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Marco Polo Marine
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.
October 19, 2016
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
October 19, 2016
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:
October 17, 2016
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.
October 14, 2016
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.
October 11, 2016
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.
October 04, 2016
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,
September 26, 2016
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.
September 23, 2016
Stocks To Watch
Capitaland, Lum Chang, Cacola, Marco Polo
SINGAPORE (Sept 23): Here are some stocks that could move the market this Friday morning:
September 23, 2016
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.
September 15, 2016