oil and gas (O&G)

Contracts

CSE Global bags orders worth $230 mil in 4Q19, full year order wins lifted to $580 mil

SINGAPORE (Feb 4): CSE Global reported that its business sectors had secured about $230 million of new orders for 4Q19 ended December, bringing its full-year orders for FY19 to $580 million. 

Broker's Calls

Will potential white knight investor rescue Ezion from the red?

SINGAPORE (Mar 11): DBS Vickers Securities is reiterating its “hold” call on Ezion Holdings with a target price of 5 cents, which is based on 10 times FY20 fully-diluted earnings after lowering FY2

Results

CSE Global swings back into the black with 4Q earnings of $4.9 mil; proposes 1.5-cent final dividend

SINGAPORE (Feb 20): Technologies company CSE Global declared earnings of $4.9 million for the 4Q ended December, reversing back into profitability from its restated loss of $39.1 million due to imp

Broker's Calls

CSE kept at 'buy' by UOB, RHB on stronger outlook with 4Q contract wins

SINGAPORE (Jan 16): UOB Kay Hian and RHB Research are reiterating their “buy” calls on CSE Global after the group announced it secured

Contracts

Keppel O&M subsidiary wins $30 mil contract from KrisEnergy

SINGAPORE (Nov 9): Keppel Shipyard, the wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has won a production barge upgrade contract worth about $30 million for the modific

SE Asia Stocks

Federal International (2000) secures $80 mil in new orders

SINGAPORE (Oct 1): Federal International (2000) says it secured five contracts amounting to a total of US$58.4 million ($80 million), the largest being a US$51.3 million five-year charter hire cont

In print this week

Singapore remains oil-fuelled economy despite renewables push

SINGAPORE (Aug 20): The Muffinry in Telok Ayer, a café run by local F&B business Bakery & Bar, has a little framed certificate on a shelf facing the cash register.

Broker's Calls

Accumulate on GSS Energy's current price weakness: RHB

SINGAPORE (May 18): GSS Energy reported a 36.1% fall in 1Q18 earnings to $0.67 million from $1.05 million in 1Q17, on the back of higher expenses.

Broker's Calls

Outlook remains promising for Megachem even as margins face risks: NRA

SINGAPORE (Apr 30): NRA Capital likes Megachem as a proxy to broad economic growth, and values the counter at $67.9 million or at about 14.7 times FY18F PATMI.

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