacement of obsolete equipment and valves and pump repairs, among others; Commercial Ship Building, covers sea keeper, tug boats, crew boats, dredgers and product tanks, and Commercial Ship Repairs and Conversions, which offers individual owners and major offshore fleets, routine maintenance to major upgrades and long-term maintenance contracts for public and private sector, among others. As of December 31, 2011, the Company had stake in Abu Dhabi Systems Integrations LLC and Gulf Logistics and Naval Support LLC.