oil and gas (O&G)

Prabowo’s government could fine-tune energy subsidies over the next two to three months after taking office in October.

Memories of the 2015–1016 downturn linger but industry players and analysts believe the current upcycle still has legs.

The city-state has held 33 ships for failing safety inspections so far this year, the same as for the period from 2010 to 2019.

KGI has upgraded CSE with a higher target price of 61 cents from 52 cents previously.

Notably, $190 million of the orders in 4Q19 were secured by the group’s O&G sector. This brings the sector’s full year orders to $430 million, almost double that of $218 million in 2018.

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 FY20 earnings forecasts by 45%.

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 improved margins.

SINGAPORE (Jan 16): UOB Kay Hian and RHB Research are reiterating their “buy” calls on CSE Global after the group announced it secured $84.8 million worth of infrastructure projects in 4Q18.

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 modification and upgrading of a production barge for KrisEnergy’s wholl