offshore & marine (O&M)

SINGAPORE (July 13): CGS-CIMB Securities is maintaining its sector “overweight” on Singapore’s offshore & marine (O&M) industry with expectations of Yangzijiang Shipbuilding to deliver stronger q-o-q earnings on stronger shipbuilding margins.

SINGAPORE (May 25): SAC Advisors is maintaining its “buy” call on Sanli Environmental with an unchanged target price of 36 cents, even after the environmental engineering company reported lower FY18 earnings of $3.1 million, down 40.7% from $5.2 milli

SINGAPORE (May 22): CGS-CIMB Securities is reiterating its “add” call on Keppel Corporation with an unchanged target price of $10 while highlighting the stock as its preferred pick in the capital goods sector as well as a “solid long-term investment

SINGAPORE (Apr 25): Sembcorp Marine announced an 86% fall in earnings for the first quarter ended March from a year ago.

SINGAPORE (Apr 16): Phillip Capital is of the view that Singapore’s oil and gas (O&G) sector is facing an extended period of soft conditions.

SINGAPORE (Mar 1): Kim Heng Offshore & Marine, the integrated offshore & marine (O&M) value chain services provider, says it has purchased a 6,000BHP anchor handling tug/supply (AHTS) vessel for about $0.7 million.

SINGAPORE (Aug 25): ST Engineering announced its subsidiary, Vision Technology Marines, has acquired selected rig repair assets adjacent to its existing yard, VT Halter Marine in Pascagoula, Mississippi.

SINGAPORE (June 8): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation with a fair value estimate of $7.36, on the belief that the counter is well-positioned to ride on a property upturn.

SINGAPORE (May 15): UOB Kay Hian has downgraded ST Engineering from “buy” to “hold” even as it raised its target price to $3.90 from $3.70 previously.

SINGAPORE (April 12): OCBC has upgraded PACC Offshore Services Holdings (POSH) from “sell” to “hold”, with a higher fair value estimate of 33.5 cents.