operating environment

Seize the day with a beaten-down stock in the midst of sector recovery

SINGAPORE (Jan 16): OCBC Investment Research has upgraded its call on Ezion Holdings from “hold” to “buy” with a fair value estimate of 54 cents.

Although it continues to expect a challenging operating environment for energy equipment and services (E&P) investment companies, the research house is suggesting that longer-term investors “look beyond this” and instead, choose “pick up beaten-down stocks whose negatives have been mostly priced in” such as Ezion.   

Singapore is only Asean country to have stable banking outlook as risks rise

SINGAPORE (Oct 6): Asean banks are facing slower GDP growth, a weaker operating environment and increasing downside risks – but most should have adequate loss-absorption buffers to support their current ratings, says Fitch Ratings.

In a Wednesday statement, Fitch notes that the operating environment for banks across much of Asean has become more challenging over the last couple of years, which  could potentially expose vulnerabilities created in Asean’s banking systems during the years of rapid credit growth that followed the 2008 global financial crisis.

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