oil & gas (O&G)

Results

Gaylin's FY18 loss widens to $51.6 mil on inventory provisioning

SINGAPORE (May 28): Gaylin Holdings, the specialist provider of products, services and solutions to the oil & gas (O&G) and maritime industries, saw 4Q losses widen to $44.4 million from a loss of $6.2 million a year ago due to higher provision for slow-m

Malaysia

Oil money might help Mahathir fund Malaysia's budget without GST

(May 17): A promise to scrap the goods-and-services tax helped Prime Minister Mahathir Mohamad win an election that led to Malaysia’s first change in government since independence.

Results

Federal International 2000 announces 41.7% lower FY17 earnings of $4.2 mil

SINGAPORE (Feb 26): Federal International (2000) reported a 68.9% decline in 4Q earnings to $1.1 million from $3.7 million a year ago on lower other income. This brings the group’s earnings for the full year to $4.2 million, down 41.7% from $7.3 million

Broker's Calls

This bank just got an upgrade on its recent share price dip. Why?

SINGAPORE (Sept 14): OCBC has upgraded its rating on DBS Group to “buy” from “hold” with an unchanged fair value estimate of $22.50 due to the recent drop in its share price. 

Broker's Calls

Banks 'not out of the woods' from oil & gas exposure

SINGAPORE (Aug 30): UOB Kay Hian on Tuesday maintained its “overweight” rating on Singapore banks, but says banks here are “not out of the woods yet”.
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