Marco Polo Marine

Singapore banks

Broker's Calls

Singapore banks ‘underweight’ amid fears of worsening asset quality

SINGAPORE (Oct 19): CIMB is keeping its “underweight” rating on Singapore banks amid worries over further worsening in asset quality, ahead of the local banks’ 3Q earnings announcements.

Singapore’s US$24 bil wipeout eats into city’s shipyard base

SINGAPORE (Oct 19): Customers have dwindled by the week at Indian Masala Hut, a curry stall in Singapore’s shipyard heartland. Manager K. Muralidoss blames the slump in oil rig-building that led to the elimination of thousands of jobs, many held by work

Stocks To Watch

SPH, ST Engr, Serrano, ISEC, MMP, Marco Polo

SINGAPORE (Oct 17): Here are some factors and stocks that could move the market this Monday morning:

Marco Polo Marine gets approval to restructure notes due on 2016

SINGAPORE (Oct 14): Marco Polo Marine, the embattled oil and gas services provider, announced that it has secured approval from the majority of noteholders to restructure its $50 million 5.75% fixed rates notes.

Singapore banks can withstand losses from Asia’s O&G defaults: Fitch

SINGAPORE (Oct 11): Singapore banks are well positioned to withstand losses from Asia’s oil and gas defaults, says Fitch Ratings.

Singapore junk bonds slump as Swissco seeks restructuring

SINGAPORE (Oct 4): Singapore's junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies.

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,

Market Close

STI closes 0.4% higher at 2,856.95

SINGAPORE (Sept 22): Singapore stocks ended Friday and the week higher at 2,856.95, as a global stock rally associated with central bank policy decisions petered out and large-caps ended mixed, with many unchanged.

Stocks To Watch

Capitaland, Lum Chang, Cacola, Marco Polo

SINGAPORE (Sept 23): Here are some stocks that could move the market this Friday morning:

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.
×