Ezra Holdings

Ezra may reassess investment in Bursa Malaysia-listed Perisai

KUALA LUMPUR (Oct 19): Ezra Holdings said it may need to reassess its investment in Bursa Malaysia-listed Perisai Petroleum Teknologi as it seeks waivers from bondholders on some of its debt covenants amid “strong headwinds” from low oil prices, weak

Court grants judicial management to Swiber Holdings

SINGAPORE (Oct 6): Swiber Holdings, the Singapore-based firm that roiled the local bond market when it defaulted in August, has been put under judicial management while it reorganises debt.

Rebound in Ezra seen to be fleeting amid oil industry woes

SINGAPORE (Sept 26): Ezra Holdings is leading a rebound among Singapore oil-services providers this month, after bearish bets pushed the company’s shares to all-time lows. The rally will be short-lived amid deepening financial distress in the industry,

Singapore's rough week for shipping foreshadows challenging 2017

SINGAPORE (Sept 15): It has been a rough week for Singapore's shipping services industry and the going could get even tougher next year with record debt falling due.

Market Close

STI closes 0.8% lower at 2,870.03

SINGAPORE (Sept 9): The Singapore market ended lower on Friday, following negative leads from both the US and the rest of Asia.

Market Close

STI closes 1.7% higher at 2,851.74

SINGAPORE (Sept 5): The Singapore market ended higher on Monday following positive cues from the Wall Street and the Asian markets.

A penny stock DBS couldn’t save roils Singapore’s oil hub, banks

SINGAPORE (Aug 8): With a market value of $50 million, Swiber Holdings hardly seemed the kind of company to cause a ripple in the financial markets. Yet, the near-liquidation of the penny-stock firm has set off tremors in Singapore’s banking and energy

Market Close

STI ends 0.8% higher at 2,892.52

SINGAPORE (Aug 1): The Singapore market ended Monday higher thanks to broad-based gains and a regional lift as quarterly results and corporate news move individual counters.

Bears crowd Ezra as Swiber’s woes signal oil industry risks

SINGAPORE (Aug 1): Bearish bets on offshore marine services provider Ezra Holdings jumped close to the highest in a year as the failure of smaller rival Swiber Holdings heightened concerns for the financial health of companies in the oil industry.
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