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oil and gas (O&G)
Just when you thought Singapore’s O&G woes were over, they’ve surfaced again
SINGAPORE (March 21): Maybank Kim Eng Research believes profits for all three of Singapore’s main banks may fall by 3-8% this FY17E, given the estimated $217-748 million of total claims and borrowings to the beleaguered oilfield services firm, Ezra Hold
March 21, 2017
Singapore banks’ exposures to Ezra ‘lower than expected’
SINGAPORE (March 20): UOB KayHian says it is keeping to its conservative 2017 earnings forecast for Singapore’s banking sector, which is 6% below consensus estimates for DBS and 7% below consensus estimate for OCBC.
March 20, 2017
Commodities
Armed with US$11 billion, Thailand oil giants hunt for investments
BANGKOK/SINGAPORE (March 20): The Asian energy companies sitting on the largest horde of cash outside China are ready to put it to use.
March 20, 2017
Broker's Calls
Improved cash flow, upcoming rig acquisitions earn Ezion an upgrade
SINGAPORE (March 8): Lim & Tan Securities is upgrading its rating on Ezion Holdings to “hold” from “reduce” previously, mainly because it is now trading at an improved price-to-book value of 0.58x P/B.
March 08, 2017
Broker's Calls
Why Ezion is a good buy despite FY16 earnings miss
SINGAPORE (Feb 24): CIMB Research is maintaining its “add” rating on Ezion Holdings with a raised target price of 45 cents from 44 cents previously, even as offshore service provider on Thursday reported a widening of new 4Q losses to US$66.6 million
February 24, 2017
Broker's Calls
Could cash rich Baker Tech rise amid O&G slump?
SINGAPORE (Feb 22): Baker Technology has not been spared from the weakness facing the oil and gas industry.
February 22, 2017
Broker's Calls
Oil price recovery unlikely to lift these 2 rigbuilders
SINGAPORE (Jan 16): Oil prices have floated to near 17-month highs, with sentiment within the oil and gas (O&G) industry lifted by OPEC production curb agreements.
January 16, 2017
Broker's Calls
Seize the day with a beaten-down stock in the midst of sector recovery
SINGAPORE (Jan 16): OCBC Investment Research has upgraded its call on Ezion Holdings from “hold” to “buy” with a fair value estimate of 54 cents.
January 16, 2017
Broker's Calls
The seas have calmed for Mermaid Maritime
SINGAPORE (Jan 9): DBS Vickers Securities is turning positive on Mermaid Maritime, upgrading its call on the stock from “hold” to “buy” at a raised target price of 24 cents from 14 cents previously due to a more favourable risk-reward profile.
January 09, 2017
RHB strategy for 2017
As SIBOR rises, so do the earnings of this bank stock
SINGAPORE (Jan 9): RHB expects DBS’ share price performance, which was already strong since the US presidential election results, to surge even further from higher Singapore interest rates in the near-term.
January 09, 2017