Two O&G companies that are poised to benefit from government-backed relief

SINGAPORE (Nov 28): DBS Group Research says Pacific Radiance and Ezra Holdings are two SGX-listed oil and gas players under its coverage that will likely qualify for and benefit the most from government-backed relief for the sector.

Ministry of Trade and Industry on Friday stepped in to throw Singapore’s marine and offshore engineering (M&OE) industry a lifeline with a scheme of support measures.

“These new finance schemes targeted at the M&OE sector marks the first time that the government is providing such sector-specific intervention,” says DBS lead analyst Suvro Sarkar in a Monday report. “More help would certainly be useful.”

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