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oil and gas (O&G)
In print this week
Singapore remains oil-fuelled economy despite renewables push
SINGAPORE (Aug 20): The Muffinry in Telok Ayer, a café run by local F&B business Bakery & Bar, has a little framed certificate on a shelf facing the cash register. It points out that the café is a customer of Sun Electric, a local solar energy retailer.
August 19, 2018
Broker's Calls
Accumulate on GSS Energy's current price weakness: RHB
SINGAPORE (May 18): GSS Energy reported a 36.1% fall in 1Q18 earnings to $0.67 million from $1.05 million in 1Q17, on the back of higher expenses.
May 18, 2018
Broker's Calls
Outlook remains promising for Megachem even as margins face risks: NRA
SINGAPORE (Apr 30): NRA Capital likes Megachem as a proxy to broad economic growth, and values the counter at $67.9 million or at about 14.7 times FY18F PATMI.
April 30, 2018
Crude Oil
4 ways the O&G sector continues to face protracted soft conditions: Phillip
SINGAPORE (Apr 16): Phillip Capital is of the view that Singapore’s oil and gas (O&G) sector is facing an extended period of soft conditions.
April 16, 2018
Shareholders in Brazil demand Petrobras match US$3 bil US settlement
RIO DE JANEIRO (Jan 5): Brazilian shareholders of state-controlled Petroleo Brasileiro SA are petitioning a Brazilian court to be paid on similar terms as those given to US shareholders in a US$2.95 billion ($3.9 billion) settlement, a lawyer told Reuters
January 05, 2018
Broker's Calls
This bank stock is poised for another year of strong results
SINGAPORE (Dec 14): OCBC Investment Research is upgrading its call on DBS Group to “buy” with a higher fair value estimate of $27.40 based on 1.4 times FY18E book while projecting for the group’s earnings to rise 25% in FY18.
December 14, 2017
M&A
Hai Leck's new Jurong Island project to boost FY18 order book by $28 mil
SINGAPORE (Oct 16): Hai Leck Holdings says it has been awarded a new project by an existing customer in Jurong Island.
October 16, 2017
Noble Group’s chairman is determined to avoid Lehman’s fate
(Sept 6): The Noble Group executive charged with restructuring the beleaguered commodity trader has no intention of getting embroiled in another bankruptcy.
September 06, 2017
Broker's Calls
Morgan Stanley initiates coverage on Singapore’s O&M industry with bearish view
SINGAPORE (Aug 25): Morgan Stanley Research has initiated coverage on Singapore’s offshore marine and utility segment with two “underweight” ratings and one “equal weight” call.
August 25, 2017
Cambodia government and KrisEnergy seal terms for Cambodia Block A oil development
SINGAPORE (Aug 23): The Royal Government of Cambodia and KrisEnergy today jointly announced the signing of fiscal and technical agreements for the nation’s first oil field development in Cambodia Block A in the Gulf of Thailand.
August 23, 2017