oil and gas (O&G)

Results

Civmec sees FY17 earnings halve to $8.4 mil on lower revenue

SINGAPORE (Aug 22): Civmec, the integrated construction and engineering services provider, announced earnings of $8.4 million for the full year ended June, down by half from the $17.4 million reported in FY16 on lower revenue.

Broker's Calls

OCBC ceases coverage on Kim Heng O&M on weak 2Q results

SINGAPORE (Aug 22): OCBC Investment Research is ceasing its coverage on Kim Heng Offshore & Marine as the offshore and marine (O&M) industry is not picking up enough to spur capital expenditure in the oil & gas sector.

Results

KrisEnergy’s 1H net loss narrows to US$26.1 mil on higher sales and fair value gain

SINGAPORE (Aug 14): Oil and gas (O&G) explorer KrisEnergy reported a smaller 1H17 net loss of US$26.1 million ($35.5 million), down from US$45.2 million in 1H16.

Broker's Calls

Singapore’s banks are back on track with improved business sentiment

SINGAPORE (Aug 10): UOB Kay Hian is maintaining “overweight” on Singapore’s banking sector with DBS and Oversea-Chinese Banking Corporation (OCBC) as its top “buy” picks with target price estimates of $24.85 and $13.38 respectively.

Broker's Calls

Could changes to Cosco’s core business be underway?

SINGAPORE (Aug 8): DBS Vickers Securities is maintaining its “hold” call on Cosco Shipping International (Singapore) with an unchanged target price of 27 cents after the group last week reported a narrowing of its 2Q losses to $20.8 million.

GSS Energy seeks to be valued as O&G play

This article appears in Issue 783 (June 12) of The Edge Singapore which is on sale now

Vallianz announces new contract wins worth up to $160 mil

SINGAPORE (May 23): Vallianz Holdings has secured long-term charter contracts valued at up to a total of US$115 million ($160 million) for four vessels, which were awarded by as two offshore marine services companies based in Egypt and Turkmenistan respec

Results

Vallianz sinks into FY17 loss of US$159 mil on exceptional expenses

SINGAPORE (May 22): Vallianz Holdings, the provider of offshore support vessels (OSVs) and integrated offshore marine solutions to the oil and gas (O&G) industry, announced losses of US$159.4 million for the 15 months ended March 31, compared to FY15 ende

Broker's Calls

Potential risks keep UOB at ‘hold’ despite strong 1Q17 results

SINGAPORE (May 2): CIMB Research and OCBC Investment Research have reiterated their “hold” calls on UOB Bank, raising their respective target price and fair value estimates to $21.20 from $20.37 and $21.66 from $20.55 previously.
×