Oil & Gas

SINGAPORE (March 13): CIMB is maintaining its “add” call for CSE Global on the back of new contract wins.

SINGAPORE (Feb 17): DBS Group chief executive officer Piyush Gupta believes the bank has seen the worst of its woes from loans to troubled companies in the oil and gas support services sector.

SINGAPORE (Nov 25): Ezion Holding’s earnings in 3Q16 may have been disappointing but DBS Group Research is sticking to its “buy” recommendation with a target price of 56 cents.

SINGAPORE (Nov 1): The three local lenders, DBS Bank, United Overseas Bank and Oversea-Chinese Banking Corporation - with their combined oil and gas exposure of $47.3 billion at end Sept - saw falling asset quality from their oil and gas exposure for 3QFY

SINGAPORE (Oct 26): Deutsche Bank Markets Research says it expects “little change” in the fortunes of Singapore banks in their upcoming 3Q16 earnings announcements on the back of slowing revenue momentum.

SINGAPORE (Oct 10): OCBC Investment Research is keeping DBS on “buy” with a fair value estimate of $16.68 despite the Singapore banking sector facing the triple threat of a slowing economy, lacklustre loans, and challenges in several core sectors.

SINGAPORE (Aug 1): Brokerage houses DBS Vickers Securities, KGI Fraser and OCBC Investment Research are lowering their expectations of Sembcorp Marine’s (SMM) earnings in the next couple of financial years to come, after the Singapore-based drilling rig

SINGAPORE (July 12): KGI Fraser Securities has maintained its “buy” call for Triyards Holdings, while revising downwards its target price from 55 cents to 52 cents.

SINGAPORE (June 19): Both Keppel Corp and SembMarine (SMM) are reportedly joining a queue to pony up some $300 to $350 million in working capital, to help finance the capital expenditure of their Brazilian customer Sete Brasil.