Swiber

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.

Swiber’s judicial managers get time extension to negotiate with creditors

SINGAPORE (Dec 2): Swiber announced that its judicial managers have applied for and received an extension of time until March 23, 2017 from the Singapore High Court to send creditors a statement of proposals and summon a creditors’ meeting.

Stocks To Watch

Boustead Projects, iX Biopharma, Swiber, ISR Capital

SINGAPORE (Nov 22): Here are some factors and stocks that could move the market this Tuesday morning:

‘Grow up as a market’, TSMP Law’s Thio urges Singapore

SINGAPORE (Nov 7): Stefanie Yuen Thio believes Singapore needs to “grow up” as a market, especially when it comes to dealing with junk bonds.

Broker's Calls

Why DBS is still attractive despite O&G exposure

SINGAPORE (Nov 2): UOB Kay Hian remains bullish on DBS Group, maintaining a “buy” call with a target price of $18.98, despite the bank’s exposure to the oil and gas industry.

SGX raps Swiber for misleading 2014 contract announcement

SINGAPORE (Oct 31): The Singapore Exchange has reprimanded Swiber for breaching Listing Rule 703 for failing to provide a balanced and fair announcement in relation to a US$710 million ($988 million) project.
Singapore banks

Broker's Calls

DBS the only ‘buy’ ahead of Singapore banks’ 3Q results: Deutsche

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 banks

Broker's Calls

Singapore banks ‘underweight’ amid fears of worsening asset quality

SINGAPORE (Oct 19): CIMB is keeping its “underweight” rating on Singapore banks amid worries over further worsening in asset quality, ahead of the local banks’ 3Q earnings announcements.

Singapore’s US$24 bil wipeout eats into city’s shipyard base

SINGAPORE (Oct 19): Customers have dwindled by the week at Indian Masala Hut, a curry stall in Singapore’s shipyard heartland. Manager K. Muralidoss blames the slump in oil rig-building that led to the elimination of thousands of jobs, many held by work

Vallianz postpones EGM to approve rights cum warrants issue on Swiber’s interest

SINGAPORE (Oct 13): Vallianz Holdings announced that it will postpone the extraordinary general meeting on Oct 17 due to Swiber’s interest in participating in the rights cum warrants issue.
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