Triyards Holdings

Though Altman’s Z-score, a popular formula for predicting bankruptcy was initially directed at American companies, it provides clues for Singapore’s volatile oil & gas sector.

SINGAPORE (Dec 29): Triyards Holdings, the offshore marine division of Ezra Holdings, sunk into full-year losses of US$162.5 million ($217 million) in FY17 ended Aug given its ability to secure financing for its projects after its parent company filed for

SINGAPORE (Sept 6): Triyards Holdings, which provides engineering, fabrication, and ship construction solutions for the global offshore and marine industry, has called for the suspension of the trading of its shares on the Singapore Exchange (SGX).

SINGAPORE (July 21): Shipbuilder and repairer Triyards Holdings sunk into losses of US$63.3 million for 3Q17 ended May compared to a profit of US$4.1 million a year ago.

SINGAPORE (April 10): OCBC Investment Research on Monday says it is keeping its “hold” call on Triyards Holdings pending more clarity on the impact from Ezra Holdings.

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SINGAPORE (April 7): Triyards Holdings recorded a loss after tax of US$4.2 million ($5.9 million) and US$6.3 million in 1H17 and 2Q17 ended Feb after making a total allowance of US$8.4 million in doubtful receivables.

SINGAPORE (March 22): Triyards Holdings, the 60%-owned subsidiary of beleaguered offshore company Ezra Holdings, says it is in the midst of assessing the potential impact of Ezra’s recent bankruptcy filing on the group – but, at this stage, does not

SINGAPORE (March 21): EMAS Offshore says it will be negatively impacted by the United States’ Chapter 11 filing by the company’s ultimate holding company Ezra Holdings to facilitate the restructuring of the group.

SINGAPORE (March 15): OCBC is has downgraded its call on offshore and marine (O&M) provider Triyards Holdings to “hold” from “buy” previously, with a lower fair value estimate of 34.5 cents.