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Results
Triyards’ FY16 earnings down 34% to US$17.8 mil
SINGAPORE (Oct 21): Triyards, the subsidiary of Ezra Holdings that operates yards, reported an increase of 20% for FY16 revenue to US$324.9 million ($451.7 million) and 7% increase for 4QFY16 to US$94.2 million, driven by contributions across the board.
October 21, 2016
EMS Energy subsidiary to sell off Tuas property for $5.6 mil
SINGAPORE (Oct 17): EMS Energy Solutions, a subsidiary of EMS Energy, is disposing its property at 10 Tuas Avenue 11 to SPCO Holdings for $5.6 million.
October 17, 2016
Swissco defaults on interest payment; suspends trading
SINGAPORE (Oct 12): Troubled oil and gas services company Swissco announced it will default on its interest payment to noteholders on Oct 16 and will suspend trading with immediate effect.
October 12, 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
KrisEnergy queried by SGX; second time in 30 days
SINGAPORE (Oct 11): The Singapore Exchange has queried KrisEnergy over its trading activity, its second time in 30 days, noting the unusual price movement of its shares.
October 11, 2016
Broker's Calls
Competition heats up for Acromec but big tenders ahead
SINGAPORE (Oct 10): RHB is downgrading Acromec to “neutral” with a target price of 78 cents, citing a slowdown in government tenders and potential competition from oil and gas engineering companies.
October 10, 2016
Broker's Calls
Can OPEC cuts help save O&M sector?
SINGAPORE (Oct 7): UOB Kay Hian is maintaining its “underweight” call for the offshore and marine sector citing flat capex from oil majors despite improved sentiment from OPEC cuts.
October 07, 2016
Broker's Calls
Ezion turns to wind to power growth
SINGAPORE (Sept 30): UOB Kay Hian on Friday maintained its “hold” call on Ezion Holdings, and raised its target price to 30 cents from 23 cents previously.
September 30, 2016
Broker's Calls
Is Vard’s diversification strategy working?
SINGAPORE (Sept 26): OCBC Investment Research is maintaining its “hold” call on Vard Holdings despite its efforts at diversification.
September 26, 2016
Broker's Calls
Swiber’s blowout unlikely to capsize banks
SINGAPORE (Sept 8): Oil and gas player Swiber’s spectacular financial meltdown appears unlikely to significantly affect local banks, with UOB Kay Hian maintaining its “overweight” on the sector.
September 08, 2016