offshore & marine (O&M) sector

Target prices for the three companies stand at $10.11, 15.6 cents and $1.16 for Keppel, Sembmarine and Yangzijiang respectively.

The offshore and marine (O&M) sector, which has experienced a prolonged downturn since the 2014 crash in crude oil prices, is unlikely to see a recovery any time soon.

SINGAPORE (Jan 21): The offshore and marine (O&M) sector is kept at “market weight” by UOB Kay Hian, as analysis by the research house on the global oil and gas (O&G) sector and the global rig market indicated that while there have been some positive

SINGAPORE (Jan 8): Credit Suisse is recommending Singapore investors stick with a portfolio of quality, high-yield stocks and stocks with low embedded expectations to ride out any volatility in 2019 while positioning for a market recovery.

SINGAPORE (Sept 29): Here are some charts this week for our technical analysis.

SINGAPORE (March 14): Daiwa Capital Markets is maintaining its “hold” and “sell” calls on Keppel and SembCorp Marine respectively, saying optimism in the sector is unfounded.

SINGAPORE (June 6): Maybank Kim Eng is retaining its “negative” outlook on the offshore & marine (O&M) sector, even though Brent oil futures have continued to hold near US$50 ($68.06) ever since it hitting its record mark for the first time in nearly