Ezra Holdings

SINGAPORE (July 22): Ezra Holdings says EMAS CHIYODA Subsea has jointly won  a contract by Saudi Aramco with Larsen & Toubro Hydrocarbon Engineering (LTHE).

SINGAPORE (July 19): DBS has downgraded its rating for Ezra Holdings to “fully valued”, with a target price of 6 cents.

SINGAPORE (July 15): A one-off non-cash loss of US$181.3 million ($243.6 million) on disposal of a held-for-sale unit as well as allowance for doubtful debt of US$25.0 million have tipped Ezra Holdings into losses for the third quarter.

SINGAPORE (July 8): Triyards Holdings, the subsidiary of Ezra Holdings that operates yards, posted a 24% fall in earnings for the 3Q16 ended May due to US$4.12 million ($5.6 million) on lower gross profit margins from a different mix of projects.

SINGAPORE (June 13): Shares of Ezra Holdings are down 13.3% to 7.9 cents after the offshore and marine services firm announced it is selling another 10% of its stake in EMAS Chiyoda Subsea to Nippon Yusen Kabushiki Kaisha (NYK).

SINGAPORE (June 13): Ezra Holdings, Chiyoda Corporation and Nippon Yusen Kabushiki Kaisha (NYK) jointly announced that the three parties have entered into a binding agreement for NYK to invest in EMAS Chiyoda Subsea (ECS).

SINGAPORE (June 9): Singapore Exchange’s Maritime and Offshore Index, which comprises shipyard operators, shipping companies and offshore services providers, has risen 6.3% in the first six sessions of June.

SINGAPORE (June 7): Singapore’s offshore and marine stocks are winning investor interest on the back of firmer oil prices.

SINGAPORE (May 26): Singapore stocks closed higher on Thursday, helped by the buying of energy shares as oil prices passed the US$50 a barrel mark.