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rigs

Offshore & Marine

SembMarine sees another year of red, but new orders momentum could improve

Despite an uptick in crude oil prices in 2019, a recovery in oil exploration and production activity was somewhat limited. This inevitably prolonged the downturn in the oil services industry, which has seen a glut of rigs and offshore

Broker's Calls

Keppel headed in the right direction despite ‘sluggish’ O&M contributions: RHB

SINGAPORE (June 30): RHB is maintaining its “buy” call on local conglomerate Keppel Corporation with a lower target price of $7.34 compared to $7.55 previously, after adjusting its discount rate and valuation for Keppel Land, Keppel Capital, and the o

Broker's Calls

Improved cash flow, upcoming rig acquisitions earn Ezion an upgrade

SINGAPORE (March 8): Lim & Tan Securities is upgrading its rating on Ezion Holdings to “hold” from “reduce” previously, mainly because it is now trading at an improved price-to-book value of 0.58x P/B.

Broker's Calls

Why Ezion is a good buy despite FY16 earnings miss

SINGAPORE (Feb 24): CIMB Research is maintaining its “add” rating on Ezion Holdings with a raised target price of 45 cents from 44 cents previously, even as offshore service provider on Thursday reported a widening of new 4Q losses to US$66.6 million

Oil bet gone wrong: rusting tankers and rigs clog up Asian waters

JOHOR, MALAYSIA (Sept 22): Some 15 km (9 miles) from the bustling port of Singapore, a rusting tanker as big as the world's largest aircraft carriers lies idle in a muddy estuary flanked by mangrove trees on the coast of southern Malaysia.    
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