oil and gas (O&G) sector

“We should get used to the fact that China is going to keep growing and become stronger and we have to figure out a way to work with them while protecting our industries and protecting our country militarily.” - Michael Bloomberg

SINGAPORE (May 9): Oversea-Chinese Banking Corporation (OCBC) has posted a net profit after tax of $973 million for 1Q17, 14% above $856 million in 1Q16.

SINGAPORE (March 15): OCBC is has downgraded its call on offshore and marine (O&M) provider Triyards Holdings to “hold” from “buy” previously, with a lower fair value estimate of 34.5 cents.

SINGAPORE (March 15): OCBC is has downgraded its call on offshore and marine (O&M) provider Triyards Holdings to “hold” from “buy” previously, with a lower fair value estimate of 34.5 cents.

SINGAPORE (Dec 5): DBS Vickers Securities is reiterating its “buy” call on Sembcorp Industries (SCI) with a higher target price of $3.10 from $2.90 previously.

SINGAPORE (Dec 1): DBS Vickers Securities is advising investors to continue avoiding Ezra Holdings as it maintains its “fully valued” call on the offshore support provider, while lowering its target price to 4 cents from 6 cents previously.

SINGAPORE (Nov 30): OCBC Investment Research believes the worst might be over for the oil and gas sector, with less downside risk than a year ago and most of the negatives having been priced in.

SINGAPORE (Nov 30): UOB Kay Hian is keeping its “overweight” call on the Singapore banking sector while maintaining its “buy” recommendations on DBS Group and Oversea-Chinese Banking Corp (OCBC) at target prices of $20.15 and $10.45 respectively.

SINGAPORE (Nov 28): With the Singapore market being dragged down this year by events such as Brexit and the US presidential elections, OCBC Investment Research expects the lacklustre sentiment to continue at least into 1H17 as corporate earnings and econo